Campbell & CO Investment Adviser LLC Invests $1.77 Million in Franklin Electric Co., Inc. $FELE

Campbell & CO Investment Adviser LLC has invested $1.77 million in Franklin Electric Co., Inc. by acquiring 19,751 shares during the second quarter. Other institutional investors have also adjusted their stakes in the company. Franklin Electric's stock opened at $94.57, with a market cap of $4.21 billion and a P/E ratio of 30.80. The company reported $1.30 EPS for the last quarter, exceeding estimates, and declared a quarterly dividend of $0.265. Analysts currently rate the stock as a "Hold" with a price target of $112.00.

Campbell & CO Investment Adviser LLC bought a new position in Franklin Electric Co., Inc. (NASDAQ:FELE - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 19,751 shares of the industrial products company's stock, valued at approximately $1,772,000.

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Other large investors have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd acquired a new position in Franklin Electric in the first quarter worth approximately $46,000. Covestor Ltd boosted its stake in shares of Franklin Electric by 27.4% during the 1st quarter. Covestor Ltd now owns 731 shares of the industrial products company's stock worth $69,000 after acquiring an additional 157 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Franklin Electric by 42.2% in the 1st quarter. Smartleaf Asset Management LLC now owns 913 shares of the industrial products company's stock worth $86,000 after acquiring an additional 271 shares during the last quarter. CWM LLC raised its position in shares of Franklin Electric by 60.7% during the first quarter. CWM LLC now owns 1,175 shares of the industrial products company's stock worth $110,000 after purchasing an additional 444 shares during the period. Finally, Blair William & Co. IL purchased a new stake in shares of Franklin Electric during the second quarter valued at $218,000. 79.98% of the stock is currently owned by institutional investors.

Franklin Electric Trading Down 0.3%

Franklin Electric stock opened at $94.57 on Tuesday. Franklin Electric Co., Inc. has a 12 month low of $78.87 and a 12 month high of $111.94. The company has a quick ratio of 0.77, a current ratio of 2.54 and a debt-to-equity ratio of 0.10. The stock has a market cap of $4.21 billion, a P/E ratio of 30.80, a P/E/G ratio of 1.91 and a beta of 1.09. The company's fifty day simple moving average is $95.54 and its 200-day simple moving average is $92.36.

Franklin Electric (NASDAQ:FELE - Get Free Report) last released its quarterly earnings data on Tuesday, October 28th. The industrial products company reported $1.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.29 by $0.01. Franklin Electric had a return on equity of 14.24% and a net margin of 6.71%.The firm had revenue of $581.71 million during the quarter, compared to analysts' expectations of $563.18 million. During the same quarter last year, the firm earned $1.17 earnings per share. The business's revenue for the quarter was up 9.5% on a year-over-year basis. Franklin Electric has set its FY 2025 guidance at 4.000-4.200 EPS. As a group, sell-side analysts forecast that Franklin Electric Co., Inc. will post 4.19 EPS for the current fiscal year.

Franklin Electric Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 20th. Investors of record on Thursday, November 6th will be paid a $0.265 dividend. The ex-dividend date of this dividend is Thursday, November 6th. This represents a $1.06 annualized dividend and a dividend yield of 1.1%. Franklin Electric's payout ratio is presently 34.53%.

Analyst Upgrades and Downgrades

FELE has been the topic of a number of analyst reports. Weiss Ratings reissued a "hold (c)" rating on shares of Franklin Electric in a research note on Thursday. Wall Street Zen cut shares of Franklin Electric from a "buy" rating to a "hold" rating in a report on Saturday, November 1st. Finally, Robert W. Baird set a $112.00 price target on shares of Franklin Electric in a report on Wednesday, October 29th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Franklin Electric presently has an average rating of "Hold" and an average price target of $112.00.

Check Out Our Latest Report on FELE

Insider Buying and Selling

In related news, insider Jonathan M. Grandon sold 10,036 shares of the stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $98.03, for a total value of $983,829.08. Following the transaction, the insider owned 8,171 shares in the company, valued at approximately $801,003.13. This represents a 55.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 2.72% of the company's stock.

Franklin Electric Profile

(Free Report)

Franklin Electric Co, Inc, together with its subsidiaries, designs, manufactures, and distributes water and fuel pumping systems worldwide. The company operates through Water Systems, Fueling Systems, and Distribution segments. The Water Systems segment offers submersible motors, drives, pumps, electronic controls, water treatment systems, monitoring devices, and related parts and equipment.

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