Wall Street Zen Upgrades Franklin Electric (NASDAQ:FELE) to "Buy"

Key Points

• Wall Street Zen upgraded Franklin Electric from “Hold” to “Buy,” while the broader analyst consensus remains “Hold” with an average price target of $114.50.
• Franklin Electric reported quarterly EPS of $1.55, beating estimates of $1.44, while revenue rose 6% year over year to $622.88 million. The company issued fiscal 2026 EPS guidance of $4.50–$4.70.
• FELE shares opened at $98.36, near their 50-day average of $98.97 and below the 52-week high of $115.82. Institutional investors own approximately 79.98% of the company’s stock.

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

Several other analysts also recently commented on the stock. Robert W. Baird increased their target price on shares of Franklin Electric from $118.00 to $124.00 and gave the company a "neutral" rating in a report on Wednesday, July 29th. DA Davidson restated a "neutral" rating and set a $105.00 price target on shares of Franklin Electric in a report on Wednesday, September 9th. Finally, Weiss Ratings upgraded shares of Franklin Electric from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday, October 14th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $114.50.

Franklin Electric Stock Down 0.9%

FELE stock opened at $98.36 on Friday. The business's fifty day moving average price is $98.97 and its two-hundred day moving average price is $101.26. Franklin Electric has a fifty-two week low of $89.54 and a fifty-two week high of $115.82. The stock has a market capitalization of $4.35 billion, a price-to-earnings ratio of 28.35, a PEG ratio of 1.76 and a beta of 1.03. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.41 and a quick ratio of 1.10.

Franklin Electric (NASDAQ:FELE - Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $1.55 EPS 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 during the quarter, compared to analyst estimates of $605.92 million. During the same period in the prior year, the firm posted $1.31 EPS. Franklin Electric's quarterly revenue was up 6.0% compared to the same quarter last year. Franklin Electric has set its FY 2026 guidance at 4.500-4.700 EPS. On average, equities analysts anticipate that Franklin Electric will post 4.67 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Brucke Financial Inc. lifted its stake in Franklin Electric by 22.0% in the third quarter. Brucke Financial Inc. now owns 2,591 shares of the industrial products company's stock valued at $248,000 after purchasing an additional 467 shares during the last quarter. Signaturefd LLC grew its holdings in Franklin Electric by 43.4% during the third quarter. Signaturefd LLC now owns 1,338 shares of the industrial products company's stock valued at $128,000 after purchasing an additional 405 shares during the period. Sterling Capital Management LLC increased its position in Franklin Electric by 836.3% in the third quarter. Sterling Capital Management LLC now owns 1,264 shares of the industrial products company's stock worth $121,000 after buying an additional 1,129 shares during the last quarter. Inspire Investing LLC increased its position in Franklin Electric by 3.8% in the third quarter. Inspire Investing LLC now owns 6,662 shares of the industrial products company's stock worth $639,000 after buying an additional 246 shares during the last quarter. Finally, Yousif Capital Management LLC increased its position in Franklin Electric by 2.3% in the third quarter. Yousif Capital Management LLC now owns 10,574 shares of the industrial products company's stock worth $1,014,000 after buying an additional 242 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 designs, manufactures and distributes systems and components used to move, manage and control water and other fluids. The company serves residential, agricultural, commercial, industrial and municipal customers through products such as submersible pumps, motors, pumping systems, drives, controls, monitoring equipment and water-treatment solutions.

Its Water Systems business provides equipment for groundwater and surface-water applications, including well pumps, pressure systems, wastewater and dewatering products, and related controls and accessories.

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