Geode Capital Management LLC decreased its position in Franklin Electric Co., Inc. (NASDAQ:FELE – Free Report) by 1.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 960,688 shares of the industrial products company’s stock after selling 18,163 shares during the period. Geode Capital Management LLC’s holdings in Franklin Electric were worth $91,787,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in FELE. Royal Bank of Canada grew its holdings in shares of Franklin Electric by 81.6% in the 1st quarter. Royal Bank of Canada now owns 3,997 shares of the industrial products company’s stock valued at $375,000 after buying an additional 1,796 shares during the period. AQR Capital Management LLC grew its holdings in shares of Franklin Electric by 105.5% in the 1st quarter. AQR Capital Management LLC now owns 25,463 shares of the industrial products company’s stock valued at $2,390,000 after buying an additional 13,075 shares during the period. NewEdge Advisors LLC grew its holdings in shares of Franklin Electric by 30.6% in the 1st quarter. NewEdge Advisors LLC now owns 5,760 shares of the industrial products company’s stock valued at $541,000 after buying an additional 1,349 shares during the period. United Services Automobile Association acquired a new position in shares of Franklin Electric in the 1st quarter valued at $243,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Franklin Electric by 8.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 137,162 shares of the industrial products company’s stock valued at $12,877,000 after buying an additional 10,862 shares during the period. Institutional investors and hedge funds own 79.98% of the company’s stock.
Insiders Place Their Bets
In related news, insider Delancey W. Davis sold 1,900 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $100.00, for a total value of $190,000.00. Following the completion of the transaction, the insider directly owned 10,402 shares of the company’s stock, valued at approximately $1,040,200. This represents a 15.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jonathan M. Grandon sold 4,988 shares of the stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $100.02, for a total transaction of $498,899.76. Following the transaction, the insider owned 7,509 shares of the company’s stock, valued at approximately $751,050.18. This represents a 39.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 11,288 shares of company stock valued at $1,121,222. Company insiders own 2.89% of the company’s stock.
Franklin Electric Price Performance
Franklin Electric (NASDAQ:FELE – Get Free Report) last announced its earnings results on Tuesday, April 28th. The industrial products company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.06. The firm had revenue of $500.44 million during the quarter, compared to analyst estimates of $479.21 million. Franklin Electric had a net margin of 6.91% and a return on equity of 14.86%. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.67 EPS. Franklin Electric has set its FY 2026 guidance at 4.400-4.600 EPS. Research analysts predict that Franklin Electric Co., Inc. will post 4.58 earnings per share for the current fiscal year.
Franklin Electric Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, May 21st. Investors of record on Thursday, May 7th were paid a $0.28 dividend. The ex-dividend date of this dividend was Thursday, May 7th. This represents a $1.12 dividend on an annualized basis and a yield of 1.1%. Franklin Electric’s dividend payout ratio is presently 33.73%.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on FELE. Wall Street Zen raised shares of Franklin Electric from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. DA Davidson reaffirmed a “neutral” rating and issued a $100.00 target price on shares of Franklin Electric in a research note on Wednesday, April 29th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, Franklin Electric currently has a consensus rating of “Hold” and a consensus target price of $106.00.
Check Out Our Latest Report on Franklin Electric
About Franklin Electric
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.
Featured Stories
- Five stocks we like better than Franklin Electric
- Samsara Just Answered The AI Question—Is Wall Street Ready To Listen?
- IREN’s 800MW Bet Flips the AI Power Switch
- CrowdStrike Earnings Beat Sparks Selloff—Buy the Dip?
- Tesla’s EV Rebound Leaves Rivian and Lucid Facing a Tougher Investor Test
Want to see what other hedge funds are holding FELE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Franklin Electric Co., Inc. (NASDAQ:FELE – Free Report).
Receive News & Ratings for Franklin Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franklin Electric and related companies with MarketBeat.com's FREE daily email newsletter.
