Franklin Electric (NASDAQ:FELE) Cut to Hold at Wall Street Zen

Key Points

• Wall Street Zen downgraded Franklin Electric from “Buy” to “Hold.” The broader analyst consensus is also “Hold,” with an average price target of $114.50.
• Franklin Electric exceeded quarterly expectations, reporting $1.55 in EPS versus the $1.44 consensus and $622.88 million in revenue, up 6% year over year.
• The stock opened at $99.76, with a $4.41 billion market capitalization and a 12-month trading range of $89.54 to $115.82; insiders own 2.89% of shares while institutions hold nearly 80%.

Franklin Electric (NASDAQ:FELE - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report released on Saturday, Wall Street Zen reports.

Other equities analysts also recently issued reports about the stock. DA Davidson upped their price objective on shares of Franklin Electric from $100.00 to $105.00 and gave the company a "neutral" rating in a report on Wednesday, July 29th. Weiss Ratings upgraded shares of Franklin Electric from a "hold (c)" rating to a "hold (c+)" rating in a research note on Thursday, July 30th. Finally, Robert W. Baird lifted their target price on shares of Franklin Electric from $118.00 to $124.00 and gave the stock a "neutral" rating in a report on Wednesday, July 29th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $114.50.

Franklin Electric Stock Performance

FELE opened at $99.76 on Friday. The company has a quick ratio of 1.10, a current ratio of 2.41 and a debt-to-equity ratio of 0.10. Franklin Electric has a 12-month low of $89.54 and a 12-month high of $115.82. The business has a 50 day moving average of $104.48 and a 200-day moving average of $100.50. The stock has a market cap of $4.41 billion, a price-to-earnings ratio of 28.75, a PEG ratio of 1.78 and a beta of 1.02.

Franklin Electric (NASDAQ:FELE - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $1.55 earnings per share for the quarter, beating analysts' consensus estimates of $1.44 by $0.11. Franklin Electric had a return on equity of 15.18% and a net margin of 7.06%.The business had revenue of $622.88 million for the quarter, compared to analysts' expectations of $605.92 million. During the same quarter in the prior year, the business earned $1.31 EPS. The firm's revenue for the quarter was up 6.0% on a year-over-year basis. Franklin Electric has set its FY 2026 guidance at 4.500-4.700 EPS. On average, equities research analysts expect that Franklin Electric will post 4.65 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Jonathan Grandon sold 8,547 shares of the business's stock in a transaction on 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 in the company, valued at $776,430.60. The trade was a 53.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 2.89% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Quarry LP bought a new stake in shares of Franklin Electric in the third quarter valued at about $28,000. Aster Capital Management DIFC Ltd acquired a new position in shares of Franklin Electric in the fourth quarter valued at about $35,000. Trust Co. of Vermont bought a new position in Franklin Electric during the second quarter worth about $44,000. EverSource Wealth Advisors LLC increased its position in Franklin Electric by 31.2% during the second quarter. EverSource Wealth Advisors LLC now owns 425 shares of the industrial products company's stock worth $38,000 after acquiring an additional 101 shares during the period. Finally, Farther Finance Advisors LLC raised its stake in Franklin Electric by 213.1% in the 4th quarter. Farther Finance Advisors LLC now owns 454 shares of the industrial products company's stock worth $43,000 after purchasing an additional 309 shares in the last quarter. Institutional investors own 79.98% of the company's stock.

Franklin Electric Company Profile

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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