Y Intercept Hong Kong Ltd Reduces Stock Position in Franklin Electric Co., Inc. $FELE

Y Intercept Hong Kong Ltd cut its holdings in Franklin Electric Co., Inc. (NASDAQ:FELE) by 82.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,213 shares of the industrial products company’s stock after selling 15,293 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Franklin Electric were worth $296,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Strs Ohio raised its holdings in Franklin Electric by 187.5% during the 1st quarter. Strs Ohio now owns 4,600 shares of the industrial products company’s stock valued at $424,000 after acquiring an additional 3,000 shares during the period. Keybank National Association OH purchased a new position in shares of Franklin Electric in the first quarter valued at $409,000. Deprince Race & Zollo Inc. purchased a new position in shares of Franklin Electric in the first quarter valued at $3,974,000. Inspire Investing LLC raised its stake in shares of Franklin Electric by 14.6% during the 1st quarter. Inspire Investing LLC now owns 5,691 shares of the industrial products company’s stock valued at $525,000 after purchasing an additional 723 shares during the period. Finally, Pictet Asset Management Holding SA raised its stake in shares of Franklin Electric by 9.3% during the 1st quarter. Pictet Asset Management Holding SA now owns 6,074 shares of the industrial products company’s stock valued at $560,000 after purchasing an additional 516 shares during the period. 79.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Insider Activity

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

Franklin Electric Stock Down 0.1%

FELE opened at $104.38 on Thursday. The firm has a market capitalization of $4.61 billion, a P/E ratio of 31.44, a price-to-earnings-growth ratio of 1.90 and a beta of 1.03. Franklin Electric Co., Inc. has a one year low of $88.63 and a one year high of $111.53. The company has a fifty day moving average price of $101.49 and a 200-day moving average price of $99.61. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.67 and a quick ratio of 1.14.

Franklin Electric (NASDAQ:FELE) last issued its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.06. The company had revenue of $500.44 million for the quarter, compared to the consensus estimate of $479.21 million. Franklin Electric had a return on equity of 14.86% and a net margin of 6.91%.The firm’s revenue was up 9.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.67 earnings per share. Franklin Electric has set its FY 2026 guidance at 4.400-4.600 EPS. Equities research analysts expect that Franklin Electric Co., Inc. will post 4.58 earnings per share for the current fiscal year.

Franklin Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Thursday, May 7th were issued a $0.28 dividend. The ex-dividend date of this dividend was Thursday, May 7th. This represents a $1.12 annualized dividend and a dividend yield of 1.1%. Franklin Electric’s dividend payout ratio (DPR) is presently 33.73%.

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.