Franklin Electric (FELE)
Market Price (10/21/2026): $100.26 | Market Cap: $4.4 BilSector: Industrials | Industry: Industrial Machinery & Supplies & Components
Franklin Electric (FELE)
Market Price (10/21/2026): $100.26Market Cap: $4.4 BilSector: IndustrialsIndustry: Industrial Machinery & Supplies & Components
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 12% Low stock price volatilityVol 12M is 27% Megatrend and thematic driversMegatrends include Water Infrastructure, and Energy Transition & Decarbonization. Themes include Water Treatment & Delivery, Wastewater Management, Show more. | Weak multi-year price returns2Y Excs Rtn is -34%, 3Y Excs Rtn is -58% | Key risksFELE key risks include [1] the long-term threat to its Fueling Systems business from increasing EV adoption and [2] near-term growth headwinds from customer inventory destocking, Show more. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 12% |
| Low stock price volatilityVol 12M is 27% |
| Megatrend and thematic driversMegatrends include Water Infrastructure, and Energy Transition & Decarbonization. Themes include Water Treatment & Delivery, Wastewater Management, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -34%, 3Y Excs Rtn is -58% |
| Key risksFELE key risks include [1] the long-term threat to its Fueling Systems business from increasing EV adoption and [2] near-term growth headwinds from customer inventory destocking, Show more. |
Qualitative Assessment
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Franklin Electric (FELE) stock has lost about 5% since 6/30/2026 because of the following key factors:
1. Investor caution regarding future macroeconomic and geopolitical headwinds offset strong Q2 2026 performance. Franklin Electric reported robust second quarter of fiscal year 2026 results on July 28, 2026, with adjusted earnings per share (EPS) of $1.55, surpassing consensus estimates of $1.44 by $0.11, and revenue increasing 6.0% year-over-year to $622.88 million, exceeding the $605.92 million consensus. The company also raised its full-year fiscal year 2026 revenue guidance to a range of $2.21 billion to $2.29 billion and adjusted diluted EPS guidance to $4.50 to $4.70. However, during the Q2 2026 earnings call, management cited "some uncertainty in our global markets as we further assess the macroeconomic and geopolitical outlook," pointing to "another tariff announcement," "slower South America," and "Middle East impacts" as potential moderating factors for the second half of fiscal year 2026. This forward-looking caution likely weighed on investor sentiment despite the strong Q2 2026 results and raised guidance.
2. Weakness in specific regional markets for industrial pumps contributed to broader sector concerns. While the global pump market is projected for overall growth, specific regions faced headwinds. The Middle East & Africa region, an area of operations for Franklin Electric, is forecast to experience a -0.4% pump demand growth in fiscal year 2026 due to cutbacks in hydrocarbon production. This aligns with management's commentary during the Q2 2026 earnings call regarding "Middle East impacts." Such regional slowdowns, coupled with broader industry challenges like "price pressure, fragmented demand patterns, raw material volatility, financing hurdles," could have contributed to a more cautious outlook for companies in the industrial pump sector.
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Franklin Electric (FELE) stock has lost about 5% since 6/30/2026 because of the following key factors:
1. Investor caution regarding future macroeconomic and geopolitical headwinds offset strong Q2 2026 performance. Franklin Electric reported robust second quarter of fiscal year 2026 results on July 28, 2026, with adjusted earnings per share (EPS) of $1.55, surpassing consensus estimates of $1.44 by $0.11, and revenue increasing 6.0% year-over-year to $622.88 million, exceeding the $605.92 million consensus. The company also raised its full-year fiscal year 2026 revenue guidance to a range of $2.21 billion to $2.29 billion and adjusted diluted EPS guidance to $4.50 to $4.70. However, during the Q2 2026 earnings call, management cited "some uncertainty in our global markets as we further assess the macroeconomic and geopolitical outlook," pointing to "another tariff announcement," "slower South America," and "Middle East impacts" as potential moderating factors for the second half of fiscal year 2026. This forward-looking caution likely weighed on investor sentiment despite the strong Q2 2026 results and raised guidance.
2. Weakness in specific regional markets for industrial pumps contributed to broader sector concerns. While the global pump market is projected for overall growth, specific regions faced headwinds. The Middle East & Africa region, an area of operations for Franklin Electric, is forecast to experience a -0.4% pump demand growth in fiscal year 2026 due to cutbacks in hydrocarbon production. This aligns with management's commentary during the Q2 2026 earnings call regarding "Middle East impacts." Such regional slowdowns, coupled with broader industry challenges like "price pressure, fragmented demand patterns, raw material volatility, financing hurdles," could have contributed to a more cautious outlook for companies in the industrial pump sector.
3. The acquisition of Cat Pumps, while strategically positive, introduced short-term uncertainty regarding its immediate earnings impact. Franklin Electric announced the acquisition of Cat Pumps on September 8, 2026. This acquisition of a "high-margin pump maker" is expected to provide an "earnings lift" for Franklin Electric, but only from fiscal year 2027. While beneficial in the long term, the lack of an immediate earnings boost in fiscal year 2026 and potential integration considerations could have led to some short-term investor apprehension or a "wait-and-see" approach, contributing to the stock's decline in the specified period.
