FELE Franklin Electric Co Inc

Franklin Electric Co., Inc. (NASDAQ:FELE) saw a significant decline in short interest by 22.4% in December, bringing the total shorted shares to 600,718. This represents approximately 1.4% of the company's shares and a days-to-cover ratio of 2.6. The company maintains a consensus "Hold" rating among analysts, with one recent upgrade to "Buy," and has shown solid financial performance, including beating Q3 earnings estimates.

Voya Investment Management LLC reduced its stake in Franklin Electric Co., Inc. by 14.2% in the third quarter, now holding 62,963 shares valued at approximately $5.99 million. Despite this, other institutions have increased their holdings, with institutional investors owning nearly 80% of the company's stock. Franklin Electric reported strong Q3 earnings, beating estimates with $1.30 EPS and $581.7 million in revenue, and analysts maintain a "Hold" rating with a target price of $112.00.

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Assenagon Asset Management S.A. significantly increased its stake in Franklin Electric Co., Inc. by purchasing 93,886 additional shares, bringing its total holdings to 209,605 shares valued at approximately $19.95 million. This reflects institutional confidence in Franklin Electric, which recently beat Q3 earnings estimates and provided FY2025 EPS guidance in line with analyst expectations. The company maintains a "Hold" consensus rating with an average price target of $112.00, suggesting stable performance with moderate growth potential.

Moody National Bank Trust Division has initiated a new position in Franklin Electric Co., Inc. (NASDAQ:FELE), acquiring 11,354 shares valued at approximately $1.08 million in the third quarter. This move is part of a broader trend of institutional investment, with hedge funds and other investors now owning 79.98% of the stock. Franklin Electric recently exceeded Q3 earnings estimates and has provided positive FY2025 guidance.

Franklin Electric (FELE) is under scrutiny after a director sold shares and moved stock to a family foundation, following 9% Q3 sales growth with slightly softer adjusted earnings. While the stock has seen long-term momentum and a 1.78% one-day return, its one-year return is down 4.92%, showing near-term fatigue. Despite being 9.5% undervalued by one narrative, valuation based on earnings multiples suggests less room for growth, trading at 30.9x P/E compared to the broader US machinery group's 26.2x.