Teacher Retirement System of Texas Purchases 11,351 Shares of Franklin Electric Co., Inc. $FELE

Teacher Retirement System of Texas lifted its position in Franklin Electric Co., Inc. (NASDAQ:FELE) by 19.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 69,988 shares of the industrial products company’s stock after purchasing an additional 11,351 shares during the quarter. Teacher Retirement System of Texas’ holdings in Franklin Electric were worth $6,686,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in FELE. Amundi increased its holdings in shares of Franklin Electric by 134.8% in the third quarter. Amundi now owns 624,481 shares of the industrial products company’s stock worth $59,424,000 after purchasing an additional 358,517 shares during the period. Fort Washington Investment Advisors Inc. OH bought a new position in shares of Franklin Electric in the fourth quarter worth $27,266,000. Segall Bryant & Hamill LLC bought a new position in shares of Franklin Electric in the third quarter worth $24,223,000. Qube Research & Technologies Ltd increased its holdings in shares of Franklin Electric by 70.1% in the second quarter. Qube Research & Technologies Ltd now owns 486,523 shares of the industrial products company’s stock worth $43,661,000 after purchasing an additional 200,545 shares during the period. Finally, Assenagon Asset Management S.A. increased its holdings in shares of Franklin Electric by 79.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 375,251 shares of the industrial products company’s stock worth $35,848,000 after purchasing an additional 165,646 shares during the period. Institutional investors own 79.98% of the company’s stock.

Insider Transactions at Franklin Electric

In related news, CEO Joseph A. Ruzynski bought 500 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The stock was bought at an average cost of $93.34 per share, for a total transaction of $46,670.00. Following the completion of the transaction, the chief executive officer owned 22,722 shares of the company’s stock, valued at approximately $2,120,871.48. The trade was a 2.25% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.89% of the company’s stock.

Analysts Set New Price Targets

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

Franklin Electric Price Performance

Shares of NASDAQ:FELE opened at $101.94 on Monday. Franklin Electric Co., Inc. has a 52-week low of $78.87 and a 52-week high of $111.53. The firm has a fifty day moving average of $96.37 and a 200 day moving average of $97.20. The firm has a market capitalization of $4.50 billion, a PE ratio of 31.66, a price-to-earnings-growth ratio of 1.87 and a beta of 1.07. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.18 and a current ratio of 2.79.

Franklin Electric (NASDAQ:FELE) last announced its earnings results on Tuesday, February 17th. The industrial products company reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.02). Franklin Electric had a return on equity of 14.52% and a net margin of 6.90%.The company had revenue of $506.86 million during the quarter, compared to analysts’ expectations of $516.25 million. During the same quarter last year, the firm posted $0.72 earnings per share. The firm’s revenue was up 4.4% on a year-over-year basis. Franklin Electric has set its FY 2026 guidance at 4.400-4.600 EPS. As a group, research analysts anticipate that Franklin Electric Co., Inc. will post 4.54 EPS for the current fiscal year.

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.