Franklin Electric (NASDAQ:FELE) Releases FY 2026 Earnings Guidance

Franklin Electric (NASDAQ:FELE) updated its FY 2026 earnings guidance on Tuesday. The company provided EPS guidance of 4.400-4.600 for the period, compared to the consensus EPS estimate of 4.540. The company issued revenue guidance of $2.2 billion-$2.2 billion, compared to the consensus revenue estimate of $2.2 billion.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on FELE. Weiss Ratings reiterated a “hold (c)” rating on shares of Franklin Electric in a report on Monday, December 29th. DA Davidson set a $100.00 target price on Franklin Electric in a report on Thursday, February 19th. Finally, Wall Street Zen downgraded Franklin Electric from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Franklin Electric presently has an average rating of “Hold” and a consensus target price of $106.00.

Franklin Electric Stock Down 3.5%

Shares of NASDAQ FELE traded down $3.63 during trading hours on Tuesday, hitting $99.88. The stock had a trading volume of 66,150 shares, compared to its average volume of 346,810. The company has a market capitalization of $4.41 billion, a P/E ratio of 30.99, a P/E/G ratio of 1.87 and a beta of 1.07. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.18 and a current ratio of 2.79. The firm’s 50-day moving average price is $96.26 and its two-hundred day moving average price is $97.27. Franklin Electric has a 52 week low of $78.87 and a 52 week high of $111.53.

Franklin Electric (NASDAQ:FELE) last announced its earnings results 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 firm had revenue of $500.44 million during the quarter, compared to analysts’ expectations of $479.21 million. Franklin Electric had a return on equity of 14.52% and a net margin of 6.90%.The company’s revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.67 earnings per share. Franklin Electric has set its FY 2026 guidance at 4.400-4.600 EPS. Analysts anticipate that Franklin Electric will post 4.54 EPS for the current fiscal year.

Franklin Electric Dividend Announcement

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

Insider Activity at Franklin Electric

In related news, CEO Joseph A. Ruzynski acquired 500 shares of the company’s stock in a transaction on Thursday, February 19th. The stock was purchased at an average cost of $93.34 per share, for a total transaction of $46,670.00. Following the completion of the purchase, the chief executive officer directly owned 22,722 shares of the company’s stock, valued at $2,120,871.48. The trade was a 2.25% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.89% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of FELE. Amundi raised its stake in Franklin Electric by 134.8% during the third quarter. Amundi now owns 624,481 shares of the industrial products company’s stock worth $59,424,000 after acquiring an additional 358,517 shares in the last quarter. Qube Research & Technologies Ltd raised its stake in Franklin Electric by 70.1% during the second quarter. Qube Research & Technologies Ltd now owns 486,523 shares of the industrial products company’s stock worth $43,661,000 after acquiring an additional 200,545 shares in the last quarter. Citadel Advisors LLC raised its stake in Franklin Electric by 107.7% during the third quarter. Citadel Advisors LLC now owns 147,997 shares of the industrial products company’s stock worth $14,089,000 after acquiring an additional 76,746 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its stake in Franklin Electric by 264.8% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 89,177 shares of the industrial products company’s stock worth $8,519,000 after acquiring an additional 64,731 shares in the last quarter. Finally, Jane Street Group LLC raised its stake in Franklin Electric by 491.0% during the first quarter. Jane Street Group LLC now owns 70,660 shares of the industrial products company’s stock worth $6,634,000 after acquiring an additional 58,705 shares in the last quarter. 79.98% of the stock is currently owned by institutional investors and hedge funds.

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.