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

Franklin Electric (NASDAQ:FELE) issued an update on its FY 2026 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 4.500-4.700 for the period, compared to the consensus earnings per share estimate of 4.580. The company issued revenue guidance of $2.2 billion-$2.3 billion, compared to the consensus revenue estimate of $2.2 billion.

Franklin Electric Stock Down 0.6%

Shares of FELE stock traded down $0.61 during trading hours on Thursday, hitting $104.77. 16,894 shares of the company were exchanged, compared to its average volume of 326,949. The stock has a market capitalization of $4.63 billion, a price-to-earnings ratio of 30.19, a P/E/G ratio of 1.99 and a beta of 1.03. Franklin Electric has a one year low of $89.54 and a one year high of $115.82. The business’s 50-day simple moving average is $103.09 and its two-hundred day simple moving average is $100.17. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.14 and a current ratio of 2.41.

Franklin Electric (NASDAQ:FELE) last released its earnings results on Tuesday, July 28th. The industrial products company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.11. Franklin Electric had a return on equity of 15.18% and a net margin of 7.06%.The company had revenue of $622.88 million for the quarter, compared to the consensus estimate of $605.92 million. During the same quarter last year, the business posted $1.31 EPS. Franklin Electric’s quarterly revenue was up 6.0% compared to the same quarter last year. Franklin Electric has set its FY 2026 guidance at 4.500-4.700 EPS. Sell-side analysts predict that Franklin Electric will post 4.58 EPS for the current fiscal year.

Franklin Electric Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th 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 1.1%. The ex-dividend date is Thursday, August 6th. Franklin Electric’s payout ratio is 33.73%.

Wall Street Analyst Weigh In

Several analysts recently commented on FELE shares. Wall Street Zen raised shares of Franklin Electric from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Robert W. Baird raised their price objective on Franklin Electric from $118.00 to $124.00 and gave the stock a “neutral” rating in a research note on Wednesday. DA Davidson boosted their target price on Franklin Electric from $100.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Franklin Electric in a research note on Tuesday, June 9th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $114.50.

Insider Transactions at Franklin Electric

In other Franklin Electric news, 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 owned 10,402 shares in the company, valued at $1,040,200. The trade was a 15.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jonathan M. Grandon sold 8,547 shares of the firm’s 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 sale, the insider directly owned 7,509 shares of the company’s stock, valued at $776,430.60. This trade represents a 53.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 14,847 shares of company stock worth $1,506,082 in the last 90 days. Corporate insiders own 2.89% of the company’s stock.

Institutional Trading of Franklin Electric

Several large investors have recently added to or reduced their stakes in the business. Morgan Stanley raised its holdings in shares of Franklin Electric by 0.5% during the 4th quarter. Morgan Stanley now owns 1,790,205 shares of the industrial products company’s stock valued at $171,019,000 after purchasing an additional 8,356 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Franklin Electric by 2.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 973,419 shares of the industrial products company’s stock worth $92,997,000 after buying an additional 24,027 shares during the last quarter. Amundi increased its position in Franklin Electric by 12.7% during the fourth quarter. Amundi now owns 703,992 shares of the industrial products company’s stock worth $67,243,000 after buying an additional 79,511 shares during the last quarter. Invesco Ltd. raised its holdings in Franklin Electric by 9.2% during the second quarter. Invesco Ltd. now owns 607,040 shares of the industrial products company’s stock valued at $54,476,000 after buying an additional 50,895 shares in the last quarter. Finally, Qube Research & Technologies Ltd raised its holdings 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 valued at $43,661,000 after buying an additional 200,545 shares in the last quarter. 79.98% of the stock is 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.