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

King Luther Capital Management Corp reduced its position in Franklin Electric Co., Inc. (NASDAQ:FELE) by 0.8% in the 4th quarter, Holdings Channel reports. The firm owned 1,026,761 shares of the industrial products company’s stock after selling 8,720 shares during the quarter. King Luther Capital Management Corp’s holdings in Franklin Electric were worth $98,086,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in FELE. Amundi grew its holdings in Franklin Electric by 134.8% in the 3rd quarter. Amundi now owns 624,481 shares of the industrial products company’s stock valued at $59,424,000 after buying an additional 358,517 shares in the last quarter. Fort Washington Investment Advisors Inc. OH acquired a new stake in shares of Franklin Electric during the 4th quarter worth approximately $27,266,000. Segall Bryant & Hamill LLC acquired a new stake in shares of Franklin Electric during the 3rd quarter worth approximately $24,223,000. Qube Research & Technologies Ltd increased its holdings in shares of Franklin Electric by 70.1% during the 2nd quarter. Qube Research & Technologies Ltd now owns 486,523 shares of the industrial products company’s stock worth $43,661,000 after buying an additional 200,545 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in shares of Franklin Electric by 79.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 375,251 shares of the industrial products company’s stock worth $35,848,000 after buying an additional 165,646 shares during the last quarter. 79.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

FELE has been the subject of a number of recent analyst reports. DA Davidson restated a “neutral” rating and set a $100.00 price target on shares of Franklin Electric in a report on Wednesday, April 29th. Wall Street Zen upgraded shares of Franklin Electric from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $106.00.

Franklin Electric Stock Performance

NASDAQ FELE opened at $100.65 on Wednesday. The stock has a market cap of $4.45 billion, a PE ratio of 30.32, a P/E/G ratio of 1.79 and a beta of 1.07. The company has a current ratio of 2.67, a quick ratio of 1.14 and a debt-to-equity ratio of 0.10. Franklin Electric Co., Inc. has a twelve month low of $84.31 and a twelve month high of $111.53. The stock has a fifty day simple moving average of $97.27 and a 200-day simple moving average of $97.66.

Franklin Electric (NASDAQ:FELE) last released its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.06. The business 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 14.86% and a net margin of 6.91%.The company’s revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.67 EPS. Franklin Electric has set its FY 2026 guidance at 4.400-4.600 EPS. Equities analysts anticipate that Franklin Electric Co., Inc. will post 4.58 earnings per share for the current year.

Franklin Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 21st. Stockholders of record on Thursday, May 7th were issued a dividend of $0.28 per share. The ex-dividend date was Thursday, May 7th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.1%. Franklin Electric’s dividend payout ratio is currently 33.73%.

Insider Buying and Selling at Franklin Electric

In other news, insider Jonathan M. Grandon sold 4,988 shares of the stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $100.02, for a total transaction of $498,899.76. Following the completion of the transaction, the insider directly owned 7,509 shares in the company, valued at approximately $751,050.18. This represents a 39.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.89% of the company’s stock.

Franklin Electric Company 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.