118,900 Shares in Franklin Electric Co., Inc. $FELE Bought by Ceredex Value Advisors LLC

Key Points

• Ceredex Value Advisors initiated a position in Franklin Electric by purchasing 118,900 shares worth approximately $12.7 million, representing about 0.27% of the company. Institutional investors and hedge funds collectively own 79.98% of FELE.
• Franklin Electric reported quarterly EPS of $1.55, exceeding the $1.44 consensus estimate, while revenue rose 6% year over year to $622.88 million. Management guided to fiscal 2026 EPS of $4.50–$4.70.
• Insiders recently sold shares, including transactions by Delancey W. Davis and Jonathan M. Grandon, while the company maintained its quarterly dividend at $0.28 per share, equivalent to a 1.1% annual yield. Analysts have a consensus “Hold” rating and an average price target of $114.50.

Ceredex Value Advisors LLC bought a new position in shares of Franklin Electric Co., Inc. (NASDAQ:FELE - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 118,900 shares of the industrial products company's stock, valued at approximately $12,745,000. Ceredex Value Advisors LLC owned about 0.27% of Franklin Electric at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quarry LP acquired a new stake in Franklin Electric during the 3rd quarter worth about $28,000. Aster Capital Management DIFC Ltd acquired a new position in shares of Franklin Electric in the 4th quarter valued at about $35,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Franklin Electric by 31.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 425 shares of the industrial products company's stock valued at $38,000 after buying an additional 101 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of Franklin Electric by 213.1% in the fourth quarter. Farther Finance Advisors LLC now owns 454 shares of the industrial products company's stock worth $43,000 after buying an additional 309 shares during the last quarter. Finally, Trust Co. of Vermont purchased a new stake in shares of Franklin Electric in the second quarter worth about $44,000. 79.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Delancey W. Davis sold 1,900 shares of Franklin Electric stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $100.00, for a total value of $190,000.00. Following the sale, the insider directly owned 10,402 shares in the company, valued at approximately $1,040,200. The trade was a 15.44% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, 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 sale, the insider owned 7,509 shares of the company's stock, valued at approximately $776,430.60. This trade represents a 53.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 2.89% of the company's stock.

Franklin Electric Price Performance

Shares of NASDAQ FELE opened at $103.26 on Friday. 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 firm has a fifty day moving average of $105.33 and a 200 day moving average of $100.90. The firm has a market cap of $4.57 billion, a PE ratio of 29.76, a PEG ratio of 1.87 and a beta of 1.04. Franklin Electric Co., Inc. has a one year low of $89.54 and a one year high of $115.82.

Franklin Electric (NASDAQ:FELE - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $622.88 million for the quarter, compared to the consensus estimate of $605.92 million. During the same period last year, the firm posted $1.31 earnings per share. The company'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, research analysts predict that Franklin Electric Co., Inc. will post 4.65 EPS for the current fiscal 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 paid a $0.28 dividend. The ex-dividend date of this dividend was Thursday, August 6th. This represents a $1.12 dividend on an annualized basis and a yield of 1.1%. Franklin Electric's dividend payout ratio (DPR) is currently 32.28%.

Wall Street Analyst Weigh In

FELE has been the subject of several recent research reports. Robert W. Baird lifted their price target on Franklin Electric from $118.00 to $124.00 and gave the company a "neutral" rating in a research report on Wednesday, July 29th. Weiss Ratings upgraded Franklin Electric from a "hold (c)" rating to a "hold (c+)" rating in a research report on Thursday, July 30th. Wall Street Zen upgraded Franklin Electric from a "hold" rating to a "buy" rating in a research report on Saturday, May 2nd. Finally, DA Davidson raised their price objective on shares of Franklin Electric from $100.00 to $105.00 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 data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $114.50.

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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