Intech Investment Management LLC Sells 9,653 Shares of Franklin Electric Co., Inc. $FELE

Intech Investment Management LLC trimmed its holdings in Franklin Electric Co., Inc. (NASDAQ:FELE) by 24.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 30,627 shares of the industrial products company’s stock after selling 9,653 shares during the quarter. Intech Investment Management LLC’s holdings in Franklin Electric were worth $2,916,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Royal Bank of Canada grew its position in Franklin Electric by 81.6% in the 1st quarter. Royal Bank of Canada now owns 3,997 shares of the industrial products company’s stock valued at $375,000 after acquiring an additional 1,796 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of Franklin Electric by 105.5% during the first quarter. AQR Capital Management LLC now owns 25,463 shares of the industrial products company’s stock valued at $2,390,000 after purchasing an additional 13,075 shares during the period. NewEdge Advisors LLC grew its holdings in shares of Franklin Electric by 30.6% in the first quarter. NewEdge Advisors LLC now owns 5,760 shares of the industrial products company’s stock worth $541,000 after purchasing an additional 1,349 shares during the last quarter. United Services Automobile Association purchased a new position in Franklin Electric in the 1st quarter worth about $243,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Franklin Electric by 8.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 137,162 shares of the industrial products company’s stock valued at $12,877,000 after buying an additional 10,862 shares in the last quarter. Hedge funds and other institutional investors own 79.98% of the company’s stock.

Franklin Electric Stock Performance

Shares of Franklin Electric stock opened at $99.49 on Tuesday. The company has a market capitalization of $4.40 billion, a PE ratio of 30.90, a P/E/G ratio of 1.83 and a beta of 1.07. The company has a 50-day simple moving average of $100.30 and a two-hundred day simple moving average of $97.24. Franklin Electric Co., Inc. has a one year low of $78.87 and a one year high of $111.53. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.18 and a current ratio of 2.79.

Franklin Electric (NASDAQ:FELE) last issued its quarterly earnings data on Tuesday, February 17th. The industrial products company reported $0.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.02). Franklin Electric had a return on equity of 14.52% and a net margin of 6.90%.The firm had revenue of $506.86 million during the quarter, compared to analysts’ expectations of $516.25 million. During the same period in the previous year, the firm earned $0.72 EPS. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. Franklin Electric has set its FY 2026 guidance at 4.400-4.600 EPS. Research analysts expect that Franklin Electric Co., Inc. will post 4.19 EPS for the current fiscal year.

Franklin Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 19th. Stockholders of record on Thursday, February 5th were issued a dividend of $0.28 per share. The ex-dividend date was Thursday, February 5th. This represents a $1.12 annualized dividend and a dividend yield of 1.1%. This is a boost from Franklin Electric’s previous quarterly dividend of $0.27. Franklin Electric’s dividend payout ratio (DPR) is currently 34.78%.

Insider Activity at Franklin Electric

In other Franklin Electric news, CEO Joseph A. Ruzynski acquired 500 shares of the stock in a transaction dated Thursday, February 19th. The stock was purchased at an average price of $93.34 per share, with a total value of $46,670.00. Following the transaction, the chief executive officer directly owned 22,722 shares of the company’s stock, valued at $2,120,871.48. This trade represents a 2.25% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.72% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Wall Street Zen cut shares of Franklin Electric from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. DA Davidson set a $100.00 price target on shares of Franklin Electric in a research note on Thursday, February 19th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Franklin Electric in a report on Monday, December 29th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Franklin Electric currently has a consensus rating of “Hold” and an average price target of $106.00.

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.