6,364 Franklin Electric Co., Inc. $FELE Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue reduced its position in shares of Franklin Electric Co., Inc. (NASDAQ:FELE) by 42.1% during the third quarter, Holdings Channel reports. The institutional investor owned 8,768 shares of the industrial products company’s stock after selling 6,364 shares during the period. State of Alaska Department of Revenue’s holdings in Franklin Electric were worth $840,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Allworth Financial LP raised its holdings in shares of Franklin Electric by 28.2% in the 2nd quarter. Allworth Financial LP now owns 586 shares of the industrial products company’s stock worth $63,000 after acquiring an additional 129 shares during the last quarter. Illinois Municipal Retirement Fund lifted its position in Franklin Electric by 0.8% in the 1st quarter. Illinois Municipal Retirement Fund now owns 20,707 shares of the industrial products company’s stock valued at $1,909,000 after acquiring an additional 172 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in Franklin Electric by 21.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 977 shares of the industrial products company’s stock valued at $90,000 after purchasing an additional 175 shares during the last quarter. Hillsdale Investment Management Inc. boosted its stake in Franklin Electric by 0.3% during the 1st quarter. Hillsdale Investment Management Inc. now owns 75,800 shares of the industrial products company’s stock valued at $6,986,000 after purchasing an additional 200 shares during the last quarter. Finally, Versant Capital Management Inc increased its holdings in Franklin Electric by 66.7% during the 2nd quarter. Versant Capital Management Inc now owns 555 shares of the industrial products company’s stock worth $59,000 after purchasing an additional 222 shares in the last quarter. Institutional investors and hedge funds own 79.98% of the company’s stock.

Franklin Electric Price Performance

Shares of NASDAQ:FELE opened at $101.24 on Thursday. The company has a quick ratio of 1.10, a current ratio of 2.41 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $4.48 billion, a PE ratio of 29.18, a P/E/G ratio of 1.80 and a beta of 1.03. Franklin Electric Co., Inc. has a twelve month low of $89.54 and a twelve month high of $115.82. The company has a 50-day moving average price of $99.25 and a two-hundred day moving average price of $101.24.

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

Franklin Electric Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Weiss Ratings raised Franklin Electric from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 14th. DA Davidson reaffirmed a “neutral” rating and set a $105.00 price objective on shares of Franklin Electric in a report on Wednesday, September 9th. Robert W. Baird lifted their price objective on shares of Franklin Electric from $118.00 to $124.00 and gave the stock a “neutral” rating in a report on Wednesday, July 29th. Finally, Wall Street Zen lowered shares of Franklin Electric from a “buy” rating to a “hold” rating in a research note on Saturday, October 17th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Franklin Electric currently has an average rating of “Hold” and a consensus price target of $114.50.

About Franklin Electric

Franklin Electric Co, Inc (NASDAQ: FELE) designs, manufactures and distributes systems and components used to move, manage and control water and other fluids. The company serves residential, agricultural, commercial, industrial and municipal customers through products such as submersible pumps, motors, pumping systems, drives, controls, monitoring equipment and water-treatment solutions.

Its Water Systems business provides equipment for groundwater and surface-water applications, including well pumps, pressure systems, wastewater and dewatering products, and related controls and accessories.