Quantbot Technologies LP Acquires New Holdings in Franklin Electric Co., Inc. $FELE

Key Points

• Quantbot Technologies initiated a Franklin Electric position by purchasing 17,489 shares valued at approximately $1.875 million. Several other institutional investors also added positions, with institutional ownership reaching 79.98%.
• Analysts remain cautious: Franklin Electric has a consensus “Hold” rating and an average price target of $114.50, despite some analysts raising their targets and one upgrading the stock to “Buy.”
• Franklin Electric exceeded quarterly expectations with $1.55 in EPS and $622.88 million in revenue, while revenue rose 6% year over year. The company also declared a quarterly dividend of $0.28 per share, representing a 1.1% annualized yield.

Quantbot Technologies LP bought a new position in Franklin Electric Co., Inc. (NASDAQ:FELE - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 17,489 shares of the industrial products company's stock, valued at approximately $1,875,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Orchard Capital Management LLC bought a new stake in Franklin Electric during the 2nd quarter valued at approximately $367,000. Ieq Capital LLC bought a new position in Franklin Electric in the 2nd quarter worth approximately $819,000. OneAscent Financial Services LLC bought a new position in Franklin Electric in the 2nd quarter worth approximately $389,000. Allworth Financial LP acquired a new position in shares of Franklin Electric during the second quarter worth approximately $63,000. Finally, Ceredex Value Advisors LLC acquired a new position in shares of Franklin Electric during the second quarter worth approximately $12,745,000. Institutional investors own 79.98% of the company's stock.

Analysts Set New Price Targets

FELE has been the topic of several research analyst reports. Robert W. Baird raised their price objective 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. DA Davidson upped their target price 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. Wall Street Zen raised shares of Franklin Electric from a "hold" rating to a "buy" rating in a report on Saturday, May 2nd. Finally, 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. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $114.50.

Insider Transactions at Franklin Electric

In other news, insider Jonathan M. Grandon sold 8,547 shares of the stock in a transaction 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 owned 7,509 shares in the company, valued at approximately $776,430.60. This represents a 53.23% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.89% of the stock is owned by company insiders.

Franklin Electric Trading Down 0.9%

Franklin Electric stock opened at $103.15 on Tuesday. The business has a 50 day moving average price of $105.34 and a two-hundred day moving average price of $100.92. The company has a quick ratio of 1.10, a current ratio of 2.41 and a debt-to-equity ratio of 0.10. Franklin Electric Co., Inc. has a 12 month low of $89.54 and a 12 month high of $115.82. The stock has a market cap of $4.56 billion, a price-to-earnings ratio of 29.73, a price-to-earnings-growth ratio of 1.87 and a beta of 1.04.

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 for the quarter, topping the consensus estimate of $1.44 by $0.11. The company had revenue of $622.88 million for the quarter, compared to analyst estimates 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 for the quarter was up 6.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.31 EPS. Franklin Electric has set its FY 2026 guidance at 4.500-4.700 EPS. As a group, equities 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. Shareholders of record on Thursday, August 6th were paid 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 payout ratio is currently 32.28%.

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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