Vise Technologies Inc. Makes New $828,000 Investment in Franklin Electric Co., Inc. $FELE

Vise Technologies Inc. purchased a new position in shares of Franklin Electric Co., Inc. (NASDAQ:FELE) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 7,729 shares of the industrial products company’s stock, valued at approximately $828,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. First National Bank of Omaha purchased a new stake in Franklin Electric during the 2nd quarter worth approximately $4,778,000. BlackRock Inc. purchased a new position in Franklin Electric in the 2nd quarter valued at approximately $698,173,000. Deutsche Bank AG purchased a new position in Franklin Electric in the 2nd quarter valued at approximately $4,553,000. Trust Co. of Vermont acquired a new position in shares of Franklin Electric in the second quarter worth $44,000. Finally, Global Retirement Partners LLC acquired a new position in shares of Franklin Electric in the second quarter worth $130,000. Hedge funds and other institutional investors own 79.98% of the company’s stock.

Franklin Electric Stock Performance

Shares of NASDAQ:FELE opened at $104.10 on Monday. Franklin Electric Co., Inc. has a 52 week low of $89.54 and a 52 week high of $115.82. The company’s 50 day moving average is $105.34 and its two-hundred day moving average is $100.92. 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 $4.60 billion, a PE ratio of 30.00, a P/E/G ratio of 1.87 and a beta of 1.04.

Franklin Electric (NASDAQ:FELE) last announced its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.11. The business had revenue of $622.88 million for the quarter, compared to analyst estimates of $605.92 million. Franklin Electric had a net margin of 7.06% and a return on equity of 15.18%. The company’s revenue was up 6.0% on a year-over-year basis. During the same period last year, the business earned $1.31 EPS. Franklin Electric has set its FY 2026 guidance at 4.500-4.700 EPS. Equities analysts predict that Franklin Electric Co., Inc. will post 4.65 earnings per share for the current fiscal year.

Franklin Electric Announces Dividend

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 $0.28 dividend. 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 dividend payout ratio (DPR) is currently 32.28%.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other Franklin Electric news, insider Jonathan M. Grandon sold 8,547 shares of Franklin Electric stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $103.40, for a total transaction of $883,759.80. Following the completion of the sale, the insider directly owned 7,509 shares of the company’s stock, valued at $776,430.60. The trade was a 53.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Delancey W. Davis sold 1,900 shares of the company’s stock in a transaction dated 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 directly owned 10,402 shares of the company’s stock, valued at approximately $1,040,200. This represents a 15.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 2.89% of the stock is owned by company insiders.

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.