SG Americas Securities LLC Has $1.63 Million Stake in Franklin Electric Co., Inc. $FELE

SG Americas Securities LLC lowered its stake in Franklin Electric Co., Inc. (NASDAQ:FELE) by 66.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,655 shares of the industrial products company’s stock after selling 35,413 shares during the quarter. SG Americas Securities LLC’s holdings in Franklin Electric were worth $1,627,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Quarry LP bought a new stake in shares of Franklin Electric during the 3rd quarter valued at approximately $28,000. Aster Capital Management DIFC Ltd bought a new position in Franklin Electric in the 4th quarter valued at approximately $35,000. EverSource Wealth Advisors LLC boosted its position 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 in the last quarter. Farther Finance Advisors LLC boosted its position in Franklin Electric by 213.1% in the fourth quarter. Farther Finance Advisors LLC now owns 454 shares of the industrial products company’s stock valued at $43,000 after buying an additional 309 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new stake in shares of Franklin Electric during the fourth quarter worth $48,000. 79.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Franklin Electric news, insider Jonathan M. Grandon sold 8,547 shares of the company’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $103.40, for a total transaction of $883,759.80. Following the sale, the insider owned 7,509 shares of the company’s stock, valued at approximately $776,430.60. This represents a 53.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Delancey W. Davis sold 1,900 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $100.00, for a total value of $190,000.00. Following the sale, the insider directly owned 10,402 shares of the company’s stock, valued at $1,040,200. This represents a 15.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 19,835 shares of company stock worth $2,004,982. 2.89% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

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

Franklin Electric Trading Down 0.1%

Shares of NASDAQ FELE opened at $105.14 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.14 and a current ratio of 2.67. Franklin Electric Co., Inc. has a 52-week low of $88.63 and a 52-week high of $111.53. The firm has a 50 day moving average price of $101.09 and a two-hundred day moving average price of $99.27. The stock has a market cap of $4.65 billion, a P/E ratio of 31.67, a price-to-earnings-growth ratio of 1.91 and a beta of 1.03.

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

Franklin Electric Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 21st. Investors of record on Thursday, May 7th were given a dividend of $0.28 per share. 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 (DPR) is currently 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.