Caisse de depot et placement du Quebec Buys New Position in Franklin Electric Co., Inc. $FELE

Caisse de depot et placement du Quebec bought a new stake in shares of Franklin Electric Co., Inc. (NASDAQ:FELE) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 15,800 shares of the industrial products company’s stock, valued at approximately $1,694,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Oregon Public Employees Retirement Fund increased its holdings in shares of Franklin Electric by 1.2% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 8,716 shares of the industrial products company’s stock worth $833,000 after buying an additional 100 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Franklin Electric by 31.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 425 shares of the industrial products company’s stock worth $38,000 after acquiring an additional 101 shares during the last quarter. LPL Financial LLC increased its stake in Franklin Electric by 1.0% in the fourth quarter. LPL Financial LLC now owns 12,158 shares of the industrial products company’s stock valued at $1,161,000 after acquiring an additional 115 shares during the last quarter. Osaic Holdings Inc. lifted its stake in Franklin Electric by 24.3% during the second quarter. Osaic Holdings Inc. now owns 608 shares of the industrial products company’s stock worth $55,000 after purchasing an additional 119 shares during the last quarter. Finally, Inspire Investing LLC lifted its stake in Franklin Electric by 2.5% during the fourth quarter. Inspire Investing LLC now owns 4,968 shares of the industrial products company’s stock worth $475,000 after purchasing an additional 120 shares during the last quarter. Hedge funds and other institutional investors own 79.98% of the company’s stock.

Insider Buying and Selling

In other Franklin Electric news, insider Jonathan M. Grandon sold 8,547 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $103.40, for a total value of $883,759.80. Following the completion of the sale, the insider owned 7,509 shares in the company, valued at approximately $776,430.60. The trade was a 53.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.89% of the stock is owned by company insiders.

Franklin Electric Stock Performance

NASDAQ FELE opened at $100.56 on Friday. The company has a 50-day simple moving average of $105.17 and a two-hundred day simple moving average of $100.85. The company has a quick ratio of 1.10, a current ratio of 2.41 and a debt-to-equity ratio of 0.10. Franklin Electric Co., Inc. has a 12-month low of $89.54 and a 12-month high of $115.82. The firm has a market cap of $4.45 billion, a price-to-earnings ratio of 28.98, a PEG ratio of 1.80 and a beta of 1.04.

Franklin Electric (NASDAQ:FELE) last announced its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.44 by $0.11. The firm had revenue of $622.88 million for the quarter, compared to analysts’ expectations of $605.92 million. Franklin Electric had a return on equity of 15.18% and a net margin of 7.06%.The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period last year, the firm earned $1.31 earnings per share. Franklin Electric has set its FY 2026 guidance at 4.500-4.700 EPS. On average, equities analysts forecast that Franklin Electric Co., Inc. will post 4.65 EPS for the current year.

Franklin Electric Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Thursday, August 6th were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 1.1%. The ex-dividend date was Thursday, August 6th. Franklin Electric’s dividend payout ratio (DPR) is presently 32.28%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on FELE. Wall Street Zen upgraded Franklin Electric from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Weiss Ratings upgraded Franklin Electric from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, July 30th. DA Davidson upped their target price on Franklin Electric from $100.00 to $105.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. Finally, Robert W. Baird lifted their price target on shares of Franklin Electric from $118.00 to $124.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat, Franklin Electric presently has a consensus rating of “Hold” and an average price target of $114.50.

Franklin Electric Company 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.