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Stock Movement Drivers
Fundamental Drivers
The -6.3% change in FELE stock from 6/30/2026 to 10/20/2026 was primarily driven by a -9.7% change in the company's P/E Multiple.| (LTM values as of) | 6302026 | 10202026 | Change |
|---|---|---|---|
| Stock Price ($) | 106.92 | 100.19 | -6.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,176 | 2,212 | 1.6% |
| Net Income Margin (%) | 6.9% | 7.1% | 2.1% |
| P/E Multiple | 31.4 | 28.4 | -9.7% |
| Shares Outstanding (Mil) | 44 | 44 | 0.0% |
| Cumulative Contribution | -6.3% |
Market Drivers
6/30/2026 to 10/20/2026| Return | Correlation | |
|---|---|---|
| FELE | -6.3% | |
| Market (SPY) | 3.0% | 38.7% |
| Sector (XLI) | -9.9% | 59.5% |
Fundamental Drivers
The 9.3% change in FELE stock from 3/31/2026 to 10/20/2026 was primarily driven by a 3.8% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 3312026 | 10202026 | Change |
|---|---|---|---|
| Stock Price ($) | 91.68 | 100.19 | 9.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,131 | 2,212 | 3.8% |
| Net Income Margin (%) | 6.9% | 7.1% | 2.2% |
| P/E Multiple | 27.7 | 28.4 | 2.5% |
| Shares Outstanding (Mil) | 44 | 44 | 0.5% |
| Cumulative Contribution | 9.3% |
Market Drivers
3/31/2026 to 10/20/2026| Return | Correlation | |
|---|---|---|
| FELE | 9.3% | |
| Market (SPY) | 18.6% | 35.5% |
| Sector (XLI) | 3.4% | 63.6% |
Fundamental Drivers
The 6.4% change in FELE stock from 9/30/2025 to 10/20/2026 was primarily driven by a 19.0% change in the company's P/E Multiple.| (LTM values as of) | 9302025 | 10202026 | Change |
|---|---|---|---|
| Stock Price ($) | 94.18 | 100.19 | 6.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,060 | 2,212 | 7.4% |
| Net Income Margin (%) | 8.7% | 7.1% | -19.0% |
| P/E Multiple | 23.8 | 28.4 | 19.0% |
| Shares Outstanding (Mil) | 45 | 44 | 2.7% |
| Cumulative Contribution | 6.4% |
Market Drivers
9/30/2025 to 10/20/2026| Return | Correlation | |
|---|---|---|
| FELE | 6.4% | |
| Market (SPY) | 16.4% | 33.1% |
| Sector (XLI) | 9.1% | 52.9% |
Fundamental Drivers
The 15.9% change in FELE stock from 9/30/2023 to 10/20/2026 was primarily driven by a 38.6% change in the company's P/E Multiple.| (LTM values as of) | 9302023 | 10202026 | Change |
|---|---|---|---|
| Stock Price ($) | 86.44 | 100.19 | 15.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,095 | 2,212 | 5.6% |
| Net Income Margin (%) | 9.3% | 7.1% | -24.3% |
| P/E Multiple | 20.5 | 28.4 | 38.6% |
| Shares Outstanding (Mil) | 46 | 44 | 4.5% |
| Cumulative Contribution | 15.9% |
Market Drivers
9/30/2023 to 10/20/2026| Return | Correlation | |
|---|---|---|
| FELE | 15.9% | |
| Market (SPY) | 86.1% | 52.2% |
| Sector (XLI) | 71.1% | 66.2% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| FELE Return | 38% | -15% | 22% | 2% | -1% | 5% | 52% |
| Peers Return | 32% | -18% | 26% | 17% | 7% | -5% | 63% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 104% |
Monthly Win Rates [3] | |||||||
| FELE Win Rate | 83% | 33% | 50% | 50% | 67% | 50% | |
| Peers Win Rate | 65% | 33% | 55% | 60% | 57% | 44% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| FELE Max Drawdown | -12% | -28% | -21% | -12% | -21% | -18% | |
| Peers Max Drawdown | -14% | -37% | -21% | -15% | -26% | -26% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: XYL, PNR, IEX, ITT, DOV. See FELE Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 10/20/2026 (YTD)
How Low Can It Go
| Event | FELE | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -20.6% | -18.8% |
| % Gain to Breakeven | 25.9% | 23.1% |
| Time to Breakeven | 303 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -17.0% | -9.5% |
| % Gain to Breakeven | 20.5% | 10.5% |
| Time to Breakeven | 124 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -26.6% | -24.5% |
| % Gain to Breakeven | 36.3% | 32.4% |
| Time to Breakeven | 106 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -30.1% | -33.7% |
| % Gain to Breakeven | 43.1% | 50.9% |
| Time to Breakeven | 135 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -16.5% | -19.2% |
| % Gain to Breakeven | 19.7% | 23.8% |
| Time to Breakeven | 99 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -13.2% | -3.7% |
| % Gain to Breakeven | 15.2% | 3.9% |
| Time to Breakeven | 7 days | 6 days |
In The Past
Franklin Electric's stock fell -20.6% during the 2025 US Tariff Shock. Such a loss loss requires a 25.9% gain to breakeven.
