Boston Trust Walden Corp Reduces Position in Franklin Electric Co., Inc. $FELE

Boston Trust Walden Corp trimmed its position in Franklin Electric Co., Inc. (NASDAQ:FELE) by 27.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 415,952 shares of the industrial products company’s stock after selling 158,305 shares during the quarter. Boston Trust Walden Corp’s holdings in Franklin Electric were worth $38,338,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of FELE. Morgan Stanley raised its stake in shares of Franklin Electric by 0.5% during the fourth quarter. Morgan Stanley now owns 1,790,205 shares of the industrial products company’s stock worth $171,019,000 after purchasing an additional 8,356 shares during the last quarter. First Trust Advisors LP raised its stake in Franklin Electric by 4.8% in the 3rd quarter. First Trust Advisors LP now owns 1,626,797 shares of the industrial products company’s stock valued at $154,871,000 after purchasing an additional 74,700 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Franklin Electric by 2.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 973,419 shares of the industrial products company’s stock valued at $92,997,000 after purchasing an additional 24,027 shares during the last quarter. Amundi lifted its holdings in Franklin Electric by 12.7% in the 4th quarter. Amundi now owns 703,992 shares of the industrial products company’s stock valued at $67,243,000 after purchasing an additional 79,511 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in Franklin Electric by 9.2% in the 2nd quarter. Invesco Ltd. now owns 607,040 shares of the industrial products company’s stock valued at $54,476,000 after purchasing an additional 50,895 shares in the last quarter. 79.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Jonathan M. Grandon sold 8,547 shares of the company’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $103.40, for a total value of $883,759.80. Following the sale, 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 document filed with the SEC, which can be accessed through this hyperlink. Also, insider Delancey W. Davis sold 1,900 shares of the stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $100.00, for a total transaction of $190,000.00. Following the transaction, the insider directly owned 10,402 shares in the company, valued at $1,040,200. The trade was a 15.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 19,835 shares of company stock valued at $2,004,982 in the last three months. Insiders own 2.89% of the company’s stock.

Franklin Electric Stock Performance

Franklin Electric stock opened at $105.14 on Friday. The stock has a market cap of $4.65 billion, a P/E ratio of 31.67, a price-to-earnings-growth ratio of 1.91 and a beta of 1.03. The company has a current ratio of 2.67, a quick ratio of 1.14 and a debt-to-equity ratio of 0.10. The stock has a 50 day moving average of $101.21 and a 200-day moving average of $99.31. Franklin Electric Co., Inc. has a 52 week low of $88.63 and a 52 week high of $111.53.

Franklin Electric (NASDAQ:FELE) last issued its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.06. The business had revenue of $500.44 million during the quarter, compared to analyst estimates of $479.21 million. Franklin Electric had a net margin of 6.91% and a return on equity of 14.86%. The business’s revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.67 earnings per share. Franklin Electric has set its FY 2026 guidance at 4.400-4.600 EPS. On average, analysts expect that Franklin Electric Co., Inc. will post 4.58 EPS for the current fiscal year.

Franklin Electric Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 21st. Stockholders of record on Thursday, May 7th were given a $0.28 dividend. The ex-dividend date of this dividend was Thursday, May 7th. This represents a $1.12 annualized dividend and a dividend yield of 1.1%. Franklin Electric’s payout ratio is presently 33.73%.

Wall Street Analyst Weigh In

FELE has been the subject of a number of recent research reports. Wall Street Zen upgraded shares of Franklin Electric from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of Franklin Electric in a research note on Tuesday, June 9th. Finally, DA Davidson restated a “neutral” rating and set a $100.00 target price on shares of Franklin Electric in a research report on Tuesday, June 16th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Franklin Electric presently has a consensus rating of “Hold” and an average price target of $106.00.

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.