Franklin Electric Co., Inc. $FELE Shares Purchased by California State Teachers Retirement System

California State Teachers Retirement System grew its stake in shares of Franklin Electric Co., Inc. (NASDAQ:FELE) by 28.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 46,130 shares of the industrial products company’s stock after buying an additional 10,276 shares during the period. California State Teachers Retirement System’s holdings in Franklin Electric were worth $4,252,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Royal Bank of Canada boosted its holdings in Franklin Electric by 81.6% in the 1st quarter. Royal Bank of Canada now owns 3,997 shares of the industrial products company’s stock worth $375,000 after acquiring an additional 1,796 shares during the period. AQR Capital Management LLC lifted its position in shares of Franklin Electric by 105.5% during the first quarter. AQR Capital Management LLC now owns 25,463 shares of the industrial products company’s stock worth $2,390,000 after purchasing an additional 13,075 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of Franklin Electric by 30.6% during the first quarter. NewEdge Advisors LLC now owns 5,760 shares of the industrial products company’s stock worth $541,000 after purchasing an additional 1,349 shares in the last quarter. United Services Automobile Association purchased a new position in Franklin Electric in the 1st quarter valued at about $243,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Franklin Electric by 8.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 137,162 shares of the industrial products company’s stock valued at $12,877,000 after purchasing an additional 10,862 shares in the last quarter. Institutional investors and hedge funds own 79.98% of the company’s stock.

Insider Transactions at Franklin Electric

In related news, insider Delancey W. Davis sold 1,900 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $100.00, for a total value of $190,000.00. Following the transaction, the insider owned 10,402 shares in the company, valued at approximately $1,040,200. This represents a 15.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jonathan M. Grandon sold 8,547 shares of the 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 transaction, the insider owned 7,509 shares in the company, valued at $776,430.60. This represents a 53.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 14,647 shares of company stock valued at $1,486,326 over the last ninety days. Company insiders own 2.89% of the company’s stock.

Analyst Ratings Changes

FELE has been the topic of several research reports. Wall Street Zen upgraded Franklin Electric from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Robert W. Baird boosted their price target on shares of Franklin Electric from $118.00 to $124.00 and gave the company a “neutral” rating in a report on Wednesday, July 29th. DA Davidson raised their target price on Franklin Electric from $100.00 to $105.00 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. Finally, Weiss Ratings raised Franklin Electric from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, July 30th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $114.50.

Franklin Electric Stock Up 0.1%

Shares of Franklin Electric stock opened at $109.46 on Friday. The company has a current ratio of 2.41, a quick ratio of 1.10 and a debt-to-equity ratio of 0.10. The company has a market cap of $4.84 billion, a P/E ratio of 31.54, a P/E/G ratio of 1.96 and a beta of 1.04. The stock has a 50-day moving average price of $104.32 and a 200 day moving average price of $100.55. Franklin Electric Co., Inc. has a 1 year low of $89.54 and a 1 year high of $115.82.

Franklin Electric (NASDAQ:FELE) last posted 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. Franklin Electric had a net margin of 7.06% and a return on equity of 15.18%. The business had revenue of $622.88 million for the quarter, compared to the consensus estimate of $605.92 million. During the same period in the prior year, the business posted $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. As a group, analysts expect that Franklin Electric Co., Inc. will post 4.65 EPS for the current fiscal year.

Franklin Electric Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Thursday, August 6th. Franklin Electric’s dividend payout ratio is presently 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.