Hsbc Holdings PLC Decreases Stock Holdings in Franklin Electric Co., Inc. $FELE

Key Points

• HSBC Holdings cut its Franklin Electric position by 57.4% in the second quarter, selling 15,526 shares and retaining 11,543 shares valued at approximately $1.24 million.
• Franklin Electric exceeded quarterly expectations, reporting $1.55 in EPS versus a $1.44 consensus estimate and revenue of $622.88 million, up 6% year over year. The company guided to fiscal 2026 EPS of $4.50–$4.70.
• The stock was trading near $97.83, while analysts maintained a consensus “Hold” rating and a $114.50 price target. Franklin Electric also declared a quarterly dividend of $0.28 per share, representing a 1.1% annualized yield.

Hsbc Holdings PLC reduced its position in Franklin Electric Co., Inc. (NASDAQ:FELE - Free Report) by 57.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,543 shares of the industrial products company's stock after selling 15,526 shares during the period. Hsbc Holdings PLC's holdings in Franklin Electric were worth $1,238,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of FELE. BlackRock Inc. purchased a new position in Franklin Electric in the second quarter worth $698,173,000. Morgan Stanley lifted its holdings in shares of Franklin Electric by 0.5% during the 4th quarter. Morgan Stanley now owns 1,790,205 shares of the industrial products company's stock valued at $171,019,000 after purchasing an additional 8,356 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Franklin Electric by 3.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,009,687 shares of the industrial products company's stock valued at $93,059,000 after purchasing an additional 36,268 shares during the last quarter. Amundi boosted its position in shares of Franklin Electric by 25.2% in the 1st quarter. Amundi now owns 881,425 shares of the industrial products company's stock worth $81,225,000 after purchasing an additional 177,433 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in shares of 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 worth $75,956,000 after purchasing an additional 81,988 shares in the last quarter. Hedge funds and other institutional investors own 79.98% of the company's stock.

Franklin Electric Trading Up 0.7%

NASDAQ FELE opened at $97.83 on Friday. Franklin Electric Co., Inc. has a 1 year low of $89.54 and a 1 year high of $115.82. 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 company has a market capitalization of $4.33 billion, a PE ratio of 28.19, a P/E/G ratio of 1.75 and a beta of 1.02. The company has a fifty day moving average of $103.76 and a 200 day moving average of $100.56.

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

Franklin Electric Announces Dividend

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

Analysts Set New Price Targets

Several brokerages recently issued reports on FELE. Wall Street Zen lowered Franklin Electric from a "buy" rating to a "hold" rating in a research report on Saturday, September 5th. DA Davidson reissued a "neutral" rating and issued a $105.00 price target on shares of Franklin Electric in a report on Wednesday. Robert W. Baird boosted their price target on Franklin Electric from $118.00 to $124.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 29th. Finally, Weiss Ratings upgraded shares of Franklin Electric from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday, July 30th. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Franklin Electric has a consensus rating of "Hold" and a consensus price target of $114.50.

Franklin Electric Profile

Franklin Electric Co, Inc designs, manufactures and distributes systems and components used to move, manage and control water and other fluids. Its products include submersible motors, pumps, drives, controls, pumping equipment, water-treatment systems and related accessories for residential, agricultural, commercial and municipal applications.

The company also supplies equipment for the fueling industry through products such as underground fuel pumps, piping systems, fuel-management equipment and leak-detection technologies.

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