First Trust Advisors LP Has $154.87 Million Holdings in Franklin Electric Co., Inc. $FELE

First Trust Advisors LP lifted its stake in shares of Franklin Electric Co., Inc. (NASDAQ:FELE) by 4.8% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,626,797 shares of the industrial products company’s stock after buying an additional 74,700 shares during the period. First Trust Advisors LP’s holdings in Franklin Electric were worth $154,871,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Aptus Capital Advisors LLC lifted its position in shares of Franklin Electric by 61.2% during the 3rd quarter. Aptus Capital Advisors LLC now owns 68,727 shares of the industrial products company’s stock valued at $6,543,000 after acquiring an additional 26,093 shares during the period. Segall Bryant & Hamill LLC acquired a new stake in Franklin Electric in the third quarter worth $24,223,000. 111 Capital acquired a new stake in Franklin Electric in the third quarter worth $202,000. Quantbot Technologies LP increased its stake in Franklin Electric by 36.8% in the third quarter. Quantbot Technologies LP now owns 36,893 shares of the industrial products company’s stock valued at $3,512,000 after purchasing an additional 9,920 shares in the last quarter. Finally, Handelsbanken Fonder AB increased its stake in Franklin Electric by 19.3% in the third quarter. Handelsbanken Fonder AB now owns 14,823 shares of the industrial products company’s stock valued at $1,411,000 after purchasing an additional 2,400 shares in the last quarter. Institutional investors own 79.98% of the company’s stock.

Insider Buying and Selling

In related news, CEO Joseph A. Ruzynski acquired 500 shares of the stock in a transaction dated Thursday, February 19th. The stock was purchased at an average cost of $93.34 per share, with a total value of $46,670.00. Following the completion of the purchase, the chief executive officer directly owned 22,722 shares in the company, valued at $2,120,871.48. This trade represents a 2.25% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on FELE. DA Davidson set a $100.00 price objective on shares of Franklin Electric in a research report on Thursday, February 19th. Wall Street Zen lowered Franklin Electric from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Franklin Electric in a research note on Monday, December 29th. Three analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $106.00.

Franklin Electric Stock Performance

FELE opened at $95.74 on Friday. Franklin Electric Co., Inc. has a 1-year low of $78.87 and a 1-year high of $111.53. The company has a market cap of $4.23 billion, a price-to-earnings ratio of 29.73, a PEG ratio of 1.76 and a beta of 1.07. The company’s fifty day moving average price is $100.26 and its two-hundred day moving average price is $97.30. The company has a current ratio of 2.79, a quick ratio of 1.18 and a debt-to-equity ratio of 0.10.

Franklin Electric (NASDAQ:FELE) last issued its quarterly earnings data on Tuesday, February 17th. The industrial products company reported $0.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.02). Franklin Electric had a net margin of 6.90% and a return on equity of 14.52%. The business had revenue of $506.86 million for the quarter, compared to analyst estimates of $516.25 million. During the same quarter in the prior year, the business earned $0.72 earnings per share. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. Franklin Electric has set its FY 2026 guidance at 4.400-4.600 EPS. On average, analysts expect that Franklin Electric Co., Inc. will post 4.19 EPS for the current fiscal year.

Franklin Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 19th. Shareholders of record on Thursday, February 5th were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Thursday, February 5th. This represents a $1.12 dividend on an annualized basis and a yield of 1.2%. This is an increase from Franklin Electric’s previous quarterly dividend of $0.27. Franklin Electric’s dividend payout ratio is presently 34.78%.

Franklin Electric Profile

Franklin Electric Co, Inc is a world‐leading manufacturer and distributor of systems and components for moving and managing water and fuel. Headquartered in Fort Wayne, Indiana, the company specializes in designing engineered pumping systems and related controls for residential, commercial and industrial applications.

Founded in 1944, Franklin Electric has built its reputation on submersible and surface pumping solutions for water wells, municipal water and wastewater treatment, irrigation and industrial fluid handling.