First National Bank of Omaha purchased a new position in shares of Franklin Electric Co., Inc. (NASDAQ:FELE – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 44,578 shares of the industrial products company’s stock, valued at approximately $4,778,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Royal Bank of Canada raised its stake in shares of Franklin Electric by 81.6% during the first quarter. Royal Bank of Canada now owns 3,997 shares of the industrial products company’s stock valued at $375,000 after purchasing an additional 1,796 shares during the period. AQR Capital Management LLC grew its holdings in Franklin Electric by 105.5% during 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 purchasing an additional 13,075 shares in the last quarter. NewEdge Advisors LLC grew its holdings in Franklin Electric by 30.6% during the 1st quarter. NewEdge Advisors LLC now owns 5,760 shares of the industrial products company’s stock valued at $541,000 after purchasing an additional 1,349 shares in the last quarter. United Services Automobile Association purchased a new stake in Franklin Electric during the 1st quarter worth $243,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Franklin Electric by 8.6% during 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 worth $12,877,000 after buying an additional 10,862 shares during the period. Hedge funds and other institutional investors own 79.98% of the company’s stock.
Insider Activity
In related news, insider Jonathan M. Grandon sold 8,547 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $776,430.60. The trade was a 53.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Delancey W. Davis sold 1,900 shares of the business’s stock in a transaction that occurred 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 sale, the insider owned 10,402 shares of the company’s stock, valued at $1,040,200. This trade represents a 15.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 14,647 shares of company stock worth $1,486,326 in the last ninety days. Corporate insiders own 2.89% of the company’s stock.
Wall Street Analyst Weigh In
Read Our Latest Research Report on FELE
Franklin Electric Stock Down 2.0%
Shares of NASDAQ:FELE opened at $101.95 on Wednesday. The company has a current ratio of 2.41, a quick ratio of 1.10 and a debt-to-equity ratio of 0.10. The company has a fifty day simple moving average of $105.22 and a 200 day simple moving average of $100.84. The firm has a market cap of $4.51 billion, a PE ratio of 29.38, a price-to-earnings-growth ratio of 1.90 and a beta of 1.04. Franklin Electric Co., Inc. has a 12-month low of $89.54 and a 12-month high of $115.82.
Franklin Electric (NASDAQ:FELE – Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate 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 period in the prior year, the company posted $1.31 earnings per share. The firm’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. On average, equities research analysts anticipate that Franklin Electric Co., Inc. will post 4.65 EPS for the current fiscal year.
Franklin Electric Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Thursday, August 6th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Thursday, August 6th. Franklin Electric’s dividend payout ratio is 32.28%.
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.
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