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Asset Allocation
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| Event | FELE | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -20.6% | -18.8% |
| % Gain to Breakeven | 25.9% | 23.1% |
| Time to Breakeven | 303 days | 79 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -26.6% | -24.5% |
| % Gain to Breakeven | 36.3% | 32.4% |
| Time to Breakeven | 106 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -30.1% | -33.7% |
| % Gain to Breakeven | 43.1% | 50.9% |
| Time to Breakeven | 135 days | 140 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -20.5% | -12.2% |
| % Gain to Breakeven | 25.8% | 13.9% |
| Time to Breakeven | 48 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -36.1% | -6.8% |
| % Gain to Breakeven | 56.4% | 7.3% |
| Time to Breakeven | 182 days | 15 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -28.4% | -17.9% |
| % Gain to Breakeven | 39.6% | 21.8% |
| Time to Breakeven | 34 days | 123 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -22.7% | -15.4% |
| % Gain to Breakeven | 29.4% | 18.2% |
| Time to Breakeven | 126 days | 125 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -55.2% | -53.4% |
| % Gain to Breakeven | 123.4% | 114.4% |
| Time to Breakeven | 592 days | 1085 days |
In The Past
Franklin Electric's stock fell -20.6% during the 2025 US Tariff Shock. Such a loss loss requires a 25.9% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Franklin Electric (FELE)
Franklin Electric Co., Inc. (FELE) is a global designer, manufacturer, and distributor of systems essential for moving water and fuel. The company operates through three primary segments: Water Systems, Fueling Systems, and Distribution. Headquartered in Fort Wayne, Indiana, Franklin Electric has been serving various industries worldwide since its founding in 1944.
The Water Systems segment provides a comprehensive range of products including submersible motors, pumps, electronic controls, and water treatment solutions. These are primarily utilized for pumping clean water and wastewater across diverse applications in residential, agricultural, municipal, and industrial settings. Its Fueling Systems segment supplies pumps, piping, sumps, and electronic monitoring devices predominantly for fuel station infrastructure. This segment also extends its expertise to other energy markets, offering electronic devices for monitoring power utilities, hydroelectric systems, and telecommunication/data center infrastructure.
Franklin Electric serves a broad customer base through multiple channels. It sells its products to wholesale and retail distributors, specialty distributors, and original equipment manufacturers (OEMs). Additionally, the company supplies industrial and petroleum equipment distributors, and directly to oil and utility companies. Its Distribution segment further supports installing contractors by selling Water Systems products and providing essential presale support and specifications.
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Here are 1-2 brief analogies for Franklin Electric (FELE):
- It's like Carrier for water and fuel pumping and monitoring systems.
- Think of them as the Johnson Controls for essential water and fuel infrastructure.
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- Water Pumping Systems: A range of products including submersible motors, pumps, drives, and electronic controls primarily used for moving clean water and wastewater.
- Water Treatment Systems: Equipment specifically designed for the purification and conditioning of water.
- Water Systems Monitoring Devices: Tools used to observe and report on the performance and conditions of water infrastructure.
- Fueling System Components: Core parts such as pumps, pipes, sumps, fittings, and vapor recovery components for fuel transfer and storage applications.
- Fueling System Electronic Controls and Monitoring Devices: Electronic systems that manage and oversee operations within fueling systems and other energy infrastructure.
- Power Reliability Systems: Solutions developed to maintain consistent power stability and availability across various energy markets.
- Product Distribution Services: Services involving the wholesale distribution and presale support of water systems products to installing contractors.
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Based on the provided company description, Franklin Electric (FELE) sells primarily to other companies (business-to-business) rather than directly to individual consumers. The background information does not explicitly name specific major customer companies or their public symbols.
However, the company states that it sells its products to the following categories of businesses:
- Wholesale and retail distributors
- Specialty distributors
- Original equipment manufacturers (OEMs)
- Industrial and petroleum equipment distributors
- Oil and utility companies
- Installing contractors (through its Distribution segment, which provides presale support and specifications)
Given the absence of specific customer company names in the provided background information, it is not possible to list them or their corresponding stock symbols.
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Joe Ruzynski, Chief Executive Officer
Mr. Ruzynski joined Franklin Electric as Chief Executive Officer and a member of the Board of Directors in July 2024. Prior to that, he served as President of the Enclosures Segment at nVent Electric plc, a global leader in electrical connection and protection solutions, from 2018 to 2024. Before nVent, he held various leadership roles at Pentair plc, a global water technology company. He has substantial experience in the industrial and electrical sectors, with a track record of driving growth and innovation. Mr. Ruzynski received his Bachelor's degree in math and computer science from Saint John's University and an MBA from the University of Minnesota.
Jennifer Wolfenbarger, Chief Financial Officer and Chief Accounting Officer
Mrs. Wolfenbarger joined Franklin Electric in July 2025 as the Chief Financial Officer and Chief Accounting Officer. Prior to joining Franklin Electric, she served as Vice President and Chief Financial Officer of the Insulation business for Owens Corning. She previously held divisional CFO roles for Stryker, Caterpillar, and General Motors. Mrs. Wolfenbarger holds a Master of Business Administration degree from Butler University, a Bachelor of Science degree in Accounting from Butler University, and is a Certified Management Accountant.
Gregg C. Sengstack, Executive Chairperson
Mr. Sengstack currently serves as Executive Chairperson of Franklin Electric Co., Inc., a role he assumed in July 2024 after stepping down as Chief Executive Officer. He was CEO from 2014 to 2024 and Chairperson of the Board from 2015. Mr. Sengstack joined Franklin Electric in 1988 as assistant treasurer, later becoming Chief Financial Officer in 1999. He also held roles as Senior Vice President and President of Franklin Fueling Systems and International Water Group, and then President and Chief Operating Officer before becoming CEO. As CEO, he led a strategic transformation at Franklin Electric, which included the rapid expansion of the company's energy systems business, forward integration into distribution in the U.S., portfolio extensions into the adjacent water treatment market, and the introduction of connected solutions. Mr. Sengstack earned his bachelor's degree at Bucknell University and his MBA at the University of Chicago.
