Franklin Electric Co., Inc. $FELE Shares Acquired by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management boosted its stake in Franklin Electric by 79% to 375,251 shares (about 0.84% of the company) valued at roughly $35.85 million, and institutional investors now own about 79.98% of the stock.
• Franklin Electric's latest quarter slightly missed estimates—EPS $0.87 vs. $0.89 and revenue $506.9M vs. $516.3M—but revenue was up 4.4% year-over-year and the company issued FY2026 guidance of $4.40–$4.60 EPS (analysts expect ~4.19 EPS).
• The company raised its quarterly dividend to $0.28 (annualized $1.12, yield ~1.2%), and CEO Joseph A. Ruzynski bought 500 shares, with corporate insiders owning about 2.72% of the stock.

Assenagon Asset Management S.A. increased its position in shares of Franklin Electric Co., Inc. (NASDAQ:FELE - Free Report) by 79.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 375,251 shares of the industrial products company's stock after acquiring an additional 165,646 shares during the period. Assenagon Asset Management S.A. owned approximately 0.84% of Franklin Electric worth $35,848,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Royal Bank of Canada boosted its position in shares of Franklin Electric by 81.6% during the 1st quarter. Royal Bank of Canada now owns 3,997 shares of the industrial products company's stock valued at $375,000 after purchasing an additional 1,796 shares in the last quarter. AQR Capital Management LLC grew its position in Franklin Electric by 105.5% in the first quarter. AQR Capital Management LLC now owns 25,463 shares of the industrial products company's stock worth $2,390,000 after buying an additional 13,075 shares during the last quarter. NewEdge Advisors LLC grew its position in Franklin Electric by 30.6% in the first quarter. NewEdge Advisors LLC now owns 5,760 shares of the industrial products company's stock worth $541,000 after buying an additional 1,349 shares during the last quarter. United Services Automobile Association bought a new position in shares of Franklin Electric in the first quarter valued at $243,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Franklin Electric by 8.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 137,162 shares of the industrial products company's stock valued at $12,877,000 after buying an additional 10,862 shares in the last quarter. 79.98% of the stock is currently owned by institutional investors.

Franklin Electric Stock Up 0.0%

FELE stock opened at $93.42 on Thursday. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.79 and a quick ratio of 1.18. The firm has a market capitalization of $4.13 billion, a P/E ratio of 29.01, a P/E/G ratio of 1.71 and a beta of 1.07. Franklin Electric Co., Inc. has a 52-week low of $78.87 and a 52-week high of $111.53. The company's 50 day simple moving average is $98.72 and its 200-day simple moving average is $96.80.

Franklin Electric (NASDAQ:FELE - Get Free Report) last posted its quarterly earnings data on Tuesday, February 17th. The industrial products company reported $0.87 EPS for the quarter, missing analysts' consensus estimates of $0.89 by ($0.02). Franklin Electric had a return on equity of 14.52% and a net margin of 6.90%.The firm had revenue of $506.86 million during the quarter, compared to analyst estimates of $516.25 million. During the same period in the prior year, the business posted $0.72 EPS. The company's revenue for the quarter was up 4.4% on a year-over-year basis. Franklin Electric has set its FY 2026 guidance at 4.400-4.600 EPS. As a group, equities research analysts anticipate that Franklin Electric Co., Inc. will post 4.19 EPS for the current year.

Franklin Electric Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 19th. Stockholders of record on Thursday, February 5th were issued a dividend of $0.28 per share. This is a positive change from Franklin Electric's previous quarterly dividend of $0.27. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Thursday, February 5th. Franklin Electric's dividend payout ratio is presently 34.78%.

Insider Buying and Selling at Franklin Electric

In other Franklin Electric news, CEO Joseph A. Ruzynski purchased 500 shares of the company's stock in a transaction that occurred on Thursday, February 19th. The shares were purchased at an average cost of $93.34 per share, with a total value of $46,670.00. Following the completion of the transaction, the chief executive officer owned 22,722 shares of the company's stock, valued at approximately $2,120,871.48. This represents a 2.25% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 2.72% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Wall Street Zen lowered Franklin Electric from a "buy" rating to a "hold" rating in a research note on Saturday, February 21st. DA Davidson set a $100.00 target price on Franklin Electric in a research report on Thursday, February 19th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Franklin Electric in a report on Monday, December 29th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Franklin Electric currently has a consensus rating of "Hold" and a consensus target price of $106.00.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.