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Jupiter Topco LLC bought a new stake in shares of Franklin Electric Co., Inc. (NASDAQ:FELE – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 17,155 shares of the industrial products company’s stock, valued at approximately $1,840,000.

A number of other large investors have also recently added to or reduced their stakes in FELE. Quarry LP bought a new position in shares of Franklin Electric in the third quarter valued at $28,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Franklin Electric during the 4th quarter valued at $35,000. EverSource Wealth Advisors LLC lifted its position in shares of Franklin Electric by 31.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 425 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 101 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Franklin Electric by 213.1% during the 4th quarter. Farther Finance Advisors LLC now owns 454 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 309 shares in the last quarter. Finally, Trust Co. of Vermont bought a new stake in shares of Franklin Electric during the 2nd quarter worth $44,000. 79.98% of the stock is currently owned by institutional investors.

Analyst Ratings Changes A number of equities research analysts have recently issued reports on FELE shares. Weiss Ratings raised Franklin Electric from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, July 30th. DA Davidson increased their price target on Franklin Electric from $100.00 to $105.00 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. Finally, Robert W. Baird lifted their price target on Franklin Electric from $118.00 to $124.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Franklin Electric has a consensus rating of “Hold” and a consensus price target of $114.50.

Check Out Our Latest Research Report on Franklin Electric Insiders Place Their Bets In related news, insider Jonathan Grandon sold 8,547 shares of the 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 completion of the sale, the insider directly owned 7,509 shares of the company’s stock, valued at approximately $776,430.60. This represents a 53.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.89% of the company’s stock.

Franklin Electric Trading Up 1.7% Franklin Electric stock opened at $99.27 on Friday. The company has a 50 day moving average price of $104.64 and a 200 day moving average price of $100.50. Franklin Electric Co., Inc. has a 52 week low of $89.54 and a 52 week high of $115.82. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.10 and a current ratio of 2.41. The firm has a market capitalization of $4.39 billion, a price-to-earnings ratio of 28.61, a P/E/G ratio of 1.75 and a beta of 1.02.

Franklin Electric (NASDAQ:FELE – Get Free Report) last announced its earnings results on Tuesday, July 28th. The industrial products company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.11. The company 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%. The company’s revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.31 EPS. Franklin Electric has set its FY 2026 guidance at 4.500-4.700 EPS. Research analysts forecast that Franklin Electric Co., Inc. will post 4.65 EPS for the current year.

Franklin Electric Dividend Announcement The firm also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Thursday, August 6th were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, August 6th. Franklin Electric’s payout ratio is presently 32.28%.

(Free Report)

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.

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Franklin Electric (FELE - Free Report) came out with quarterly earnings of $1.55 per share, beating the Zacks Consensus Estimate of $1.44 per share. This compares to earnings of $1.31 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +7.64%. A quarter ago, it was expected that this water and fuel pumping systems company would post earnings of $0.77 per share when it actually produced earnings of $0.83, delivering a surprise of +7.79%.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

Franklin Electric, which belongs to the Zacks Manufacturing - Electronics industry, posted revenues of $622.88 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 2.20%. This compares to year-ago revenues of $587.43 million. The company has topped consensus revenue estimates three times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Franklin Electric shares have added about 10.4% since the beginning of the year versus the S&P 500's gain of 8.3%.

What's Next for Franklin Electric?While Franklin Electric has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Franklin Electric was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.42 on $598.5 million in revenues for the coming quarter and $4.58 on $2.23 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Manufacturing - Electronics is currently in the top 40% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

EnerSys (ENS - Free Report) , another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on August 12.

This maker of industrial batteries is expected to post quarterly earnings of $2.82 per share in its upcoming report, which represents a year-over-year change of +35.6%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

EnerSys' revenues are expected to be $922.82 million, up 3.3% from the year-ago quarter.