Mr. Levine, Vice President and President, Global Water Systems
Mr. Levine joined Franklin Electric in 2023 from Nidec Motion Control and Drives, St. Louis, where he served as President for six years. In this role, he oversaw an international team of 3,800 across 13 operational sites and positioned the company to grow twofold through organic growth and acquisitions. Before working at Nidec, Mr. Levine held senior engineering roles at Emerson for 15 years.
Jay Walsh, Vice President and President, Franklin Energy Systems
Mr. Walsh has served as President of Franklin Energy Systems since 2017, responsible for the growth and continued success of the Fueling and Grid Solutions businesses. He started with Franklin Electric in 1995 in the fueling business then known as FE Petro. Prior to taking over as President of Franklin Energy Systems, he held roles with increasing responsibility in marketing and sales.
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Sensitivity to Macroeconomic Conditions and Industrial Demand Fluctuations: Franklin Electric's performance is significantly impacted by overall economic conditions, including housing starts, interest rates, and spending in agricultural, municipal, industrial, and energy markets. Fluctuations in these areas can lead to reduced demand for its products, declining backlogs, channel inventory adjustments, and project delays, directly affecting revenue and earnings.
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Volatility in Raw Material Prices and Supply Chain Disruptions: As a manufacturer, Franklin Electric is exposed to the volatility of raw material costs and potential disruptions in its supply chain. Significant changes in the prices of materials such as metals and plastics, or issues in sourcing these materials, can impact operational costs, gross margins, and overall profitability.
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Regulatory Changes and Trade Policies: Operating globally and in sectors related to water and fuel systems exposes Franklin Electric to various regulatory changes, including environmental legislation, tax laws, and international trade policies. Changes in these regulations, such as the imposition of tariffs, can increase operating costs, affect market access, and influence the demand for specific products, thereby impacting financial results.
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The accelerating global shift towards electric vehicles poses a clear emerging threat to Franklin Electric's Fueling Systems segment. As electric vehicle adoption increases, the demand for traditional liquid fuel pumping and distribution infrastructure, which is a primary focus of this segment, will diminish.
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For its **Water Systems** segment, which includes submersible motors, pumps, drives, electronic controls, water treatment systems, and monitoring devices:
- The U.S. groundwater market, relevant to Franklin Electric's Distribution segment, is valued at over $4 billion.
- The global submersible pumps market was estimated to be between USD 13.79 billion and USD 17.76 billion in 2025, with projections to reach approximately USD 22.23 billion by 2035 (CAGR of 4.89%) or USD 30.61 billion by 2034 (CAGR of 6.00%).
- The global water treatment systems market was approximately USD 45.15 billion in 2025 and is projected to grow to about USD 91.39 billion by 2034, at a Compound Annual Growth Rate (CAGR) of 8.15% from 2025 to 2034.
- The global water and wastewater pumps market was valued at USD 19.53 billion in 2025 and is predicted to increase to approximately USD 36.67 billion by 2034, expanding at a CAGR of 7.25% from 2025 to 2034.
For its **Fueling Systems** segment, which provides pumps, pipes, sumps, fittings, vapor recovery components, electronic controls, and monitoring devices for fueling system applications:
- Franklin Electric's Energy Systems segment (formerly Fueling Systems) addresses a market worth over $1.3 billion.
- The global fuel pumps market was valued at approximately USD 8.29 billion in 2025 and is predicted to increase to about USD 11.91 billion by 2035, growing at a CAGR of 3.69% from 2026 to 2035.
- The global automotive electric fuel pump market was valued at USD 21.97 billion in 2025 and is projected to grow to USD 37.78 billion by 2034, exhibiting a CAGR of 6.21% during the forecast period.
- The global fuel management system market, which includes monitoring devices, was valued at approximately USD 2.8 billion in 2023 and is projected to reach USD 5.7 billion by 2032, growing at a CAGR of 8.3% during the forecast period.
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Franklin Electric (FELE) is expected to drive future revenue growth over the next two to three years through a combination of strategic initiatives and market conditions:
- Strategic Acquisitions: The company has demonstrated a consistent focus on inorganic growth through targeted acquisitions. For example, in 2025, Franklin Electric acquired PumpEng Pty Ltd, a producer of submersible pumps for the mining sector. Acquisitions have been cited as a key factor contributing to year-over-year revenue growth across all three segments—Water Systems, Energy Systems, and Distribution.
- New Product Development and Innovation: Franklin Electric continues to invest in innovation and expand its product portfolio. Recent developments include the launch of new Cerus® X-Drive™ Pump Panels with Low Harmonic Mitigation and the Pioneer Pump® NSF/ANSI 61-Certified Pump Line in 2025. Additionally, enhancements to the FPS Submersible Wastewater Pump portfolio, including new NC Series solids handling pump models and improvements to the IGP Series Retrofit Kit, were announced in 2024. The FranklinWH 2024 product lineup also introduced the aPower 2 energy battery and an enhanced AATE controller, aiming for whole-home backup solutions.
- Effective Pricing Actions: The company has successfully implemented pricing strategies that contribute to revenue growth. The full year 2025 results were supported by "effective pricing actions." Price realization also contributed to sales increases in the Energy Systems and Distribution segments in the fourth quarter of 2025.
