DA Davidson Has Positive Estimate for FELE FY2025 Earnings

Key Points

• DA Davidson has increased its FY2025 earnings estimate for Franklin Electric to $4.12 EPS, up from a previous estimate of $4.07, while the consensus is $4.19.
• Franklin Electric reported a quarterly EPS of $1.31, exceeding expectations and generating revenues of $587.43 million, surpassing analyst forecasts.
• The company announced a quarterly dividend of $0.265 per share, representing a 1.1% dividend yield, alongside a stock repurchase program for 1,200,000 shares.

Franklin Electric Co., Inc. (NASDAQ:FELE - Free Report) - Research analysts at DA Davidson lifted their FY2025 EPS estimates for shares of Franklin Electric in a note issued to investors on Thursday, July 31st. DA Davidson analyst M. Summerville now anticipates that the industrial products company will earn $4.12 per share for the year, up from their previous forecast of $4.07. The consensus estimate for Franklin Electric's current full-year earnings is $4.19 per share. DA Davidson also issued estimates for Franklin Electric's FY2026 earnings at $4.60 EPS.

FELE has been the subject of several other research reports. Robert W. Baird increased their target price on Franklin Electric from $94.00 to $107.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. Wall Street Zen raised Franklin Electric from a "hold" rating to a "buy" rating in a research report on Saturday.

Franklin Electric Trading Down 0.6%

Shares of NASDAQ FELE traded down $0.54 during midday trading on Monday, hitting $94.10. 217,489 shares of the company traded hands, compared to its average volume of 270,574. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.77 and a current ratio of 1.72. Franklin Electric has a 12-month low of $78.87 and a 12-month high of $111.94. The stock has a 50-day moving average price of $89.80 and a 200 day moving average price of $92.92. The firm has a market cap of $4.19 billion, a P/E ratio of 24.32, a P/E/G ratio of 1.89 and a beta of 1.08.

Franklin Electric (NASDAQ:FELE - Get Free Report) last announced its earnings results on Tuesday, July 29th. The industrial products company reported $1.31 EPS for the quarter, beating analysts' consensus estimates of $1.28 by $0.03. Franklin Electric had a return on equity of 14.05% and a net margin of 8.71%. The company had revenue of $587.43 million during the quarter, compared to the consensus estimate of $566.61 million.

Institutional Investors Weigh In On Franklin Electric

Several large investors have recently bought and sold shares of FELE. Fullcircle Wealth LLC lifted its position in Franklin Electric by 23.7% during the second quarter. Fullcircle Wealth LLC now owns 2,841 shares of the industrial products company's stock valued at $266,000 after purchasing an additional 544 shares during the period. MQS Management LLC grew its stake in shares of Franklin Electric by 8.9% during the 2nd quarter. MQS Management LLC now owns 8,064 shares of the industrial products company's stock valued at $724,000 after purchasing an additional 656 shares during the period. State of New Jersey Common Pension Fund D increased its position in shares of Franklin Electric by 17.0% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 21,812 shares of the industrial products company's stock valued at $1,957,000 after purchasing an additional 3,177 shares during the last quarter. AlphaQuest LLC lifted its stake in shares of Franklin Electric by 863.9% in the 2nd quarter. AlphaQuest LLC now owns 32,791 shares of the industrial products company's stock worth $2,943,000 after purchasing an additional 29,389 shares during the period. Finally, Mutual Advisors LLC grew its position in Franklin Electric by 8.3% during the second quarter. Mutual Advisors LLC now owns 4,958 shares of the industrial products company's stock valued at $461,000 after buying an additional 382 shares during the period. 79.98% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Franklin Electric

In other Franklin Electric news, Director David M. Wathen sold 25,000 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $85.25, for a total transaction of $2,131,250.00. Following the completion of the sale, the director directly owned 24,000 shares in the company, valued at approximately $2,046,000. This trade represents a 51.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David M. Wathen sold 24,000 shares of the company's stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $86.10, for a total transaction of $2,066,400.00. The disclosure for this sale can be found here. Insiders sold 99,402 shares of company stock worth $8,529,908 over the last three months. Corporate insiders own 2.72% of the company's stock.

Franklin Electric announced that its board has initiated a stock buyback plan on Friday, June 13th that authorizes the company to buyback 1,200,000 shares. This buyback authorization authorizes the industrial products company to buy shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company's board believes its stock is undervalued.

Franklin Electric Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 21st. Shareholders of record on Thursday, August 7th will be issued a $0.265 dividend. This represents a $1.06 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, August 7th. Franklin Electric's payout ratio is 27.39%.

Franklin Electric Company Profile

Franklin Electric Co, Inc, together with its subsidiaries, designs, manufactures, and distributes water and fuel pumping systems worldwide. The company operates through Water Systems, Fueling Systems, and Distribution segments. The Water Systems segment offers submersible motors, drives, pumps, electronic controls, water treatment systems, monitoring devices, and related parts and equipment.