234,374 Shares in Franklin Electric Co., Inc. $FELE Purchased by Medina Value Partners LLC

Posted by Brenda Bartman on Aug 26th, 2026

Medina Value Partners LLC bought a new stake in Franklin Electric Co., Inc. (NASDAQ:FELE – Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 234,374 shares of the industrial products company’s stock, valued at approximately $25,122,549. Franklin Electric makes up 0.0% of Medina Value Partners LLC’s investment portfolio, making the stock its 6th biggest position. Medina Value Partners LLC owned approximately 0.53% of Franklin Electric as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. BlackRock Inc. acquired a new stake in Franklin Electric in the 2nd quarter valued at $698,173,000. Morgan Stanley boosted its position in shares of Franklin Electric by 0.5% during the 4th quarter. Morgan Stanley now owns 1,790,205 shares of the industrial products company’s stock valued at $171,019,000 after purchasing an additional 8,356 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Franklin Electric by 3.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,009,687 shares of the industrial products company’s stock worth $93,059,000 after purchasing an additional 36,268 shares during the last quarter. Amundi raised its stake in shares of Franklin Electric by 25.2% during the 1st quarter. Amundi now owns 881,425 shares of the industrial products company’s stock valued at $81,225,000 after purchasing an additional 177,433 shares during the period. Finally, Bank of America Corp DE grew its holdings in shares of Franklin Electric by 11.0% during the 1st quarter. Bank of America Corp DE now owns 824,085 shares of the industrial products company’s stock valued at $75,956,000 after purchasing an additional 81,988 shares during the last quarter. Institutional investors and hedge funds own 79.98% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Stock Analysis on FELE

Franklin Electric Stock Performance

Shares of Franklin Electric stock traded down $1.58 during mid-day trading on Friday, hitting $100.56. 123,638 shares of the stock were exchanged, compared to its average volume of 312,808. Franklin Electric Co., Inc. has a 12 month low of $89.54 and a 12 month high of $115.82. The company has a market capitalization of $4.45 billion, a P/E ratio of 28.98, a P/E/G ratio of 1.84 and a beta of 1.04. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.10 and a current ratio of 2.41. The company has a 50-day simple moving average of $105.25 and a 200 day simple moving average of $100.85.

Franklin Electric (NASDAQ:FELE – Get Free Report) last announced its earnings results on Tuesday, July 28th. The industrial products company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.44 by $0.11. Franklin Electric had a net margin of 7.06% and a return on equity of 15.18%. The firm had revenue of $622.88 million for the quarter, compared to analysts’ expectations of $605.92 million. During the same quarter in the previous year, the business posted $1.31 EPS. The company’s quarterly revenue was up 6.0% on a year-over-year basis. Franklin Electric has set its FY 2026 guidance at 4.500-4.700 EPS. Sell-side analysts anticipate that Franklin Electric Co., Inc. will post 4.65 earnings per share for the current fiscal year.

Franklin Electric Announces Dividend

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

Insider Activity at Franklin Electric

In related news, insider Jonathan M. Grandon sold 8,547 shares of the stock in a transaction 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 directly owned 7,509 shares in the company, valued at approximately $776,430.60. This represents a 53.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.89% of the stock is currently owned by insiders.

Franklin Electric Company Profile

(Free Report)

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.