- Optimization of Global Manufacturing Footprint and Operational Efficiencies: Franklin Electric is actively working to enhance its operational capabilities. The company's CEO highlighted "transformation initiatives" and efforts to "expand and optimize our global manufacturing footprint, positioning Franklin Electric to better serve customers and support future growth." Furthermore, the launch of a Value Acceleration Office in 2026 aims to drive productivity and efficiency, which can enable greater capacity and responsiveness to market demand.
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Share Repurchases
- Franklin Electric repurchased approximately 1.8 million shares in 2025, including about 350,000 shares for roughly $34.3 million during the fourth quarter of 2025, and a total of approximately $160 million in share buybacks for the full year.
- On June 13, 2025, the company acquired 1,200,000 shares of its common stock at $86.78 per share from the Patricia Schaefer Settlement Trust, totaling approximately $104.1 million.
- After the June 2025 transaction, Franklin Electric was authorized to repurchase up to an aggregate of 1,126,635 shares of common stock, with approximately 0.8 million shares remaining under authorization at the end of the fourth quarter 2025.
Share Issuance
- Proceeds from the issuance of common stock were $5.321 million in 2025 and $7.204 million in 2024.
Outbound Investments
- In 2025, Franklin Electric completed two important acquisitions and several smaller deals, with total acquisitions and investments amounting to approximately $114.664 million.
- The company acquired PumpEng, a manufacturer of submersible pumps, in February 2025.
- In February 2025, Franklin Electric signed an agreement to acquire Barnes de Colombia S.A., a manufacturer and distributor of industrial and commercial pumps, to expand its presence in Latin America.
Capital Expenditures
- Franklin Electric's capital expenditures were $45.3 million for fiscal year 2025.
- Capital expenditures in the fourth quarter of 2025 were $15.5 million, marking a 36.1% increase from the prior quarter.
- The company has increased its capital spending, focusing on strategic investments in innovation and targeted acquisitions to expand its portfolio and market reach.
Peer Outperformance in Industrial Machinery & Supplies & Components
| Ticker | Name | Rev Growth 3Y Avg | P/E | 1Y | 3Y | 5Y | 5Y Gap |
|---|---|---|---|---|---|---|---|
| FELE | Franklin Electric | 1.9% | 28.4x | 3.2% | 21.4% | 22.0% | — |
| NPO | Enpro | 3.6% | 138.5x | 24.3% | 153.3% | 244.7% | +223pp |
| PH | Parker Hannifin | 4.1% | 32.7x | 28.7% | 161.1% | 236.5% | +214pp |
| GWW | W.W. Grainger | 5.6% | 33.7x | 38.7% | 98.1% | 222.1% | +200pp |
| FLS | Flowserve | 5.4% | 24.0x | 38.1% | 97.4% | 104.2% | +82pp |
| LECO | Lincoln Electric | 4.2% | 25.7x | 10.0% | 57.7% | 93.5% | +72pp |
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Construction & Engineering | 30 | -2.5% | 112.7% | 156.5% | STRL 1708% · FIX 1636% · AGX 751% |
| Marine Transportation | 5 | 57.6% | 46.0% | 119.9% | MATX 204% · KEX 144% |
| Construction Machinery & Heavy Transportation Equipment | 13 | -3.4% | 56.6% | 79.2% | CAT 287% · ALSN 234% · WAB 213% |
| Aerospace & Defense | 52 | -13.0% | 56.3% | 58.9% | ATI 1008% · FTAI 739% · HWM 594% |
| Trading Companies & Distributors | 19 | 7.7% | 38.5% | 49.3% | DXPE 419% · AIT 249% · URI 196% |
| Industrial Machinery & Supplies & Components ← | 72 | 7.7% | 56.3% | 40.4% | CRS 1082% · MLI 418% · SYM 300% |
| Diversified Support Services | 33 | 14.3% | 32.6% | 32.2% | CXW 229% · OPLN 148% · CACI 115% |
| Rail Transportation | 7 | 29.2% | 45.4% | 29.5% | CSX 49% · UNP 41% · NSC 29% |
| Building Products | 33 | -11.1% | 10.1% | 23.0% | GFF 335% · TT 178% · JCI 123% |
| Cargo Ground Transportation | 16 | 31.6% | 5.2% | 22.4% | XPO 269% · R 206% · ARCB 56% |
| Electrical Components & Equipment | 37 | -12.5% | 73.5% | 9.4% | POWL 1987% · BE 965% · VRT 772% |
