Franklin Electric (NASDAQ:FELE) Releases Earnings Results, Beats Estimates By $0.11 EPS

Franklin Electric (NASDAQ:FELE) issued its quarterly earnings results on Tuesday. The industrial products company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.11, Briefing.com reports. Franklin Electric had a net margin of 6.91% and a return on equity of 14.86%. During the same quarter last year, the firm earned $1.31 EPS. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. Franklin Electric updated its FY 2026 guidance to 4.500-4.700 EPS.

Franklin Electric Trading Down 0.2%

FELE opened at $105.43 on Tuesday. Franklin Electric has a twelve month low of $89.54 and a twelve month high of $111.53. The company has a quick ratio of 1.14, a current ratio of 2.67 and a debt-to-equity ratio of 0.10. The company has a fifty day moving average of $102.64 and a 200-day moving average of $100.05. The stock has a market cap of $4.66 billion, a PE ratio of 31.76, a price-to-earnings-growth ratio of 1.92 and a beta of 1.03.

Franklin Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Thursday, August 6th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, August 6th. Franklin Electric’s dividend payout ratio is currently 33.73%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Wall Street Zen raised Franklin Electric from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Franklin Electric in a research report on Tuesday, June 9th. Finally, DA Davidson reissued a “neutral” rating and issued a $100.00 price target on shares of Franklin Electric in a research note on Tuesday, June 16th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $106.00.

Insiders Place Their Bets

In related news, insider Jonathan M. Grandon sold 8,547 shares of the business’s stock in a transaction on Tuesday, June 9th. The shares were 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. The trade was a 53.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Delancey W. Davis sold 1,900 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $100.00, for a total transaction of $190,000.00. Following the sale, the insider directly owned 10,402 shares in the company, valued at $1,040,200. This trade represents a 15.44% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 19,835 shares of company stock valued at $2,004,982 in the last three months. 2.89% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Quarry LP acquired a new stake in Franklin Electric during the third quarter worth approximately $28,000. Aster Capital Management DIFC Ltd bought a new stake in Franklin Electric in the fourth quarter worth approximately $35,000. EverSource Wealth Advisors LLC lifted its stake in Franklin Electric by 31.2% in the second quarter. EverSource Wealth Advisors LLC now owns 425 shares of the industrial products company’s stock valued at $38,000 after buying an additional 101 shares during the period. Kestra Advisory Services LLC bought a new position in shares of Franklin Electric during the 4th quarter worth approximately $48,000. Finally, Osaic Holdings Inc. boosted its holdings in shares of Franklin Electric by 24.3% during the 2nd quarter. Osaic Holdings Inc. now owns 608 shares of the industrial products company’s stock worth $55,000 after buying an additional 119 shares in the last quarter. 79.98% of the stock is owned by institutional investors and hedge funds.

About Franklin Electric

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.