19,128 Shares in Franklin Electric Co., Inc. $FELE Purchased by Corient Private Wealth LP

Key Points

• Corient Private Wealth LP purchased 19,128 Franklin Electric shares worth approximately $2.05 million in the second quarter. Institutional investors collectively own about 79.98% of the company.
• Franklin Electric exceeded quarterly expectations, reporting $1.55 in EPS and $622.88 million in revenue, while revenue increased 6% year over year. The company maintained fiscal 2026 EPS guidance of $4.50–$4.70 and declared a quarterly dividend of $0.28.
• Analysts remain cautious, with a consensus “Hold” rating and an average price target of $114.50. Shares recently opened at $97.59, below the 50-day moving average of $104.84.

Corient Private Wealth LP purchased a new stake in shares of Franklin Electric Co., Inc. (NASDAQ:FELE - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 19,128 shares of the industrial products company's stock, valued at approximately $2,050,000.

Several other hedge funds have also bought and sold shares of FELE. BlackRock Inc. bought a new position in shares of Franklin Electric during the second quarter valued at approximately $698,173,000. Morgan Stanley boosted its position in shares of Franklin Electric by 0.5% in the 4th quarter. Morgan Stanley now owns 1,790,205 shares of the industrial products company's stock worth $171,019,000 after purchasing an additional 8,356 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Franklin Electric by 3.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,009,687 shares of the industrial products company's stock worth $93,059,000 after buying an additional 36,268 shares during the last quarter. Amundi increased its position in 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 buying an additional 177,433 shares in the last quarter. Finally, Bank of America Corp DE increased its position in 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 buying an additional 81,988 shares in the last quarter. Institutional investors own 79.98% of the company's stock.

Insider Buying and Selling at Franklin Electric

In other news, insider Jonathan M. Grandon sold 8,547 shares of the company's stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $103.40, for a total transaction of $883,759.80. Following the transaction, the insider directly owned 7,509 shares of the company's stock, valued at $776,430.60. This represents a 53.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.89% of the stock is owned by corporate insiders.

Franklin Electric Price Performance

Shares of FELE opened at $97.59 on Thursday. The company has a market capitalization of $4.31 billion, a P/E ratio of 28.12, a price-to-earnings-growth ratio of 1.76 and a beta of 1.02. The company has a quick ratio of 1.10, a current ratio of 2.41 and a debt-to-equity ratio of 0.10. The firm has a 50 day moving average of $104.84 and a 200 day moving average of $100.57. Franklin Electric Co., Inc. has a twelve month low of $89.54 and a twelve month high of $115.82.

Franklin Electric (NASDAQ:FELE - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $622.88 million during the quarter, compared to analyst estimates of $605.92 million. Franklin Electric had a net margin of 7.06% and a return on equity of 15.18%. The firm's revenue for the quarter 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. As a group, equities research analysts anticipate that Franklin Electric Co., Inc. will post 4.65 earnings per share for the current fiscal year.

Franklin Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Thursday, August 6th were paid a $0.28 dividend. 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 payout ratio is currently 32.28%.

Analyst Upgrades and Downgrades

FELE has been the subject of a number of recent research reports. DA Davidson lifted their price objective on Franklin Electric from $100.00 to $105.00 and gave the company a "neutral" rating in a research note on Wednesday, July 29th. Robert W. Baird raised their price target on Franklin Electric from $118.00 to $124.00 and gave the company a "neutral" rating in a report on Wednesday, July 29th. Finally, Weiss Ratings raised Franklin Electric from a "hold (c)" rating to a "hold (c+)" rating in a research report on Thursday, July 30th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently 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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