| Industrial Conglomerates | 17 | 11.1% | 4.3% | -8.0% | CSW 120% · DD 67% · CSL 65% |
| Agricultural & Farm Machinery | 16 | 3.1% | -3.3% | -12.6% | DE 96% · TTC 13% · AGCO -7% |
| Data Processing & Outsourced Services | 6 | -24.3% | -3.7% | -20.1% | EXLS 65% · BR 9% · G -18% |
| Office Services & Supplies | 9 | 18.3% | 20.0% | -27.7% | PBI 188% · TILE 139% · HNI 39% |
| Security & Alarm Services | 9 | -57.8% | 14.7% | -29.8% | BCO 85% |
| Research & Consulting Services | 13 | -1.3% | -17.9% | -30.2% | HURN 268% · FCN 5% · BAH 2% |
| Environmental & Facilities Services | 29 | -33.0% | 27.0% | -32.7% | GEO 239% · CLH 183% · RSG 91% |
| Passenger Ground Transportation | 3 | -26.4% | 60.5% | -32.7% | UBER 50% · CAR -33% · LYFT -65% |
| Passenger Airlines | 11 | -2.0% | 12.6% | -38.0% | LTM 3147% · UAL 113% · DAL 98% |
| Air Freight & Logistics | 12 | -28.8% | -23.0% | -39.7% | FDX 78% · EXPD 77% · CHRW 61% |
| Human Resource & Employment Services | 22 | 11.4% | -15.0% | -44.4% | ADP 54% · PAYX 8% · FA 3% |
| Airport Services | 4 | -73.3% | -68.4% | -83.5% | JOBY -49% |
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 150.59 |
| Mkt Cap | 17.4 |
| Rev LTM | 4,375 |
| Op Inc LTM | 808 |
| FCF LTM | 657 |
| FCF 3Y Avg | 669 |
| CFO LTM | 734 |
| CFO 3Y Avg | 741 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 7.3% |
| Rev Chg 3Y Avg | 2.6% |
| Rev Chg Q | 6.2% |
| QoQ Delta Rev Chg LTM | 1.6% |
| Op Inc Chg LTM | 10.3% |
| Op Inc Chg 3Y Avg | 6.7% |
| Op Mgn LTM | 16.2% |
| Op Mgn 3Y Avg | 16.3% |
| QoQ Delta Op Mgn LTM | 0.1% |
| CFO/Rev LTM | 15.4% |
| CFO/Rev 3Y Avg | 14.8% |
| FCF/Rev LTM | 12.3% |
| FCF/Rev 3Y Avg | 12.0% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Water Systems | 1,256 | 1,184 | 1,204 | 1,158 | 964 |
| Distribution | 701 | 686 | 673 | 668 | 498 |
| Energy Systems | 299 | 274 | 296 | 334 | 289 |
| Elimination of intersegment sales | -125 | -122 | -108 | -116 | |
| Intersegment Eliminations/Other | -88 | ||||
| Total | 2,131 | 2,021 | 2,065 | 2,044 | 1,662 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Water Systems | 207 | 198 | 197 | 172 | 139 |
| Energy Systems | 99 | 94 | 93 | 97 | 80 |
| Distribution | 40 | 24 | 34 | 54 | 36 |
| Deferred intersegment profit | -2 | -0 | 2 | -4 | |
| Foreign exchange expense | -9 | ||||
| Corporate general and administrative expenses | -11 | -72 | -63 | -62 | |
| Pension settlement loss | -55 | ||||
| Intersegment Eliminations/Other | -65 | ||||
| Total | 269 | 244 | 262 | 257 | 189 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Water Systems | 1,235 | 999 | 1,044 | 1,018 | 894 |
| Distribution | 367 | 359 | 366 | 360 | 363 |
| Energy Systems | 260 | 250 | 256 | 269 | 274 |
| Corporate | 83 | 212 | 62 | 47 | |
| Intersegment Eliminations/Other | 44 | ||||
| Total | 1,944 | 1,821 | 1,728 | 1,694 | 1,575 |
Price Behavior
| Market Price | $100.19 | |
| Market Cap ($ Bil) | 4.4 | |
| First Trading Date | 03/26/1990 | |
| Distance from 52W High | -8.7% | |
| 50 Days | 200 Days | |
| DMA Price | $99.54 | $99.90 |
| DMA Trend | down | indeterminate |
| Distance from DMA | 0.7% | 0.3% |
| 3M | 1YR | |
| Volatility | 20.5% | 27.3% |
| Downside Capture | 113.16 | 67.39 |
| Upside Capture | 76.38 | 60.83 |
| Correlation (S&P 500) | 40.9% | 33.0% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.50 | 0.88 | 0.78 | 0.68 | 0.70 | 0.88 |
| Up Beta | 0.36 | 0.97 | 0.00 | 0.28 | 0.77 | 0.96 |
| Down Beta | 0.68 | 0.56 | 0.86 | 0.62 | 0.69 | 0.80 |
| Up Capture | 28% | 55% | 70% | 70% | 52% | 53% |
| Bmk +ve Days | 6 | 16 | 27 | 66 | 132 | 424 |
| Stock +ve Days | 10 | 18 | 28 | 60 | 125 | 372 |
| Down Capture | 99% | 151% | 143% | 100% | 78% | 99% |
| Bmk -ve Days | 16 | 26 | 37 | 60 | 120 | 328 |
| Stock -ve Days | 12 | 24 | 36 | 66 | 127 | 379 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FELE | |
|---|---|---|---|---|
| FELE | 4.1% | 27.3% | 0.13 | - |
