Caisse de depot et placement du Quebec Takes $1.69 Million Position in Franklin Electric Co., Inc. $FELE

Caisse de depot et placement du Quebec purchased a new position in shares of Franklin Electric Co., Inc. (NASDAQ:FELE) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 15,800 shares of the industrial products company’s stock, valued at approximately $1,694,000.

Several other large investors also recently added to or reduced their stakes in the company. Quarry LP purchased a new stake in Franklin Electric during the third quarter valued at about $28,000. Aster Capital Management DIFC Ltd bought a new position in Franklin Electric during the fourth quarter worth about $35,000. EverSource Wealth Advisors LLC increased its stake in shares of Franklin Electric by 31.2% in the second quarter. EverSource Wealth Advisors LLC now owns 425 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 101 shares in the last quarter. Farther Finance Advisors LLC increased its stake in shares of Franklin Electric by 213.1% in the fourth quarter. Farther Finance Advisors LLC now owns 454 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 309 shares in the last quarter. Finally, Trust Co. of Vermont bought a new stake in shares of Franklin Electric in the second quarter valued at approximately $44,000. Hedge funds and other institutional investors own 79.98% of the company’s stock.

Insider Activity

In related news, insider Jonathan M. Grandon sold 8,547 shares of Franklin Electric stock in a transaction on 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 owned 7,509 shares of the company’s stock, valued at approximately $776,430.60. This trade represents a 53.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.89% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on FELE shares. Robert W. Baird upped their price target on shares of Franklin Electric from $118.00 to $124.00 and gave the company a “neutral” rating in a research note on Wednesday, July 29th. Wall Street Zen raised shares of Franklin Electric from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. DA Davidson increased their target price on Franklin Electric from $100.00 to $105.00 and gave the stock 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 analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $114.50.

Franklin Electric Price Performance

Shares of NASDAQ:FELE opened at $100.56 on Friday. The company has a 50 day moving average of $105.17 and a 200 day moving average of $100.85. The stock has a market cap of $4.45 billion, a P/E ratio of 28.98, a P/E/G ratio of 1.80 and a beta of 1.04. Franklin Electric Co., Inc. has a 12 month low of $89.54 and a 12 month high of $115.82. The company has a current ratio of 2.41, a quick ratio of 1.10 and a debt-to-equity ratio of 0.10.

Franklin Electric (NASDAQ:FELE) last posted its earnings results on Tuesday, July 28th. The industrial products company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $605.92 million. During the same period in the prior year, the company posted $1.31 EPS. The business’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, sell-side analysts forecast that Franklin Electric Co., Inc. will post 4.65 EPS for the current fiscal year.

Franklin Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Thursday, August 6th were given 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 was Thursday, August 6th. Franklin Electric’s dividend payout ratio (DPR) is 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.