Fideuram Intesa Sanpaolo Private Banking S.P.A. Invests $1.56 Million in Franklin Electric Co., Inc. $FELE

Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in Franklin Electric Co., Inc. (NASDAQ:FELE) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 16,355 shares of the industrial products company’s stock, valued at approximately $1,562,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. First Trust Advisors LP raised its stake in shares of Franklin Electric by 4.8% in the third quarter. First Trust Advisors LP now owns 1,626,797 shares of the industrial products company’s stock worth $154,871,000 after purchasing an additional 74,700 shares during the last quarter. Amundi increased its position in shares of Franklin Electric by 134.8% during the third quarter. Amundi now owns 624,481 shares of the industrial products company’s stock valued at $59,424,000 after acquiring an additional 358,517 shares during the last quarter. Invesco Ltd. increased its position in shares of Franklin Electric by 9.2% during the second quarter. Invesco Ltd. now owns 607,040 shares of the industrial products company’s stock valued at $54,476,000 after acquiring an additional 50,895 shares during the last quarter. Qube Research & Technologies Ltd increased its position in shares of Franklin Electric by 70.1% during the second quarter. Qube Research & Technologies Ltd now owns 486,523 shares of the industrial products company’s stock valued at $43,661,000 after acquiring an additional 200,545 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its position in shares of Franklin Electric by 79.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 375,251 shares of the industrial products company’s stock valued at $35,848,000 after acquiring an additional 165,646 shares during the last quarter. 79.98% of the stock is owned by hedge funds and other institutional investors.

Franklin Electric Stock Performance

Shares of FELE opened at $96.68 on Friday. The company has a current ratio of 2.67, a quick ratio of 1.14 and a debt-to-equity ratio of 0.10. The stock has a 50 day moving average of $96.84 and a 200 day moving average of $97.56. Franklin Electric Co., Inc. has a 12 month low of $83.42 and a 12 month high of $111.53. The company has a market capitalization of $4.27 billion, a price-to-earnings ratio of 29.12, a PEG ratio of 1.77 and a beta of 1.07.

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

Franklin Electric Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 21st. Stockholders of record on Thursday, May 7th were paid a dividend of $0.28 per share. The ex-dividend date was Thursday, May 7th. This represents a $1.12 annualized dividend and a dividend yield of 1.2%. Franklin Electric’s dividend payout ratio is presently 33.73%.

Analyst Ratings Changes

A number of analysts recently commented on FELE shares. DA Davidson reaffirmed a “neutral” rating and set a $100.00 price target on shares of Franklin Electric in a research report on Wednesday, April 29th. Wall Street Zen raised Franklin Electric from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $106.00.

Insider Buying and Selling at Franklin Electric

In other news, insider Jonathan M. Grandon sold 4,988 shares of the stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $100.02, for a total transaction of $498,899.76. Following the completion of the transaction, the insider owned 7,509 shares in the company, valued at approximately $751,050.18. This represents a 39.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.89% of the company’s stock.

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.