| Sector ETF (XLI) | 10.9% | 17.2% | 0.43 | 52.8% |
| Equity (SPY) | 16.8% | 12.7% | 0.93 | 32.4% |
| Gold (GLD) | -2.9% | 29.3% | -0.10 | 12.1% |
| Commodities (DBC) | 52.5% | 20.7% | 1.93 | -21.8% |
| Real Estate (VNQ) | 5.1% | 13.8% | 0.11 | 27.3% |
| Bitcoin (BTCUSD) | -23.7% | 43.6% | -0.50 | 11.7% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FELE | |
|---|---|---|---|---|
| FELE | 5.4% | 27.1% | 0.19 | - |
| Sector ETF (XLI) | 12.4% | 17.6% | 0.54 | 69.0% |
| Equity (SPY) | 13.6% | 17.1% | 0.61 | 58.4% |
| Gold (GLD) | 18.1% | 18.9% | 0.77 | 7.2% |
| Commodities (DBC) | 9.7% | 19.5% | 0.38 | 5.5% |
| Real Estate (VNQ) | 1.4% | 18.9% | -0.03 | 50.0% |
| Bitcoin (BTCUSD) | 7.7% | 51.7% | 0.33 | 24.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FELE | |
|---|---|---|---|---|
| FELE | 10.7% | 30.9% | 0.39 | - |
| Sector ETF (XLI) | 13.1% | 20.0% | 0.57 | 67.7% |
| Equity (SPY) | 15.3% | 17.9% | 0.72 | 60.9% |
| Gold (GLD) | 12.1% | 16.4% | 0.60 | 4.2% |
| Commodities (DBC) | 8.2% | 18.1% | 0.37 | 15.2% |
| Real Estate (VNQ) | 5.2% | 20.7% | 0.21 | 50.0% |
| Bitcoin (BTCUSD) | 62.9% | 66.2% | 1.03 | 16.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 8/28/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 7/28/2026 | 4.1% | 1.5% | -3.2% |
| 4/28/2026 | -0.4% | -4.5% | -2.0% |
| 2/17/2026 | -14.7% | -12.5% | -15.6% |
| 10/28/2025 | -3.3% | -5.4% | -3.1% |
| 7/29/2025 | 2.8% | 0.4% | 6.1% |
| 4/29/2025 | -4.4% | -1.1% | -2.9% |
| 2/18/2025 | 6.0% | 3.8% | -0.8% |
| 10/29/2024 | -6.3% | -3.5% | 5.6% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 10 | 11 | 11 |
| # Negative | 14 | 13 | 13 |
| Median Positive | 3.4% | 1.5% | 5.7% |
| Median Negative | -4.4% | -3.5% | -3.2% |
| Max Positive | 6.9% | 15.4% | 15.8% |
| Max Negative | -14.7% | -12.5% | -15.6% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 7/28/2026 | 4.1% | 1.5% | -3.2% |
| 4/28/2026 | -0.4% | -4.5% | -2.0% |
| 2/17/2026 | -14.7% | -12.5% | -15.6% |
| 10/28/2025 | -3.3% | -5.4% | -3.1% |
| 7/29/2025 | 2.8% | 0.4% | 6.1% |
| 4/29/2025 | -4.4% | -1.1% | -2.9% |
| 2/18/2025 | 6.0% | 3.8% | -0.8% |
| 10/29/2024 | -6.3% | -3.5% | 5.6% |
| 7/23/2024 | -4.3% | 0.3% | -4.5% |
| 4/30/2024 | -6.8% | -2.9% | -6.6% |
| 2/13/2024 | -4.4% | -0.9% | 1.3% |
| 10/24/2023 | 1.1% | 1.4% | 6.0% |
| 7/25/2023 | -4.6% | -7.1% | -11.3% |
| 5/2/2023 | 6.9% | 3.7% | 0.7% |
| 2/14/2023 | 3.6% | 2.8% | -3.2% |
| 10/25/2022 | -6.9% | -5.8% | -2.4% |
| 7/26/2022 | 5.4% | 15.4% | 15.8% |
| 4/26/2022 | -14.7% | -11.2% | -11.5% |
| 2/15/2022 | 3.2% | -1.6% | -1.3% |
| 10/26/2021 | -0.9% | 0.5% | 10.8% |
| 7/27/2021 | -2.4% | -2.1% | 1.1% |
| 4/27/2021 | 0.7% | 3.2% | 1.7% |
| 2/16/2021 | 0.7% | 1.1% | 5.7% |
| 10/27/2020 | -1.0% | -0.5% | 11.4% |
| SUMMARY STATS | |||
| # Positive | 10 | 11 | 11 |
| # Negative | 14 | 13 | 13 |
| Median Positive | 3.4% | 1.5% | 5.7% |
| Median Negative | -4.4% | -3.5% | -3.2% |
| Max Positive | 6.9% | 15.4% | 15.8% |
| Max Negative | -14.7% | -12.5% | -15.6% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 07/29/2026 | 10-Q |
| 03/31/2026 | 04/29/2026 | 10-Q |
| 12/31/2025 | 02/20/2026 | 10-K |
| 09/30/2025 | 10/30/2025 | 10-Q |
| 06/30/2025 | 07/31/2025 | 10-Q |
| 03/31/2025 | 05/01/2025 | 10-Q |
| 12/31/2024 | 02/21/2025 | 10-K |
| 09/30/2024 | 10/31/2024 | 10-Q |
| 06/30/2024 | 07/26/2024 | 10-Q |
| 03/31/2024 | 04/30/2024 | 10-Q |
| 12/31/2023 | 02/23/2024 | 10-K |
| 09/30/2023 | 10/27/2023 | 10-Q |
| 06/30/2023 | 07/28/2023 | 10-Q |
| 03/31/2023 | 05/05/2023 | 10-Q |
| 12/31/2022 | 02/22/2023 | 10-K |
| 09/30/2022 | 11/01/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 07/29/2026 | 10-Q |
| 03/31/2026 | 04/29/2026 | 10-Q |
| 12/31/2025 | 02/20/2026 | 10-K |
| 09/30/2025 | 10/30/2025 | 10-Q |
| 06/30/2025 | 07/31/2025 | 10-Q |
| 03/31/2025 | 05/01/2025 | 10-Q |
| 12/31/2024 | 02/21/2025 | 10-K |
| 09/30/2024 | 10/31/2024 | 10-Q |
| 06/30/2024 | 07/26/2024 | 10-Q |
| 03/31/2024 | 04/30/2024 | 10-Q |
