Franklin Electric (NASDAQ:FELE) Issues Quarterly Earnings Results, Beats Expectations By $0.11 EPS

Franklin Electric (NASDAQ:FELE) posted its earnings results on Tuesday. The industrial products company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.11, Briefing.com reports. Franklin Electric had a net margin of 6.91% and a return on equity of 14.86%. During the same period in the prior year, the business earned $1.31 earnings per share. Franklin Electric’s quarterly revenue was up 6.0% compared to the same quarter last year. Franklin Electric updated its FY 2026 guidance to 4.500-4.700 EPS.

Franklin Electric Price Performance

Shares of Franklin Electric stock opened at $105.43 on Tuesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.14 and a current ratio of 2.67. Franklin Electric has a 52-week low of $89.54 and a 52-week high of $111.53. The company has a fifty day moving average of $102.64 and a 200-day moving average of $100.05. The stock has a market capitalization of $4.66 billion, a price-to-earnings ratio of 31.76, a price-to-earnings-growth ratio of 1.92 and a beta of 1.03.

Franklin Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Thursday, August 6th will be issued 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, August 6th. Franklin Electric’s payout ratio is presently 33.73%.

Analyst Ratings Changes

Several research analysts have commented on FELE shares. DA Davidson restated a “neutral” rating and issued a $100.00 target price on shares of Franklin Electric in a research note on Tuesday, June 16th. Weiss Ratings reissued a “hold (c)” rating on shares of Franklin Electric in a report on Tuesday, June 9th. Finally, Wall Street Zen upgraded shares of Franklin Electric from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Three analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $106.00.

Insiders Place Their Bets

In other news, insider Delancey W. Davis sold 1,900 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $100.00, for a total transaction of $190,000.00. Following the transaction, the insider directly owned 10,402 shares of the company’s stock, valued at approximately $1,040,200. This trade represents a 15.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 value of $883,759.80. Following the completion of the transaction, the insider owned 7,509 shares in the company, valued at approximately $776,430.60. This represents a 53.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 19,835 shares of company stock worth $2,004,982. 2.89% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Franklin Electric

Institutional investors and hedge funds have recently bought and sold shares of the stock. Quarry LP purchased a new position in Franklin Electric in the 3rd quarter worth approximately $28,000. Aster Capital Management DIFC Ltd purchased a new stake in shares of Franklin Electric during the fourth quarter valued at approximately $35,000. EverSource Wealth Advisors LLC grew its holdings in shares of Franklin Electric by 31.2% in the second quarter. EverSource Wealth Advisors LLC now owns 425 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 101 shares during the last quarter. Kestra Advisory Services LLC bought a new position in shares of Franklin Electric in the fourth quarter worth approximately $48,000. Finally, Osaic Holdings Inc. increased its stake 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 worth $55,000 after buying an additional 119 shares during the period. 79.98% of the stock is currently owned by institutional investors.

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.