Franklin Electric Co., Inc. (FELE) To Go Ex-Dividend on August 6th

Franklin Electric Co., Inc. (NASDAQ:FELE) announced a quarterly dividend on Monday, July 27th. Investors of record on Thursday, August 6th will be given a dividend of 0.28 per share by the industrial products company on Thursday, August 20th. This represents a c) dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Thursday, August 6th.

Franklin Electric has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 33 consecutive years. Franklin Electric has a payout ratio of 23.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Franklin Electric to earn $5.09 per share next year, which means the company should continue to be able to cover its $1.12 annual dividend with an expected future payout ratio of 22.0%.

Franklin Electric Trading Up 4.1%

Shares of FELE opened at $109.71 on Wednesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.14 and a current ratio of 2.67. The company has a market cap of $4.85 billion, a price-to-earnings ratio of 33.05, a PEG ratio of 1.92 and a beta of 1.03. The stock has a fifty day moving average price of $102.93 and a two-hundred day moving average price of $100.13. Franklin Electric has a 52-week low of $89.54 and a 52-week high of $115.82.

Franklin Electric (NASDAQ:FELE) last announced its earnings results on Tuesday, July 28th. The industrial products company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.11. Franklin Electric had a return on equity of 14.86% and a net margin of 6.91%.The company had revenue of $622.88 million during the quarter, compared to analyst estimates of $605.92 million. During the same period last year, the company posted $1.31 earnings per share. The firm’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. Analysts predict that Franklin Electric will post 4.58 EPS for the current fiscal year.

Insider Activity at Franklin Electric

In other Franklin Electric news, insider Delancey W. Davis sold 1,900 shares of Franklin Electric stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $100.00, for a total transaction of $190,000.00. Following the completion of the sale, the insider owned 10,402 shares of the company’s stock, valued at approximately $1,040,200. The trade was a 15.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jonathan M. Grandon sold 8,547 shares of the company’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $103.40, for a total transaction of $883,759.80. Following the sale, the insider owned 7,509 shares of the company’s stock, valued at $776,430.60. The trade was a 53.23% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 19,835 shares of company stock valued at $2,004,982. 2.89% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Franklin Electric

Several hedge funds have recently added to or reduced their stakes in FELE. Royal Bank of Canada increased its stake in shares of Franklin Electric by 81.6% in the 1st quarter. Royal Bank of Canada now owns 3,997 shares of the industrial products company’s stock valued at $375,000 after acquiring an additional 1,796 shares during the last quarter. AQR Capital Management LLC increased its stake in Franklin Electric by 105.5% in 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 purchasing an additional 13,075 shares in the last quarter. NewEdge Advisors LLC raised its holdings in Franklin Electric by 30.6% in the first quarter. NewEdge Advisors LLC now owns 5,760 shares of the industrial products company’s stock worth $541,000 after purchasing an additional 1,349 shares during the period. United Services Automobile Association bought a new position in shares of Franklin Electric during the first quarter worth $243,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Franklin Electric by 8.6% during 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 purchasing an additional 10,862 shares in the last quarter. Institutional investors and hedge funds own 79.98% of the company’s stock.

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.