The Manufacturers Life Insurance Company Makes New $2.26 Million Investment in Franklin Electric Co., Inc. $FELE

Key Points

• The Manufacturers Life Insurance Company purchased 21,068 Franklin Electric shares worth approximately $2.26 million during the second quarter. Other institutional investors also opened positions, with institutions and hedge funds now owning 79.98% of FELE.
• Franklin Electric exceeded quarterly expectations, reporting $1.55 in earnings per share and $622.88 million in revenue, while revenue increased 6% year over year. The company maintained fiscal 2026 EPS guidance of $4.50–$4.70.
• Analysts raised price targets but maintained a consensus “Hold” rating, with an average target of $114.50. FELE was trading at $97.59, and the company recently paid a quarterly dividend of $0.28 per share.

The Manufacturers Life Insurance Company bought a new stake in shares of Franklin Electric Co., Inc. (NASDAQ:FELE - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 21,068 shares of the industrial products company's stock, valued at approximately $2,258,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Sanctuary Advisors LLC purchased a new stake in shares of Franklin Electric during the second quarter worth $518,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Franklin Electric in the second quarter valued at about $2,281,000. Meiji Yasuda Asset Management Co Ltd. purchased a new position in Franklin Electric in the second quarter valued at about $2,650,000. Quantbot Technologies LP acquired a new position in Franklin Electric in the 2nd quarter worth about $1,875,000. Finally, Orchard Capital Management LLC acquired a new position in Franklin Electric in the 2nd quarter worth about $367,000. 79.98% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Jonathan M. Grandon sold 8,547 shares of the business's stock in a transaction that occurred 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 completion of the sale, the insider directly owned 7,509 shares in the company, valued at approximately $776,430.60. The trade was a 53.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.89% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on FELE shares. DA Davidson lifted their price target on Franklin Electric from $100.00 to $105.00 and gave the company a "neutral" rating in a report on Wednesday, July 29th. Robert W. Baird raised their price objective on shares of Franklin Electric from $118.00 to $124.00 and gave the company a "neutral" rating in a research report on Wednesday, July 29th. Finally, Weiss Ratings upgraded shares of Franklin Electric from a "hold (c)" rating to a "hold (c+)" rating in a research note on Thursday, July 30th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $114.50.

Franklin Electric Trading Down 0.9%

Franklin Electric stock opened at $97.59 on Thursday. 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 $4.31 billion, a price-to-earnings ratio of 28.12, a PEG ratio of 1.76 and a beta of 1.03. Franklin Electric Co., Inc. has a one year low of $89.54 and a one year high of $115.82. The company's fifty day moving average price is $104.84 and its two-hundred day moving average price is $100.57.

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

Franklin Electric Announces Dividend

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

Franklin Electric 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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