Franklin Electric (NASDAQ:FELE) Releases Quarterly Earnings Results, Beats Expectations By $0.06 EPS

Franklin Electric (NASDAQ:FELE) issued its quarterly earnings results on Tuesday. The industrial products company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.77 by $0.06, FiscalAI reports. Franklin Electric had a net margin of 6.90% and a return on equity of 14.52%. The company had revenue of $500.44 million during the quarter, compared to analysts’ expectations of $479.21 million. During the same quarter in the previous year, the company earned $0.67 EPS. Franklin Electric’s revenue was up 9.9% on a year-over-year basis. Franklin Electric updated its FY 2026 guidance to 4.400-4.600 EPS.

Franklin Electric Stock Down 3.3%

FELE traded down $3.44 during trading on Tuesday, reaching $100.07. The company had a trading volume of 76,085 shares, compared to its average volume of 346,920. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.79 and a quick ratio of 1.18. Franklin Electric has a 12 month low of $78.87 and a 12 month high of $111.53. The business’s fifty day moving average price is $96.26 and its 200 day moving average price is $97.27. The company has a market cap of $4.42 billion, a P/E ratio of 31.07, a PEG ratio of 1.87 and a beta of 1.07.

Franklin Electric Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 21st. Shareholders of record on Thursday, May 7th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Thursday, May 7th. This represents a $1.12 dividend on an annualized basis and a yield of 1.1%. Franklin Electric’s payout ratio is presently 34.78%.

Insiders Place Their Bets

In related news, CEO Joseph A. Ruzynski purchased 500 shares of the business’s stock in a transaction on Thursday, February 19th. The shares were purchased at an average price of $93.34 per share, with a total value of $46,670.00. Following the completion of the purchase, the chief executive officer owned 22,722 shares in the company, valued at $2,120,871.48. This represents a 2.25% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 2.89% of the company’s stock.

Institutional Trading of Franklin Electric

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC increased its holdings in Franklin Electric by 31.2% during the second quarter. EverSource Wealth Advisors LLC now owns 425 shares of the industrial products company’s stock worth $38,000 after buying an additional 101 shares during the last quarter. LPL Financial LLC boosted its position in shares of Franklin Electric by 1.0% in the fourth quarter. LPL Financial LLC now owns 12,158 shares of the industrial products company’s stock valued at $1,161,000 after acquiring an additional 115 shares during the period. Osaic Holdings Inc. boosted its position in shares of Franklin Electric by 24.3% in the second quarter. Osaic Holdings Inc. now owns 608 shares of the industrial products company’s stock valued at $55,000 after acquiring an additional 119 shares during the period. Inspire Investing LLC boosted its position in shares of Franklin Electric by 2.5% in the fourth quarter. Inspire Investing LLC now owns 4,968 shares of the industrial products company’s stock valued at $475,000 after acquiring an additional 120 shares during the period. Finally, Captrust Financial Advisors boosted its position in shares of Franklin Electric by 0.4% in the third quarter. Captrust Financial Advisors now owns 32,496 shares of the industrial products company’s stock valued at $3,094,000 after acquiring an additional 128 shares during the period. 79.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on FELE. DA Davidson set a $100.00 price objective on shares of Franklin Electric in a research note on Thursday, February 19th. Weiss Ratings reissued a “hold (c)” rating on shares of Franklin Electric in a research note on Monday, December 29th. Finally, Wall Street Zen lowered shares of Franklin Electric from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average 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.