21,277 Shares in Franklin Electric Co., Inc. $FELE Bought by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. bought a new position in Franklin Electric Co., Inc. (NASDAQ:FELE) during the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 21,277 shares of the industrial products company’s stock, valued at approximately $2,281,000.

Other hedge funds also recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its holdings in shares of Franklin Electric by 4.8% in the first quarter. Principal Financial Group Inc. now owns 224,135 shares of the industrial products company’s stock worth $20,659,000 after purchasing an additional 10,325 shares during the period. Seizert Capital Partners LLC purchased a new position in shares of Franklin Electric during the fourth quarter worth about $3,760,000. Gamco Investors INC. ET AL increased its position in shares of Franklin Electric by 4.4% in the first quarter. Gamco Investors INC. ET AL now owns 256,624 shares of the industrial products company’s stock worth $23,653,000 after purchasing an additional 10,858 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Franklin Electric by 58.5% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 141,338 shares of the industrial products company’s stock worth $13,027,000 after purchasing an additional 52,161 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in Franklin Electric by 116.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 147,141 shares of the industrial products company’s stock valued at $13,562,000 after purchasing an additional 79,222 shares in the last quarter. 79.98% of the stock is currently owned by institutional investors.

Franklin Electric Stock Down 1.5%

Shares of NASDAQ FELE opened at $100.56 on Friday. Franklin Electric Co., Inc. has a one year low of $89.54 and a one year high of $115.82. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.41 and a quick ratio of 1.10. The firm’s 50 day simple moving average is $105.17 and its two-hundred day simple moving average is $100.85. The stock has a market capitalization of $4.45 billion, a P/E ratio of 28.98, a PEG ratio of 1.83 and a beta of 1.04.

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

Franklin Electric Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on FELE shares. Weiss Ratings raised shares of 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 report on Wednesday, July 29th. Wall Street Zen upgraded shares of Franklin Electric from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Finally, Robert W. Baird increased their target price on Franklin Electric from $118.00 to $124.00 and gave the company a “neutral” rating in a research note on Wednesday, July 29th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $114.50.

Insider Activity at Franklin Electric

In other news, insider Jonathan M. Grandon sold 8,547 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $776,430.60. The trade was a 53.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 2.89% of the company’s stock.

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.