Franklin Electric Co., Inc. $FELE Shares Sold by Running Oak Capital LLC

Running Oak Capital LLC reduced its holdings in Franklin Electric Co., Inc. (NASDAQ:FELE) by 8.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 157,888 shares of the industrial products company’s stock after selling 14,328 shares during the period. Franklin Electric comprises 1.9% of Running Oak Capital LLC’s holdings, making the stock its 20th largest position. Running Oak Capital LLC owned about 0.35% of Franklin Electric worth $15,083,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Y Intercept Hong Kong Ltd acquired a new stake in Franklin Electric in the third quarter valued at approximately $1,181,000. AlphaQuest LLC grew its holdings in Franklin Electric by 38.7% in the third quarter. AlphaQuest LLC now owns 45,466 shares of the industrial products company’s stock valued at $4,328,000 after purchasing an additional 12,675 shares during the period. Public Sector Pension Investment Board boosted its stake in shares of Franklin Electric by 11.5% in the third quarter. Public Sector Pension Investment Board now owns 149,192 shares of the industrial products company’s stock worth $14,203,000 after acquiring an additional 15,387 shares during the last quarter. Alps Advisors Inc. boosted its stake in shares of Franklin Electric by 11.8% in the third quarter. Alps Advisors Inc. now owns 90,086 shares of the industrial products company’s stock worth $8,576,000 after acquiring an additional 9,528 shares during the last quarter. Finally, UniSuper Management Pty Ltd boosted its stake in shares of Franklin Electric by 94.3% in the third quarter. UniSuper Management Pty Ltd now owns 118,497 shares of the industrial products company’s stock worth $11,281,000 after acquiring an additional 57,518 shares during the last quarter. 79.98% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FELE has been the topic of a number of research analyst reports. DA Davidson set a $100.00 price target on Franklin Electric in a research note on Thursday, February 19th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Franklin Electric in a research note on Monday, December 29th. Finally, Wall Street Zen lowered Franklin Electric from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. Three research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Franklin Electric currently has an average rating of “Hold” and a consensus target price of $106.00.

Franklin Electric Stock Performance

Shares of NASDAQ:FELE opened at $100.71 on Monday. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.79 and a quick ratio of 1.18. The business’s 50 day moving average price is $97.46 and its 200-day moving average price is $96.77. The firm has a market capitalization of $4.45 billion, a PE ratio of 31.28, a P/E/G ratio of 1.85 and a beta of 1.07. Franklin Electric Co., Inc. has a 1 year low of $78.87 and a 1 year high of $111.53.

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

Franklin Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 19th. Shareholders of record on Thursday, February 5th were paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.1%. This is an increase from Franklin Electric’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Thursday, February 5th. Franklin Electric’s dividend payout ratio is presently 34.78%.

Insiders Place Their Bets

In related news, CEO Joseph A. Ruzynski acquired 500 shares of the stock in a transaction on Thursday, February 19th. The shares were bought at an average price of $93.34 per share, with a total value of $46,670.00. Following the completion of the purchase, the chief executive officer owned 22,722 shares of the company’s stock, valued at approximately $2,120,871.48. This represents a 2.25% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.72% of the company’s stock.

Franklin Electric 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.