King Luther Capital Management Corp Reduces Stake in Franklin Electric Co., Inc. $FELE

King Luther Capital Management Corp lowered its position in Franklin Electric Co., Inc. (NASDAQ:FELE) by 0.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,026,761 shares of the industrial products company’s stock after selling 8,720 shares during the period. King Luther Capital Management Corp owned approximately 2.31% of Franklin Electric worth $98,086,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Amundi boosted its position in Franklin Electric by 134.8% in the 3rd quarter. Amundi now owns 624,481 shares of the industrial products company’s stock worth $59,424,000 after purchasing an additional 358,517 shares in the last quarter. Fort Washington Investment Advisors Inc. OH purchased a new stake in Franklin Electric in the 4th quarter worth approximately $27,266,000. Segall Bryant & Hamill LLC purchased a new stake in Franklin Electric in the 3rd quarter worth approximately $24,223,000. Qube Research & Technologies Ltd boosted its position in Franklin Electric by 70.1% in the 2nd quarter. Qube Research & Technologies Ltd now owns 486,523 shares of the industrial products company’s stock worth $43,661,000 after purchasing an additional 200,545 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in Franklin Electric by 79.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 375,251 shares of the industrial products company’s stock worth $35,848,000 after purchasing an additional 165,646 shares in the last quarter. Hedge funds and other institutional investors own 79.98% of the company’s stock.

Insider Buying and Selling

In related 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 value of $498,899.76. Following the completion of the transaction, the insider directly owned 7,509 shares of the company’s stock, valued at approximately $751,050.18. This represents a 39.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.89% of the company’s stock.

Franklin Electric Trading Up 2.4%

Shares of NASDAQ:FELE opened at $100.65 on Wednesday. Franklin Electric Co., Inc. has a 1 year low of $84.31 and a 1 year high of $111.53. The firm has a market capitalization of $4.45 billion, a price-to-earnings ratio of 30.32, a price-to-earnings-growth ratio of 1.79 and a beta of 1.07. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.67 and a quick ratio of 1.14. The business’s 50 day moving average price is $97.27 and its 200-day moving average price is $97.66.

Franklin Electric (NASDAQ:FELE) last announced its earnings results on Tuesday, April 28th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 quarter last year, the firm posted $0.67 EPS. 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. On average, equities research analysts forecast that Franklin Electric Co., Inc. will post 4.58 earnings per share for the current fiscal year.

Franklin Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Investors of record on Thursday, May 7th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, May 7th. Franklin Electric’s dividend payout ratio is currently 33.73%.

Wall Street Analyst Weigh In

Several research firms have commented on FELE. DA Davidson restated a “neutral” rating and issued a $100.00 price objective on shares of Franklin Electric in a research report on Wednesday, April 29th. Wall Street Zen upgraded 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, the company has an average rating of “Hold” and a consensus price target 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.