42,480 Shares in Franklin Electric Co., Inc. $FELE Acquired by Deutsche Bank AG

Key Points

• Deutsche Bank acquired 42,480 Franklin Electric shares worth approximately $4.55 million, giving it a 0.10% stake. Institutional investors collectively own 79.98% of the company.
• Franklin Electric exceeded quarterly expectations, reporting $1.55 EPS versus the $1.44 estimate and revenue of $622.88 million, up 6% year over year. Fiscal 2026 guidance is $4.50–$4.70 EPS.
• Analysts maintain a broadly neutral outlook, with a consensus “Hold” rating and a $114.50 target price. The company also declared a quarterly dividend of $0.28, equivalent to a 1.1% annual yield.

Deutsche Bank AG bought a new position in shares of Franklin Electric Co., Inc. (NASDAQ:FELE - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 42,480 shares of the industrial products company's stock, valued at approximately $4,553,000. Deutsche Bank AG owned 0.10% of Franklin Electric as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Morgan Stanley grew its holdings in Franklin Electric by 0.5% in the 4th quarter. Morgan Stanley now owns 1,790,205 shares of the industrial products company's stock valued at $171,019,000 after buying an additional 8,356 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Franklin Electric by 3.7% during the first 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 lifted its holdings in shares of Franklin Electric by 25.2% during the first quarter. Amundi now owns 881,425 shares of the industrial products company's stock worth $81,225,000 after buying an additional 177,433 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Franklin Electric by 11.0% in the first quarter. Bank of America Corp DE now owns 824,085 shares of the industrial products company's stock worth $75,956,000 after acquiring an additional 81,988 shares during the last quarter. Finally, Invesco Ltd. grew its stake in shares of Franklin Electric by 9.2% in the second quarter. Invesco Ltd. now owns 607,040 shares of the industrial products company's stock worth $54,476,000 after acquiring an additional 50,895 shares during the last quarter. Institutional investors and hedge funds own 79.98% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Robert W. Baird boosted their price target on Franklin Electric from $118.00 to $124.00 and gave the company a "neutral" rating in a research note 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. DA Davidson lifted their price objective on Franklin Electric from $100.00 to $105.00 and gave the stock a "neutral" rating in a report on Wednesday, July 29th. Finally, Wall Street Zen raised Franklin Electric from a "hold" rating to a "buy" rating in a report on Saturday, May 2nd. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $114.50.

Insider Activity at Franklin Electric

In other Franklin Electric 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 transaction, the insider directly owned 7,509 shares of the company's stock, valued at approximately $776,430.60. The trade was a 53.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.89% of the stock is currently owned by corporate insiders.

Franklin Electric Trading Down 1.3%

FELE opened at $101.82 on Wednesday. Franklin Electric Co., Inc. has a 1-year low of $89.54 and a 1-year high of $115.82. The stock has a market capitalization of $4.50 billion, a PE ratio of 29.34, a PEG ratio of 1.85 and a beta of 1.04. 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 firm has a 50-day moving average price of $105.30 and a two-hundred day moving average price of $100.90.

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, topping the consensus estimate of $1.44 by $0.11. The firm had revenue of $622.88 million for the quarter, compared to the consensus estimate of $605.92 million. Franklin Electric had a return on equity of 15.18% and a net margin of 7.06%.The business's revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the prior 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 analysts anticipate that Franklin Electric Co., Inc. will post 4.65 earnings per share for the current fiscal year.

Franklin Electric Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Thursday, August 6th were issued a $0.28 dividend. The ex-dividend date of this dividend was Thursday, August 6th. This represents a $1.12 annualized dividend and a dividend yield of 1.1%. Franklin Electric's 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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