# Franklin Electric Co., Inc. (FELE)

> Source: Nexqual · https://nexqual.com/FELE · data as of 2026-10-28 20:00 UTC · cite as "Nexqual, Franklin Electric Co., Inc. (FELE), nexqual.com/FELE" · informational, not investment advice.

**Price:** USD 96.65 (-1.45% on the day) · last close of Oct 28, 2026; US market closed, not a live price. Prev close 98.07 · day 93.5–103.06 · 52w 89.54–115.82 · market cap $4.27B · NMS

## Key facts
- Last four reported quarters (through Sep 30, 2026): revenue $2.26B, net income $200M (8.8% margin), free cash flow $193M (SEC filings).
- Valuation: P/E 21.4x (avg 26.1x at the last 3 fiscal year-ends), EV/EBITDA 13.4x, net debt $402M.
- Insider open-market sales, last ~7 months: 5 Form 4 filings, $2.0M; 5 not under a Rule 10b5-1 plan ($2.0M); 5 by opportunistic insiders (5 outside 10b5-1 plans), 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Hold (mean 2.60 on a 1–5 scale) (5 analysts), mean target USD 118.5 (range 105–125).
- Total return with dividends: 1Y +2.5% vs S&P 500 +13.6%; 5Y +17.7% vs S&P 500 +79.8%.
- Next earnings: 2026-10-28, EPS estimate USD 0.92, revenue estimate $553M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.66B | $2.04B | $2.07B | $2.02B | $2.13B | $2.26B |
| Gross profit | $576M | $691M | $697M | $717M | $756M | — |
| Operating income | $189M | $257M | $262M | $244M | $269M | $280M |
| Net income | $154M | $187M | $193M | $180M | $147M | $200M |
| EPS (diluted) | $3.25 | $3.97 | $4.11 | $3.86 | $3.22 | — |
| Free cash flow | $99.6M | $59.8M | $274M | $220M | $194M | $193M |
| Gross margin | 34.7% | 33.8% | 33.8% | 35.5% | 35.5% | — |
| Operating margin | 11.4% | 12.6% | 12.7% | 12.1% | 12.6% | 12.4% |
| Net margin | 9.3% | 9.2% | 9.4% | 8.9% | 6.9% | 8.8% |
| Revenue growth | +33.2% | +23.0% | +1.0% | -2.1% | +5.4% | — |
| Cash + short-term investments | $40.5M | $45.8M | $85.0M | $221M | $99.7M | — |
| Total debt | $189M | $216M | $101M | $129M | $167M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Sep 30, 2026)
P/E 21.4x · P/S 1.9x · EV/EBITDA 13.4x · EV/Sales 2.1x · P/FCF 22.1x · P/B 3.0x · FCF yield 4.53% · Earnings yield 4.68% · Dividend yield (paid, TTM) 1.17% · Buyback yield (TTM) 1.43% · Net debt $402M · EV $4.67B
P/E at fiscal year-ends: Dec 2025 29.6x, Dec 2024 25.1x, Dec 2023 23.5x.

## Insider sales (SEC Form 4, open-market, last ~7 months)
0 of 5 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-06-09 | Grandon Jonathan M. | Chief Administrative Officer | 8,547 | $884K | 53.2% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-05-26 | Davis Delancey W | President, Headwater Companies | 1,900 | $190K | 15.4% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-05-22 | Grandon Jonathan M. | Chief Administrative Officer | 4,200 | $413K | 35.9% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-05-01 | Davis Delancey W | President, Headwater Companies | 200 | $20K | 1.6% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-04-30 | Grandon Jonathan M. | Chief Administrative Officer | 4,988 | $499K | 39.9% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus Hold (mean 2.60 on a 1–5 scale), 5 analysts; mean target USD 118.5 (low 105, high 125).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-09-09 | DA Davidson | Maintained | Neutral | $105 |
| 2026-07-29 | DA Davidson | Target raised | Neutral | $100 → $105 |
| 2026-07-29 | Baird | Target raised | Neutral | $118 → $124 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-29) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | +2.5% | +17.7% |
| S&P 500 (SPY) | +13.6% | +79.8% |
| Per year | +2.5% | +3.3% |
| Volatility (annualized) | 27.9% | 24.7% |
| Max drawdown | -18.2% (Feb 2026→Mar 2026) | -27.4% (Nov 2021→Jun 2022) |

## Peers (Specialty Industrial Machinery)
GGG (Graco Inc.) USD 67.16 +1.05% · CR (Crane Company) USD 198.42 +2.87% · WTS (Watts Water Technologies, Inc.) USD 342.87 -5.12% · GNRC (Generac Holdlings Inc.) USD 201.34 +3.94% · INIO (INNIO N.V.) USD 18.35 +8.07% · ITT (ITT Inc.) USD 196 +0.84%

## More
Full page: https://nexqual.com/FELE · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Revenue by business segment (quarter ended 2026-09-30)

| Line | Revenue | Share | YoY | Operating income | Op. margin |
|---|---|---|---|---|---|
| Water Systems | $315.8M | 49.8% | +3.7% | $58.9M | 18.7% |
| Distribution | $226.1M | 35.7% | +14.6% | $20.6M | 9.1% |
| Energy Systems | $91.7M | 14.5% | +14.6% | $23.7M | 25.8% |
| Corporate costs (not allocated) | — | — | — | $103.2M | — |
| Total revenue | $633.6M | 100% | — | $86.5M | 13.7% |

