17,155 Shares in Franklin Electric Co., Inc. $FELE Acquired by Jupiter Topco LLC

Key Points

• Jupiter Topco LLC acquired 17,155 Franklin Electric shares worth approximately $1.84 million, while institutional investors collectively own 79.98% of FELE.
• Analysts remain neutral, with a consensus “Hold” rating and an average price target of $114.50; recent targets range from $105 to $124.
• Franklin Electric exceeded quarterly expectations, reporting $1.55 EPS and $622.88 million in revenue, up 6% year over year. The company also declared a $0.28 quarterly dividend, equivalent to a 1.1% annual yield.

Jupiter Topco LLC bought a new stake in shares of Franklin Electric Co., Inc. (NASDAQ:FELE - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 17,155 shares of the industrial products company's stock, valued at approximately $1,840,000.

A number of other large investors have also recently added to or reduced their stakes in FELE. Quarry LP bought a new position in shares of Franklin Electric in the third quarter valued at $28,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Franklin Electric during the 4th quarter valued at $35,000. EverSource Wealth Advisors LLC lifted its position in shares of Franklin Electric by 31.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 425 shares of the industrial products company's stock valued at $38,000 after acquiring an additional 101 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Franklin Electric by 213.1% during the 4th quarter. Farther Finance Advisors LLC now owns 454 shares of the industrial products company's stock worth $43,000 after acquiring an additional 309 shares in the last quarter. Finally, Trust Co. of Vermont bought a new stake in shares of Franklin Electric during the 2nd quarter worth $44,000. 79.98% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on FELE shares. Weiss Ratings raised Franklin Electric from a "hold (c)" rating to a "hold (c+)" rating in a research report on Thursday, July 30th. DA Davidson increased their price target on Franklin Electric from $100.00 to $105.00 and gave the company a "neutral" rating in a research report on Wednesday, July 29th. Finally, Robert W. Baird lifted their price target on Franklin Electric from $118.00 to $124.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 29th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Franklin Electric has a consensus rating of "Hold" and a consensus price target of $114.50.

Insiders Place Their Bets

In related news, insider Jonathan Grandon sold 8,547 shares of the 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 approximately $776,430.60. This represents a 53.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.89% of the company's stock.

Franklin Electric Trading Up 1.7%

Franklin Electric stock opened at $99.27 on Friday. The company has a 50 day moving average price of $104.64 and a 200 day moving average price of $100.50. Franklin Electric Co., Inc. has a 52 week low of $89.54 and a 52 week high of $115.82. 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 market capitalization of $4.39 billion, a price-to-earnings ratio of 28.61, a P/E/G ratio of 1.75 and a beta of 1.02.

Franklin Electric (NASDAQ:FELE - Get Free Report) last announced its 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. The company had revenue of $622.88 million for the quarter, compared to the consensus estimate of $605.92 million. Franklin Electric had a net margin of 7.06% and a return on equity of 15.18%. The company's revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.31 EPS. Franklin Electric has set its FY 2026 guidance at 4.500-4.700 EPS. Research analysts forecast that Franklin Electric Co., Inc. will post 4.65 EPS for the current year.

Franklin Electric Dividend Announcement

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