Franklin Electric Co., Inc. $FELE Shares Purchased by California State Teachers Retirement System

Key Points

• California State Teachers Retirement System increased its Franklin Electric stake by 28.7% in the first quarter, bringing its holdings to 46,130 shares worth approximately $4.25 million. Institutional investors collectively own 79.98% of the company.
• Franklin Electric exceeded quarterly expectations, reporting $1.55 in EPS versus the $1.44 consensus and revenue of $622.88 million, up 6% year over year. The company guided to fiscal 2026 EPS of $4.50–$4.70.
• Analysts maintain a generally neutral view, with a consensus “Hold” rating and a $114.50 target price. The company also declared a quarterly dividend of $0.28 per share, equal to a 1.0% annualized yield.

California State Teachers Retirement System raised its stake in Franklin Electric Co., Inc. (NASDAQ:FELE - Free Report) by 28.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 46,130 shares of the industrial products company's stock after purchasing an additional 10,276 shares during the period. California State Teachers Retirement System owned 0.10% of Franklin Electric worth $4,252,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FELE. Quarry LP purchased a new position in shares of Franklin Electric in the 3rd quarter valued at $28,000. Aster Capital Management DIFC Ltd purchased a new stake in shares of Franklin Electric in the 4th quarter valued at about $35,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Franklin Electric by 31.2% in the second 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 period. Farther Finance Advisors LLC boosted its stake in 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 purchasing an additional 309 shares during the period. Finally, Kestra Advisory Services LLC acquired a new position in Franklin Electric in the 4th quarter valued at about $48,000. Institutional investors and hedge funds own 79.98% of the company's stock.

Insider Buying and Selling at Franklin Electric

In related news, insider Jonathan M. Grandon sold 8,547 shares of the stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $103.40, for a total value of $883,759.80. Following 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 available at this hyperlink. Also, insider Delancey W. Davis sold 1,900 shares of the firm's stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $100.00, for a total transaction of $190,000.00. Following the transaction, the insider owned 10,402 shares of the company's stock, valued at $1,040,200. This trade represents a 15.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 14,647 shares of company stock valued at $1,486,326 in the last ninety days. Corporate insiders own 2.89% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on FELE shares. Weiss Ratings upgraded shares of Franklin Electric from a "hold (c)" rating to a "hold (c+)" rating in a research report on Thursday, July 30th. Robert W. Baird upped their price objective on Franklin Electric from $118.00 to $124.00 and gave the stock a "neutral" rating in a report on Wednesday, July 29th. Wall Street Zen upgraded shares of Franklin Electric from a "hold" rating to a "buy" rating in a report on Saturday, May 2nd. Finally, DA Davidson raised their price objective on shares of Franklin Electric from $100.00 to $105.00 and gave the company a "neutral" rating in a research note on Wednesday, July 29th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Franklin Electric has an average rating of "Hold" and a consensus target price of $114.50.

Franklin Electric Stock Performance

FELE opened at $109.46 on Friday. The stock has a market cap of $4.84 billion, a P/E ratio of 31.54, a P/E/G ratio of 1.96 and a beta of 1.04. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.41 and a quick ratio of 1.10. The stock's 50 day simple moving average is $104.32 and its 200 day simple moving average is $100.55. Franklin Electric Co., Inc. has a 1-year low of $89.54 and a 1-year high of $115.82.

Franklin Electric (NASDAQ:FELE - Get Free Report) last issued 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 during the quarter, compared to analysts' expectations of $605.92 million. Franklin Electric had a return on equity of 15.18% and a net margin of 7.06%.Franklin Electric's revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.31 earnings per share. 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 EPS for the current fiscal year.

Franklin Electric Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Thursday, August 6th will be given a $0.28 dividend. The ex-dividend date is Thursday, August 6th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.0%. Franklin Electric's dividend payout ratio (DPR) is currently 32.28%.

Franklin Electric Company 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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