Franklin Electric (NASDAQ:FELE) Stock Passes Above 200 Day Moving Average – What’s Next?

Franklin Electric Co., Inc. (NASDAQ:FELE) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $97.84 and traded as high as $99.91. Franklin Electric shares last traded at $98.59, with a volume of 229,288 shares.

Analysts Set New Price Targets

Several research firms recently issued reports on FELE. DA Davidson reissued a “neutral” rating and issued a $100.00 target price on shares of Franklin Electric in a research note on Wednesday, April 29th. Wall Street Zen raised Franklin Electric from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Franklin Electric presently has an average rating of “Hold” and an average price target of $106.00.

Franklin Electric Stock Up 0.5%

The company has a quick ratio of 1.14, a current ratio of 2.67 and a debt-to-equity ratio of 0.10. The company’s fifty day simple moving average is $98.39 and its 200 day simple moving average is $97.88. The firm has a market capitalization of $4.35 billion, a PE ratio of 29.69, a price-to-earnings-growth ratio of 1.78 and a beta of 1.05.

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

Franklin Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Thursday, May 7th were issued a $0.28 dividend. The ex-dividend date was Thursday, May 7th. This represents a $1.12 annualized dividend and a yield of 1.1%. Franklin Electric’s dividend payout ratio (DPR) is 33.73%.

Insider Activity

In other Franklin Electric news, insider Jonathan M. Grandon sold 4,200 shares of the firm’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $98.23, for a total value of $412,566.00. Following the completion of the sale, the insider directly owned 7,509 shares in the company, valued at $737,609.07. This trade represents a 35.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Delancey W. Davis sold 1,900 shares of the firm’s 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 completion of the sale, the insider owned 10,402 shares of the company’s stock, valued at $1,040,200. This trade represents a 15.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 11,288 shares of company stock valued at $1,121,222 over the last 90 days. 2.89% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Franklin Electric

Several large investors have recently made changes to their positions in FELE. Royal Bank of Canada lifted its holdings in shares of Franklin Electric by 81.6% during the first quarter. Royal Bank of Canada now owns 3,997 shares of the industrial products company’s stock valued at $375,000 after purchasing an additional 1,796 shares during the last quarter. AQR Capital Management LLC lifted its holdings 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 valued at $2,390,000 after purchasing an additional 13,075 shares during the last quarter. NewEdge Advisors LLC lifted its holdings 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 valued at $541,000 after purchasing an additional 1,349 shares during the last quarter. United Services Automobile Association purchased a new position in shares of Franklin Electric during the first quarter valued at approximately $243,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Franklin Electric by 8.6% during the first 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 during the last quarter. 79.98% of the stock is currently owned by hedge funds and other institutional investors.

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.