JPMorgan Chase & Co. Acquires 113,962 Shares of Franklin Electric Co., Inc. $FELE

Key Points

• JPMorgan increased its stake in Franklin Electric by 124.3% in Q3, buying 113,962 shares to hold 205,617 shares (about 0.46%) valued at ~$19.6M, while institutional investors now own roughly 80% of the company.
• Franklin Electric missed recent quarterly estimates (EPS $0.87 vs. $0.89; revenue $506.9M vs. $516.3M) but issued FY2026 guidance of 4.400–4.600 EPS
• The stock has a market cap of ~$4.13B and a P/E of 29.01, recently raised its quarterly dividend to $0.28 (1.2% yield), and carries a consensus Hold rating with an average target of $106.00.

JPMorgan Chase & Co. increased its holdings in Franklin Electric Co., Inc. (NASDAQ:FELE - Free Report) by 124.3% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 205,617 shares of the industrial products company's stock after purchasing an additional 113,962 shares during the period. JPMorgan Chase & Co. owned approximately 0.46% of Franklin Electric worth $19,575,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. First Trust Advisors LP lifted its stake in Franklin Electric by 4.8% in the third quarter. First Trust Advisors LP now owns 1,626,797 shares of the industrial products company's stock worth $154,871,000 after purchasing an additional 74,700 shares during the last quarter. Amundi grew its stake in shares of Franklin Electric by 134.8% during the third quarter. Amundi now owns 624,481 shares of the industrial products company's stock valued at $59,424,000 after buying an additional 358,517 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Franklin Electric by 9.2% in the second quarter. Invesco Ltd. now owns 607,040 shares of the industrial products company's stock worth $54,476,000 after buying an additional 50,895 shares during the period. Norges Bank bought a new stake in shares of Franklin Electric in the 2nd quarter valued at about $45,701,000. Finally, Qube Research & Technologies Ltd lifted its stake in shares of Franklin Electric by 70.1% in the 2nd quarter. Qube Research & Technologies Ltd now owns 486,523 shares of the industrial products company's stock valued at $43,661,000 after acquiring an additional 200,545 shares during the last quarter. Institutional investors own 79.98% of the company's stock.

Franklin Electric Price Performance

FELE stock opened at $93.42 on Thursday. The stock has a market capitalization of $4.13 billion, a price-to-earnings ratio of 29.01, a PEG ratio of 1.71 and a beta of 1.07. The firm's 50-day moving average price is $98.72 and its two-hundred day moving average price is $96.80. The company has a current ratio of 2.79, a quick ratio of 1.18 and a debt-to-equity ratio of 0.10. Franklin Electric Co., Inc. has a 12-month low of $78.87 and a 12-month high of $111.53.

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

Franklin Electric Increases Dividend

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

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on FELE. Weiss Ratings restated a "hold (c)" rating on shares of Franklin Electric in a research report on Monday, December 29th. Wall Street Zen downgraded Franklin Electric from a "buy" rating to a "hold" rating in a research report on Saturday, February 21st. Finally, DA Davidson set a $100.00 price objective on Franklin Electric in a research note on Thursday, February 19th. Three analysts have rated the stock with a Hold rating, According to MarketBeat, Franklin Electric presently has a consensus rating of "Hold" and an average target price of $106.00.

Insider Activity

In other Franklin Electric news, CEO Joseph A. Ruzynski bought 500 shares of Franklin Electric stock in a transaction dated 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 purchase, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.72% of the company's stock.

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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