Franklin Electric Co., Inc. $FELE Shares Sold by King Luther Capital Management Corp

King Luther Capital Management Corp cut its holdings in Franklin Electric Co., Inc. (NASDAQ:FELE) by 4.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,035,481 shares of the industrial products company’s stock after selling 52,076 shares during the quarter. King Luther Capital Management Corp owned 2.33% of Franklin Electric worth $98,578,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in FELE. Royal Bank of Canada increased its stake in shares of Franklin Electric by 81.6% during the first quarter. Royal Bank of Canada now owns 3,997 shares of the industrial products company’s stock worth $375,000 after purchasing an additional 1,796 shares in the last quarter. AQR Capital Management LLC raised its holdings 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 acquiring an additional 13,075 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of Franklin Electric by 30.6% during the first quarter. NewEdge Advisors LLC now owns 5,760 shares of the industrial products company’s stock valued at $541,000 after acquiring an additional 1,349 shares during the last quarter. United Services Automobile Association purchased a new position in shares of Franklin Electric in the first quarter valued at approximately $243,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Franklin Electric by 8.6% in the first 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 worth $12,877,000 after acquiring an additional 10,862 shares during the last quarter. 79.98% of the stock is currently owned by institutional investors and hedge funds.

Franklin Electric Stock Performance

NASDAQ:FELE opened at $90.88 on Thursday. The company’s 50-day moving average is $100.24 and its two-hundred day moving average is $97.05. Franklin Electric Co., Inc. has a 1-year low of $78.87 and a 1-year high of $111.53. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.79 and a quick ratio of 1.12. The firm has a market capitalization of $4.05 billion, a price-to-earnings ratio of 28.22, a PEG ratio of 1.70 and a beta of 1.08.

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

Franklin Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 19th. Investors of record on Thursday, February 5th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, February 5th. This is a positive change from Franklin Electric’s previous quarterly dividend of $0.27. Franklin Electric’s dividend payout ratio is 36.48%.

Analyst Upgrades and Downgrades

FELE has been the subject of several recent research reports. Wall Street Zen raised Franklin Electric from a “hold” rating to a “buy” rating in a research note on Saturday, December 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Franklin Electric in a research report on Monday, December 29th. DA Davidson reissued a “neutral” rating and issued a $90.00 price target on shares of Franklin Electric in a research note on Wednesday. Finally, Robert W. Baird set a $112.00 price objective on shares of Franklin Electric in a research note on Wednesday, October 29th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $101.00.

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.