Insider Buying: Franklin Electric (NASDAQ:FELE) CEO Buys 500 Shares of Stock

Franklin Electric Co., Inc. (NASDAQ:FELE) CEO Joseph Ruzynski bought 500 shares of Franklin Electric stock in a transaction that occurred on Thursday, February 19th. The shares were acquired at an average price of $93.34 per share, with a total value of $46,670.00. Following the completion of the transaction, the chief executive officer owned 22,722 shares of the company’s stock, valued at $2,120,871.48. This represents a 2.25% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Franklin Electric Price Performance

Franklin Electric stock traded down $0.52 during mid-day trading on Monday, hitting $95.32. 466,455 shares of the company traded hands, compared to its average volume of 391,591. Franklin Electric Co., Inc. has a one year low of $78.87 and a one year high of $111.53. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.18 and a current ratio of 2.79. The stock has a market cap of $4.24 billion, a price-to-earnings ratio of 29.60, a price-to-earnings-growth ratio of 1.76 and a beta of 1.08. The stock has a fifty day moving average price of $100.19 and a 200-day moving average price of $97.09.

Franklin Electric (NASDAQ:FELE) last released its quarterly earnings results on Tuesday, February 17th. The industrial products company reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.02). Franklin Electric had a net margin of 6.90% and a return on equity of 14.52%. The firm had revenue of $506.86 million for the quarter, compared to analysts’ expectations of $516.25 million. During the same quarter in the previous year, the business earned $0.72 EPS. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. Franklin Electric has set its FY 2026 guidance at 4.400-4.600 EPS. On average, equities analysts predict that Franklin Electric Co., Inc. will post 4.19 earnings per share for the current fiscal year.

Franklin Electric Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 19th. Shareholders of record on Thursday, February 5th were paid a $0.28 dividend. This is a boost from Franklin Electric’s previous quarterly dividend of $0.27. This represents a $1.12 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Thursday, February 5th. Franklin Electric’s payout ratio is presently 34.78%.

Institutional Investors Weigh In On Franklin Electric

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quarry LP bought a new position in Franklin Electric in the 3rd quarter valued at approximately $28,000. Aster Capital Management DIFC Ltd purchased a new position in Franklin Electric in the 4th quarter worth about $35,000. EverSource Wealth Advisors LLC lifted its stake in Franklin Electric by 31.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 425 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 101 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of Franklin Electric by 213.1% during the 4th quarter. Farther Finance Advisors LLC now owns 454 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 309 shares during the last quarter. Finally, MAI Capital Management grew its stake in shares of Franklin Electric by 36.5% in the second quarter. MAI Capital Management now owns 490 shares of the industrial products company’s stock worth $44,000 after acquiring an additional 131 shares during the period. 79.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on FELE. Wall Street Zen cut Franklin Electric from a “buy” rating to a “hold” rating in a report on Saturday. DA Davidson set a $100.00 target price on shares of Franklin Electric in a report on Thursday. Weiss Ratings reissued a “hold (c)” rating on shares of Franklin Electric in a research report on Monday, December 29th. Finally, Robert W. Baird set a $112.00 price objective on shares of Franklin Electric in a research note on Wednesday, October 29th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $106.00.

Franklin Electric Company 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.