Amundi Has $85.91 Million Stock Holdings in Franklin Electric Co., Inc. $FELE

Amundi decreased its holdings in shares of Franklin Electric Co., Inc. (NASDAQ:FELE - Free Report) by 9.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 801,210 shares of the industrial products company's stock after selling 80,215 shares during the quarter. Amundi owned about 1.81% of Franklin Electric worth $85,913,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FELE. Principal Financial Group Inc. grew its holdings in shares of Franklin Electric by 4.8% during the 1st quarter. Principal Financial Group Inc. now owns 224,135 shares of the industrial products company's stock worth $20,659,000 after purchasing an additional 10,325 shares in the last quarter. Gamco Investors INC. ET AL lifted its position in Franklin Electric by 4.4% in the first quarter. Gamco Investors INC. ET AL now owns 256,624 shares of the industrial products company's stock worth $23,653,000 after purchasing an additional 10,858 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in Franklin Electric by 116.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 147,141 shares of the industrial products company's stock worth $13,562,000 after purchasing an additional 79,222 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in Franklin Electric by 58.5% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 141,338 shares of the industrial products company's stock worth $13,027,000 after buying an additional 52,161 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in Franklin Electric by 11.0% in 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 during the period. Institutional investors and hedge funds own 79.98% of the company's stock.

Franklin Electric Stock Down 0.9%

Shares of NASDAQ FELE opened at $98.26 on Thursday. 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 business has a fifty day moving average of $104.06 and a two-hundred day moving average of $100.57. The stock has a market cap of $4.34 billion, a PE ratio of 28.32, a PEG ratio of 1.78 and a beta of 1.02.

Franklin Electric (NASDAQ:FELE - Get Free Report) last posted its earnings results on Tuesday, July 28th. The industrial products company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.11. The business had revenue of $622.88 million for 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 quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.31 EPS. Franklin Electric has set its FY 2026 guidance at 4.500-4.700 EPS. As a group, equities research analysts expect that Franklin Electric Co., Inc. will post 4.65 earnings per share for the current fiscal year.

Franklin Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th were paid 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 dividend payout ratio is currently 32.28%.

Wall Street Analysts Forecast Growth

FELE has been the subject of a number of recent research reports. Robert W. Baird increased their price objective on shares of Franklin Electric from $118.00 to $124.00 and gave the company a "neutral" rating in a research note on Wednesday, July 29th. DA Davidson reiterated a "neutral" rating and set a $105.00 target price on shares of Franklin Electric in a research report on Wednesday. Wall Street Zen cut shares of Franklin Electric from a "buy" rating to a "hold" rating in a research note on Saturday, September 5th. Finally, Weiss Ratings raised shares of Franklin Electric from a "hold (c)" rating to a "hold (c+)" rating in a research report on Thursday, July 30th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Franklin Electric currently has an average rating of "Hold" and a consensus target price of $114.50.

Franklin Electric Profile

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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