234,374 Shares in Franklin Electric Co., Inc. $FELE Purchased by Medina Value Partners LLC

Medina Value Partners LLC acquired a new position in shares of Franklin Electric Co., Inc. (NASDAQ:FELE) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 234,374 shares of the industrial products company’s stock, valued at approximately $25,122,549,000. Franklin Electric comprises about 4.9% of Medina Value Partners LLC’s portfolio, making the stock its 6th biggest position.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FELE. Jupiter Topco LLC purchased a new stake in Franklin Electric during the second quarter valued at approximately $1,840,000. Hsbc Holdings PLC purchased a new position in shares of Franklin Electric in the 2nd quarter worth approximately $1,238,000. Canada Pension Plan Investment Board purchased a new position in shares of Franklin Electric in the 2nd quarter worth approximately $1,040,000. Legal & General Group Plc bought a new position in shares of Franklin Electric during the 2nd quarter valued at approximately $33,805,000. Finally, The Manufacturers Life Insurance Company bought a new position in shares of Franklin Electric during the 2nd quarter valued at approximately $2,258,000. 79.98% of the stock is currently owned by hedge funds and other institutional investors.

Franklin Electric Stock Down 1.3%

Shares of NASDAQ FELE opened at $101.82 on Wednesday. Franklin Electric Co., Inc. has a 1 year low of $89.54 and a 1 year high of $115.82. The firm has a 50-day simple moving average of $105.30 and a two-hundred day simple moving average of $100.90. The company has a market cap of $4.50 billion, a P/E ratio of 29.34, a PEG ratio of 1.85 and a beta of 1.04. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.41 and a quick ratio of 1.10.

Franklin Electric (NASDAQ:FELE) last released its earnings results on Tuesday, July 28th. The industrial products company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.44 by $0.11. Franklin Electric had a return on equity of 15.18% and a net margin of 7.06%.The firm had revenue of $622.88 million for the quarter, compared to analysts’ expectations of $605.92 million. During the same quarter in the prior year, the firm posted $1.31 earnings per share. The company’s quarterly revenue was up 6.0% on a year-over-year basis. Franklin Electric has set its FY 2026 guidance at 4.500-4.700 EPS. Research analysts anticipate that Franklin Electric Co., Inc. will post 4.65 earnings per share for the current year.

Franklin Electric Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Thursday, August 6th were paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, August 6th. Franklin Electric’s payout ratio is currently 32.28%.

Analysts Set New Price Targets

Several research firms recently weighed in on FELE. Weiss Ratings upgraded Franklin Electric from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, July 30th. DA Davidson lifted their price objective on shares of Franklin Electric from $100.00 to $105.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. Robert W. Baird boosted their price objective on shares of Franklin Electric from $118.00 to $124.00 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. Finally, Wall Street Zen raised shares of Franklin Electric from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $114.50.

Insider Transactions at Franklin Electric

In related news, insider Jonathan M. Grandon sold 8,547 shares of the business’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 completion of the sale, the insider owned 7,509 shares in the company, valued at approximately $776,430.60. The trade was a 53.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.89% of the stock is currently owned by company insiders.

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.