GSA Capital Partners LLP Purchases New Holdings in Franklin Electric Co., Inc. $FELE

Key Points

• GSA Capital Partners acquired 14,310 shares of Franklin Electric during the second quarter, valued at approximately $1.53 million. Institutional investors and hedge funds collectively own nearly 80% of the company.
• Franklin Electric reported quarterly EPS of $1.55, exceeding estimates of $1.44, while revenue rose 6% year over year to $622.88 million. The company guided for fiscal 2026 EPS of $4.50–$4.70.
• Insiders sold 14,647 shares worth approximately $1.49 million over the past three months, while analysts maintain a consensus “Hold” rating with an average price target of $114.50. The company also declared a quarterly dividend of $0.28 per share.

GSA Capital Partners LLP acquired a new position in Franklin Electric Co., Inc. (NASDAQ:FELE - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 14,310 shares of the industrial products company's stock, valued at approximately $1,534,000.

A number of other hedge funds have also made changes to their positions in FELE. Quarry LP purchased a new position in shares of Franklin Electric in the third quarter valued at approximately $28,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Franklin Electric in the fourth quarter worth approximately $35,000. EverSource Wealth Advisors LLC increased its position in shares of Franklin Electric by 31.2% during the second quarter. EverSource Wealth Advisors LLC now owns 425 shares of the industrial products company's stock worth $38,000 after purchasing an additional 101 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of Franklin Electric by 213.1% during the fourth 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 in the last quarter. Finally, Kestra Advisory Services LLC acquired a new position in Franklin Electric in the 4th quarter valued at $48,000. Institutional investors and hedge funds own 79.98% of the company's stock.

Insider Activity at Franklin Electric

In related news, insider Delancey W. Davis sold 1,900 shares of the company's stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $100.00, for a total value of $190,000.00. Following the transaction, the insider directly owned 10,402 shares in the company, valued at approximately $1,040,200. This represents a 15.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jonathan M. Grandon sold 8,547 shares of the stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $103.40, for a total value of $883,759.80. Following the transaction, the insider owned 7,509 shares of the company's stock, valued at approximately $776,430.60. This represents a 53.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 14,647 shares of company stock valued at $1,486,326. Corporate insiders own 2.89% of the company's stock.

Franklin Electric Price Performance

NASDAQ FELE opened at $105.77 on Monday. The business's fifty day simple moving average is $105.15 and its 200-day simple moving average is $100.78. 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 market cap of $4.68 billion, a PE ratio of 30.48, a P/E/G ratio of 1.90 and a beta of 1.04. Franklin Electric Co., Inc. has a 52 week low of $89.54 and a 52 week 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 (EPS) for the quarter, beating analysts' consensus estimates of $1.44 by $0.11. Franklin Electric had a net margin of 7.06% and a return on equity of 15.18%. The firm had revenue of $622.88 million during the quarter, compared to analyst estimates of $605.92 million. During the same quarter in the prior year, the firm posted $1.31 earnings per share. Franklin Electric's quarterly revenue was up 6.0% on a year-over-year basis. 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 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 paid a $0.28 dividend. The ex-dividend date of this dividend is Thursday, August 6th. This represents a $1.12 annualized dividend and a dividend yield of 1.1%. Franklin Electric's dividend payout ratio is 32.28%.

Wall Street Analyst Weigh In

FELE has been the topic of a number of research reports. Robert W. Baird raised their price objective on Franklin Electric from $118.00 to $124.00 and gave the company a "neutral" rating in a report on Wednesday, July 29th. DA Davidson increased their target price on shares of Franklin Electric from $100.00 to $105.00 and gave the company a "neutral" rating in a research report on Wednesday, July 29th. 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. Finally, Wall Street Zen raised shares of Franklin Electric from a "hold" rating to a "buy" rating in a research note on Saturday, May 2nd. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $114.50.

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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