Segall Bryant & Hamill LLC Buys 216,250 Shares of Franklin Electric Co., Inc. $FELE

Segall Bryant & Hamill LLC grew its position in Franklin Electric Co., Inc. (NASDAQ:FELE) by 81.4% in the first quarter, according to its most recent filing with the SEC. The fund owned 481,906 shares of the industrial products company’s stock after acquiring an additional 216,250 shares during the period. Segall Bryant & Hamill LLC’s holdings in Franklin Electric were worth $44,417,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of FELE. Quarry LP bought a new position in Franklin Electric during the 3rd quarter worth $28,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Franklin Electric during the fourth quarter worth $35,000. EverSource Wealth Advisors LLC raised its position in shares of Franklin Electric by 31.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 425 shares of the industrial products company’s stock worth $38,000 after acquiring an additional 101 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in Franklin Electric by 213.1% in the fourth quarter. Farther Finance Advisors LLC now owns 454 shares of the industrial products company’s stock valued at $43,000 after buying an additional 309 shares during the period. Finally, Kestra Advisory Services LLC bought a new position in Franklin Electric during the fourth quarter worth $48,000. Institutional investors own 79.98% of the company’s stock.

Franklin Electric Price Performance

Franklin Electric stock opened at $104.72 on Friday. The company has a quick ratio of 1.14, a current ratio of 2.41 and a debt-to-equity ratio of 0.10. The business has a 50-day simple moving average of $103.36 and a 200 day simple moving average of $100.22. The stock has a market cap of $4.63 billion, a price-to-earnings ratio of 30.18, a PEG ratio of 1.85 and a beta of 1.03. Franklin Electric Co., Inc. 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. The business had revenue of $622.88 million for the quarter, compared to the consensus estimate of $605.92 million. Franklin Electric had a net margin of 7.06% and a return on equity of 15.18%. Franklin Electric’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period last year, the firm posted $1.31 earnings per share. Franklin Electric has set its FY 2026 guidance at 4.500-4.700 EPS. On average, research analysts forecast that Franklin Electric Co., Inc. will post 4.65 earnings per share for the current fiscal year.

Franklin Electric Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Thursday, August 6th will be given a $0.28 dividend. The ex-dividend date is Thursday, August 6th. This represents a $1.12 dividend on an annualized basis and a yield of 1.1%. Franklin Electric’s payout ratio is presently 32.28%.

Insiders Place Their Bets

In other Franklin Electric news, insider Delancey W. Davis sold 1,900 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $100.00, for a total value of $190,000.00. Following the completion of the sale, the insider owned 10,402 shares in the company, valued at approximately $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 can be accessed through this hyperlink. 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. This represents a 53.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 14,647 shares of company stock valued at $1,486,326 in the last ninety days. 2.89% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Wall Street Zen raised Franklin Electric from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Robert W. Baird boosted their target price on Franklin Electric from $118.00 to $124.00 and gave the stock a “neutral” rating in a research note on Wednesday. DA Davidson lifted their price objective on shares of Franklin Electric from $100.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, Weiss Ratings upgraded Franklin Electric from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday. Three research analysts have rated the stock with a Hold rating, According to MarketBeat, Franklin Electric has a consensus rating of “Hold” and a consensus target price of $114.50.

Franklin Electric 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.