## Revenue by region (fiscal year ended 2025-12-31)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| United States | $1.45B | 67.9% | +3.3% |
| Non Us | $684.8M | 32.1% | +10.3% |
| Total revenue | $2.13B | 100% | — |

## Company outlook (8-K filed 2026-10-28)

- "The Company is raising its guidance for full year 2026 net sales to be in the range of $2.23 billion to $2.30 billion and full year 2026 Adjusted Diluted EPS to be in the range of $4.62 to $4.82."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-12-31) | $0.92 | $0.91 | +0.5% | $552.8M | 4 |
| Next quarter (ends 2027-03-31) | $1.00 | $1.01 | -0.5% | $538.6M | 2 |
| Current fiscal year (ends 2026-12-31) | $4.66 | $4.58 | +1.7% | $2.28B | 4 |
| Next fiscal year (ends 2027-12-31) | $5.21 | $5.08 | +2.6% | $2.42B | 4 |

## Options: expected move (Cboe, 15-min delayed)

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 23 | 28.9% | ±5.8% |
| 2027-01-15 | 79 | 21.0% | ±7.8% |
| 2027-04-16 | 170 | 23.9% | ±13.1% |

## Earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| Jul 28, 2026 | Quarter ended Jun 30, 2026 | $1.55 | $1.43 | Beat +8.4% | +0.0% |
| Apr 28, 2026 | Quarter ended Mar 31, 2026 | $0.83 | $0.77 | Beat +7.8% | -1.6% |
| Feb 17, 2026 | Quarter ended Dec 31, 2025 | $0.87 | $0.89 | Miss −2.2% | -16.6% |
| Oct 28, 2025 | — | — | — | — | -3.3% |
| Jul 29, 2025 | — | — | — | — | +1.1% |
| Apr 29, 2025 | — | — | — | — | -4.2% |
| Feb 18, 2025 | — | — | — | — | +6.1% |
| Oct 29, 2024 | — | — | — | — | -5.9% |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).

## Recent SEC filings (last 120 days)
| Filed | Form | What it says | Filing |
|---|---|---|---|
| 2026-10-28 | 8-K | Regulation FD disclosure | https://www.sec.gov/Archives/edgar/data/38725/000003872526000071/0000038725-26-000071-index.htm |
| 2026-10-28 | 10-Q | Quarterly report · period ended Sep 30, 2026 | https://www.sec.gov/Archives/edgar/data/38725/000003872526000069/0000038725-26-000069-index.htm |
| 2026-10-28 | 8-K | Entered a material agreement; Regulation FD disclosure — “On October 27, 2026, Franklin Electric Co., Inc. ("Franklin Electric") entered into a Share Sale and Purchase Agreement (the "Purchase Agreement") by and among Franklin Electric (Australia) Pty Ltd, a wholly-owned subsidiary of Franklin Electric (the "Franklin Purchaser"), Challenge Pumps Holdings Pty Ltd ("Challenge Pumps"), and the shareholders of Challenge Pumps, and certain guarantors party thereto, pursuant to which the Franklin Purchaser will, subject to the terms and conditions set forth therein, purchase…” | https://www.sec.gov/Archives/edgar/data/38725/000003872526000066/0000038725-26-000066-index.htm |
| 2026-10-28 | 8-K | Quarterly results | https://www.sec.gov/Archives/edgar/data/38725/000003872526000064/0000038725-26-000064-index.htm |
| 2026-09-08 | 8-K | Entered a material agreement; Completed an acquisition or sale of assets; Unregistered sale of shares; Regulation FD disclosure — “On September 4, 2026, Franklin Electric Co., Inc. ("Franklin Electric") entered into a Share Purchase Agreement (the "Share Purchase Agreement") by and among Franklin Electric, FE Force, LLC, a wholly-owned subsidiary of Franklin Electric ("Acquisition Company"), Cat Pumps Corporation ("Cat Pumps"), the shareholders of Cat Pumps, and certain guarantors party thereto, pursuant to which Acquisition Company purchased all of the outstanding capital stock (the "Shares") of Cat Pumps from its shareholders. Cat Pumps is…” | https://www.sec.gov/Archives/edgar/data/38725/000003872526000062/0000038725-26-000062-index.htm |
| 2026-07-29 | 10-Q | Quarterly report · period ended Jun 30, 2026 | https://www.sec.gov/Archives/edgar/data/38725/000003872526000055/0000038725-26-000055-index.htm |
| 2026-07-28 | 8-K | Regulation FD disclosure | https://www.sec.gov/Archives/edgar/data/38725/000003872526000053/0000038725-26-000053-index.htm |
| 2026-07-28 | 8-K | Quarterly results | https://www.sec.gov/Archives/edgar/data/38725/000003872526000051/0000038725-26-000051-index.htm |
Source: SEC EDGAR. Quotes are the opening words of each item as filed.