Franklin Electric Co., Inc. $FELE Stock Sold by State of Alaska Department of Revenue

Posted by Brian Himes on Oct 22nd, 2026

State of Alaska Department of Revenue decreased its holdings in Franklin Electric Co., Inc. (NASDAQ:FELE – Free Report) by 42.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,768 shares of the industrial products company’s stock after selling 6,364 shares during the quarter. State of Alaska Department of Revenue’s holdings in Franklin Electric were worth $840,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Fort Washington Investment Advisors Inc. OH grew its position in shares of Franklin Electric by 18.4% in the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 332,387 shares of the industrial products company’s stock valued at $31,873,000 after buying an additional 51,541 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Franklin Electric by 17.3% in the third quarter. GAMMA Investing LLC now owns 2,085 shares of the industrial products company’s stock valued at $200,000 after buying an additional 308 shares during the period. Farther Finance Advisors LLC increased its stake in shares of Franklin Electric by 54.6% in the third quarter. Farther Finance Advisors LLC now owns 733 shares of the industrial products company’s stock valued at $70,000 after buying an additional 259 shares during the period. Central Pacific Bank Trust Division raised its position in shares of Franklin Electric by 19.8% during the third quarter. Central Pacific Bank Trust Division now owns 2,300 shares of the industrial products company’s stock worth $221,000 after acquiring an additional 380 shares during the last quarter. Finally, QRG Capital Management Inc. raised its position in shares of Franklin Electric by 9.6% during the second quarter. QRG Capital Management Inc. now owns 6,498 shares of the industrial products company’s stock worth $697,000 after acquiring an additional 568 shares during the last quarter. 79.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

FELE has been the topic of a number of recent analyst reports. DA Davidson reaffirmed a “neutral” rating and issued a $105.00 price objective on shares of Franklin Electric in a research note on Wednesday, September 9th. Robert W. Baird increased their target price on shares of Franklin Electric from $118.00 to $124.00 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. Wall Street Zen downgraded shares of Franklin Electric from a “buy” rating to a “hold” rating in a research report on Saturday, October 17th. Finally, Weiss Ratings upgraded shares of Franklin Electric from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 14th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $114.50.

Read Our Latest Stock Report on Franklin Electric

Franklin Electric Stock Performance

Shares of FELE opened at $101.24 on Thursday. 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 stock has a market capitalization of $4.48 billion, a P/E ratio of 29.18, a price-to-earnings-growth ratio of 1.80 and a beta of 1.03. The firm’s fifty day simple moving average is $99.25 and its two-hundred day simple moving average is $101.24. 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 issued its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.11. Franklin Electric had a return on equity of 15.18% and a net margin of 7.06%. The firm had revenue of $622.88 million during the quarter, compared to the consensus estimate of $605.92 million. During the same period last year, the business posted $1.31 EPS. The business’s revenue was up 6.0% compared to the same quarter last year. Franklin Electric has set its FY 2026 guidance at 4.500-4.700 EPS. As a group, analysts predict that Franklin Electric Co., Inc. will post 4.65 EPS for the current year.

Franklin Electric Announces Dividend

The firm also recently announced 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. The ex-dividend date was Thursday, August 6th. This represents a $1.12 annualized dividend and a dividend yield of 1.1%. Franklin Electric’s dividend payout ratio is presently 32.28%.

About Franklin Electric

(Free Report)

Franklin Electric Co, Inc (NASDAQ: FELE) designs, manufactures and distributes systems and components used to move, manage and control water and other fluids. The company serves residential, agricultural, commercial, industrial and municipal customers through products such as submersible pumps, motors, pumping systems, drives, controls, monitoring equipment and water-treatment solutions.

Its Water Systems business provides equipment for groundwater and surface-water applications, including well pumps, pressure systems, wastewater and dewatering products, and related controls and accessories.