| 12/31/2023 | 02/23/2024 | 10-K |
| 09/30/2023 | 10/27/2023 | 10-Q |
| 06/30/2023 | 07/28/2023 | 10-Q |
| 03/31/2023 | 05/05/2023 | 10-Q |
| 12/31/2022 | 02/22/2023 | 10-K |
| 09/30/2022 | 11/01/2022 | 10-Q |
| 06/30/2022 | 08/02/2022 | 10-Q |
| 03/31/2022 | 05/03/2022 | 10-Q |
| 12/31/2021 | 02/25/2022 | 10-K |
| 09/30/2021 | 11/02/2021 | 10-Q |
| 06/30/2021 | 08/03/2021 | 10-Q |
| 03/31/2021 | 04/30/2021 | 10-Q |
| 12/31/2020 | 02/24/2021 | 10-K |
| 09/30/2020 | 10/30/2020 | 10-Q |
| 06/30/2020 | 08/04/2020 | 10-Q |
| 03/31/2020 | 05/05/2020 | 10-Q |
| 12/31/2019 | 02/25/2020 | 10-K |
| 09/30/2019 | 11/05/2019 | 10-Q |
Recent Forward Guidance
Updated 10/4/2026Latest: Q2 2026 Earnings Reported 7/28/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Net Sales | Reported | 2.21 Bil | 2.25 Bil | 2.29 Bil | 2.0% | Raised | Guidance: 2.21 Bil for 2026 | |
| 2026 Adjusted Diluted EPS | Reported | 4.5 | 4.6 | 4.7 | 2.2% | Raised | Guidance: 4.5 for 2026 | |
Prior: Q1 2026 Earnings Reported 4/28/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue | Reported | 2.17 Bil | 2.21 Bil | 2.24 Bil | 0 | Affirmed | Guidance: 2.21 Bil for 2026 | |
| 2026 Adjusted Diluted EPS | Reported | 4.4 | 4.5 | 4.6 | 0 | Affirmed | Guidance: 4.5 for 2026 | |
Q4 2025 Earnings Reported 2/17/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue | Reported | 2.17 Bil | 2.21 Bil | 2.24 Bil | 4.0% | Higher New | Guidance: 2.12 Bil for 2025 | |
| 2026 Adjusted Diluted EPS | Reported | 4.4 | 4.5 | 4.6 | 9.8% | Higher New | Guidance: 4.1 for 2025 | |
Q3 2025 Earnings Reported 10/28/2025
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2025 Revenue | Reported | 2.09 Bil | 2.12 Bil | 2.15 Bil | 0 | Affirmed | Guidance: 2.12 Bil for 2025 | |
| 2025 EPS | Reported | 4 | 4.1 | 4.2 | 0 | Affirmed | Guidance: 4.1 for 2025 | |
Insider Activity
Updated 8/24/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Grandon, Jonathan M | Chief Administrative Officer | Direct | Sell | 6102026 | 103.40 | 8,547 | 883,785 | 776,453 | Form |
| 2 | Davis, Delancey W | President, Headwater Companies | Direct | Sell | 5052026 | 98.78 | 200 | 19,755 | 1,215,130 | Form |
| 3 | Grandon, Jonathan M | Chief Administrative Officer | Direct | Sell | 5042026 | 100.02 | 4,988 | 498,903 | 751,056 | Form |
| 4 | Ruzynski, Joseph A | CEO | Direct | Buy | 2232026 | 93.34 | 500 | 46,670 | 2,120,869 | Form |
| 5 | Sengstack, Gregg C | Sengstack Family Foundation | Sell | 12122025 | 97.33 | 1,000 | 97,331 | 2,889,477 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Grandon, Jonathan M | Chief Administrative Officer | Direct | Sell | 6102026 | 103.40 | 8,547 | 883,785 | 776,453 | Form |
| 2 | Davis, Delancey W | President, Headwater Companies | Direct | Sell | 5052026 | 98.78 | 200 | 19,755 | 1,215,130 | Form |
| 3 | Grandon, Jonathan M | Chief Administrative Officer | Direct | Sell | 5042026 | 100.02 | 4,988 | 498,903 | 751,056 | Form |
| 4 | Ruzynski, Joseph A | CEO | Direct | Buy | 2232026 | 93.34 | 500 | 46,670 | 2,120,869 | Form |
| 5 | Sengstack, Gregg C | Sengstack Family Foundation | Sell | 12122025 | 97.33 | 1,000 | 97,331 | 2,889,477 | Form | |
| 6 | Sengstack, Gregg C | Direct | Sell | 12122025 | 97.03 | 10,779 | 1,045,908 | 10,678,954 | Form | |
| 7 | Grandon, Jonathan M | Chief Administrative Officer | Direct | Sell | 8152025 | 98.03 | 10,036 | 983,868 | 801,035 | Form |
| 8 | Sengstack, Gregg C | Direct | Sell | 8142025 | 98.19 | 10,000 | 981,943 | 12,806,992 | Form |
Investor Activity (13F)
Updated Oct 21, 2026Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
| Active Manager |
|---|
Industry Resources
| Industrials Resources |
| IndustryWeek |
| Manufacturing.net |
| Aviation Week |
| Industrial Machinery & Supplies & Components Resources |
| Machine Design |
| Modern Machine Shop |
| Industrial Equipment News (IEN) |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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