Louisiana State Employees Retirement System Takes Position in Franklin Electric Co., Inc. $FELE

Louisiana State Employees Retirement System acquired a new position in shares of Franklin Electric Co., Inc. (NASDAQ:FELE) in the 1st quarter, HoldingsChannel.com reports. The institutional investor acquired 17,000 shares of the industrial products company’s stock, valued at approximately $1,567,000.

Other hedge funds have also bought and sold shares of the company. Quarry LP bought a new stake in Franklin Electric during the third quarter valued at $28,000. Aster Capital Management DIFC Ltd acquired a new position in shares of Franklin Electric in the 4th quarter valued at about $35,000. EverSource Wealth Advisors LLC boosted its position in shares of 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 purchasing an additional 101 shares in the last quarter. Farther Finance Advisors LLC grew its position 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 worth $43,000 after buying an additional 309 shares during the period. Finally, Kestra Advisory Services LLC bought a new stake in shares of Franklin Electric in the 4th quarter valued at $48,000. Institutional investors own 79.98% of the company’s stock.

Insider Transactions at Franklin Electric

In other news, insider Jonathan M. Grandon sold 8,547 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $103.40, for a total value of $883,759.80. Following the transaction, the insider owned 7,509 shares in the company, valued at $776,430.60. This trade represents a 53.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Delancey W. Davis sold 1,900 shares of Franklin Electric stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $100.00, for a total transaction of $190,000.00. Following the transaction, the insider directly owned 10,402 shares in the company, valued at $1,040,200. This represents a 15.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 19,835 shares of company stock valued at $2,004,982 in the last quarter. Company insiders own 2.89% of the company’s stock.

Analyst Upgrades and Downgrades

FELE has been the topic of a number of research reports. Wall Street Zen upgraded shares of Franklin Electric from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Franklin Electric in a research note on Tuesday, June 9th. Finally, DA Davidson reiterated a “neutral” rating and set a $100.00 price objective on shares of Franklin Electric in a report on Tuesday, June 16th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Franklin Electric presently has an average rating of “Hold” and a consensus target price of $106.00.

Franklin Electric Stock Performance

NASDAQ FELE opened at $105.28 on Thursday. The company has a market cap of $4.65 billion, a P/E ratio of 31.71, a PEG ratio of 1.95 and a beta of 1.03. The company has a fifty day simple moving average of $101.01 and a 200 day simple moving average of $99.21. The company has a current ratio of 2.67, a quick ratio of 1.14 and a debt-to-equity ratio of 0.10. Franklin Electric Co., Inc. has a 12-month low of $88.63 and a 12-month high of $111.53.

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

Franklin Electric Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 21st. Shareholders 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 dividend on an annualized basis and a yield of 1.1%. Franklin Electric’s payout ratio is 33.73%.

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.