Hsbc Holdings PLC Acquires Shares of 11,543 Franklin Electric Co., Inc. $FELE

Key Points

• HSBC Holdings acquired 11,543 shares of Franklin Electric, worth approximately $1.24 million, while institutional investors collectively own 79.98% of the company.
• Franklin Electric exceeded quarterly expectations, reporting $1.55 in earnings per share versus the $1.44 consensus and revenue of $622.88 million, up 6% year over year. The company maintained fiscal 2026 EPS guidance of $4.50–$4.70.
• Shares recently traded at $100.09, while analysts maintained a consensus “Hold” rating with an average price target of $114.50. Franklin Electric also pays a quarterly dividend of $0.28 per share, yielding about 1.1% annually.

Hsbc Holdings PLC bought a new stake in shares of Franklin Electric Co., Inc. (NASDAQ:FELE - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 11,543 shares of the industrial products company's stock, valued at approximately $1,238,000.

Other hedge funds also recently made changes to their positions in the company. Quarry LP bought a new position in Franklin Electric during the third quarter valued at about $28,000. Aster Capital Management DIFC Ltd purchased a new stake in Franklin Electric during the fourth quarter worth about $35,000. EverSource Wealth Advisors LLC raised its position in Franklin Electric by 31.2% in the second quarter. EverSource Wealth Advisors LLC now owns 425 shares of the industrial products company's stock worth $38,000 after acquiring an additional 101 shares during the period. Farther Finance Advisors LLC raised its position in Franklin Electric by 213.1% in the fourth quarter. Farther Finance Advisors LLC now owns 454 shares of the industrial products company's stock worth $43,000 after acquiring an additional 309 shares during the period. Finally, Trust Co. of Vermont purchased a new position in Franklin Electric in the second quarter valued at about $44,000. 79.98% of the stock is currently owned by institutional investors.

Franklin Electric Trading Down 0.5%

Shares of FELE opened at $100.09 on Tuesday. The business has a 50-day moving average of $105.09 and a 200 day moving average of $100.74. Franklin Electric Co., Inc. has a fifty-two week low of $89.54 and a fifty-two week high of $115.82. The firm has a market cap of $4.42 billion, a P/E ratio of 28.84, a price-to-earnings-growth ratio of 1.80 and a beta of 1.04. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.10 and a current ratio of 2.41.

Franklin Electric (NASDAQ:FELE - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.44 by $0.11. The business had revenue of $622.88 million for the quarter, compared to the consensus estimate of $605.92 million. Franklin Electric had a net margin of 7.06% and a return on equity of 15.18%. The company's revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.31 earnings per share. Franklin Electric has set its FY 2026 guidance at 4.500-4.700 EPS. As a group, research analysts forecast that Franklin Electric Co., Inc. will post 4.65 EPS for the current year.

Franklin Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Thursday, August 6th were paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Thursday, August 6th. Franklin Electric's dividend payout ratio is presently 32.28%.

Insider Activity at Franklin Electric

In related news, insider Jonathan M. Grandon sold 8,547 shares of the firm's stock in a transaction that occurred on Tuesday, June 9th. The shares were 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. This trade represents a 53.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.89% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on FELE. Robert W. Baird raised their price target on shares of Franklin Electric from $118.00 to $124.00 and gave the stock 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 note on Thursday, July 30th. Finally, DA Davidson upped their price objective on Franklin Electric from $100.00 to $105.00 and gave the company a "neutral" rating in a research note on Wednesday, July 29th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $114.50.

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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