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

Key Points

• Wall Street Zen downgraded Franklin Electric from “Buy” to “Hold.” Other analyst views were mixed, with MarketBeat reporting an average “Hold” rating and a consensus price target of $114.50.
• Franklin Electric exceeded quarterly expectations, reporting $1.55 in EPS versus the $1.44 estimate and $622.88 million in revenue, up 6% year over year.
• The stock opened at $100.16, with a $4.43 billion market capitalization, while institutional investors owned approximately 79.98% of outstanding shares.

Franklin Electric (NASDAQ:FELE - Get Free Report) was downgraded by Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Saturday, Wall Street Zen reports.

Several other brokerages also recently commented on FELE. Weiss Ratings raised Franklin Electric from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday. Robert W. Baird upped their target price on shares of Franklin Electric from $118.00 to $124.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 29th. Finally, DA Davidson reaffirmed a "neutral" rating and set a $105.00 price target on shares of Franklin Electric in a research note on Wednesday, September 9th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Franklin Electric has an average rating of "Hold" and an average target price of $114.50.

Franklin Electric Stock Performance

NASDAQ:FELE opened at $100.16 on Friday. The stock's fifty day moving average is $99.69 and its 200 day moving average is $101.01. Franklin Electric has a fifty-two week low of $89.54 and a fifty-two week high of $115.82. The firm has a market capitalization of $4.43 billion, a PE ratio of 22.13, a PEG ratio of 1.80 and a beta of 1.03. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.10 and a current ratio of 2.41.

Franklin Electric (NASDAQ:FELE - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $1.55 earnings per share (EPS) for the quarter, topping 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 company had revenue of $622.88 million during the quarter, compared to the consensus estimate of $605.92 million. During the same period last year, the company earned $1.31 earnings per share. Franklin Electric's revenue 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, sell-side analysts anticipate that Franklin Electric will post 4.65 earnings per share for the current year.

Institutional Investors Weigh In On Franklin Electric

Hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in Franklin Electric in the second quarter valued at approximately $698,173,000. Dimensional Fund Advisors LP raised its position in shares of Franklin Electric by 3.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,009,687 shares of the industrial products company's stock valued at $93,059,000 after purchasing an additional 36,268 shares during the last quarter. Amundi lifted its stake in shares of Franklin Electric by 25.2% during the first quarter. Amundi now owns 881,425 shares of the industrial products company's stock worth $81,225,000 after buying an additional 177,433 shares during the period. Bank of America Corp DE lifted its position in Franklin Electric by 11.0% during the 1st quarter. Bank of America Corp DE now owns 824,085 shares of the industrial products company's stock worth $75,956,000 after acquiring an additional 81,988 shares during the period. Finally, Segall Bryant & Hamill LLC grew its stake in Franklin Electric by 81.4% during the 1st quarter. Segall Bryant & Hamill LLC now owns 481,906 shares of the industrial products company's stock valued at $44,417,000 after purchasing an additional 216,250 shares during the last quarter. Hedge funds and other institutional investors own 79.98% of the company's stock.

About Franklin Electric

Franklin Electric Co, Inc NASDAQ: FELE is a global manufacturer and distributor of systems and components used to move, manage and control water and other fluids. Founded in 1944 and headquartered in Bluffton, Indiana, the company originally focused on submersible electric motors and has expanded into a broader range of fluid-handling technologies.

Franklin Electric's Water Systems business supplies submersible pumps, motors, drives, controls, monitoring equipment and related products for residential, commercial, agricultural, municipal and industrial applications.

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