DA Davidson Brokers Increase Earnings Estimates for FELE

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) - Analysts at DA Davidson boosted their FY2025 earnings per share (EPS) estimates for Franklin Electric in a research note issued on Thursday, July 31st. DA Davidson analyst M. Summerville now forecasts that the industrial products company will post earnings of $4.12 per share for the year, up from their prior 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.

Several other analysts also recently weighed in on the company. Robert W. Baird boosted their target price on Franklin Electric from $94.00 to $107.00 and gave the company a "neutral" rating in a report on Wednesday, July 30th. Wall Street Zen upgraded Franklin Electric from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd.

Franklin Electric Stock Down 0.5%

FELE stock traded down $0.50 during trading on Monday, hitting $93.35. 54,698 shares of the company's stock traded hands, compared to its average volume of 269,079. The company has a quick ratio of 0.77, a current ratio of 1.72 and a debt-to-equity ratio of 0.01. Franklin Electric has a 1 year low of $78.87 and a 1 year high of $111.94. The firm has a market capitalization of $4.15 billion, a P/E ratio of 24.09, a PEG ratio of 1.91 and a beta of 1.08. The business has a fifty day simple moving average of $89.97 and a two-hundred day simple moving average of $92.93.

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

Institutional Trading of Franklin Electric

Several institutional investors and hedge funds have recently added to or reduced their stakes in FELE. Campbell & CO Investment Adviser LLC purchased a new position in shares of Franklin Electric in the 2nd quarter worth $1,772,000. Fullcircle Wealth LLC increased its holdings in shares of Franklin Electric by 23.7% in the second quarter. Fullcircle Wealth LLC now owns 2,841 shares of the industrial products company's stock worth $266,000 after acquiring an additional 544 shares in the last quarter. MQS Management LLC lifted its stake in Franklin Electric by 8.9% in the second quarter. MQS Management LLC now owns 8,064 shares of the industrial products company's stock valued at $724,000 after acquiring an additional 656 shares during the last quarter. State of New Jersey Common Pension Fund D increased its stake in shares of Franklin Electric by 17.0% in 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. Finally, AlphaQuest LLC grew its position 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 valued at $2,943,000 after buying an additional 29,389 shares during the last quarter. 79.98% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Franklin Electric news, Director David M. Wathen sold 24,000 shares of the business'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 value of $2,066,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David M. Wathen sold 25,000 shares of Franklin Electric stock in a transaction that occurred on Tuesday, June 3rd. The stock was 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 owned 24,000 shares of the company's stock, valued at $2,046,000. This represents a 51.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 99,402 shares of company stock valued at $8,529,908. 2.72% of the stock is currently owned by insiders.

Franklin Electric Announces Dividend

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

Franklin Electric declared that its Board of Directors has initiated a share repurchase plan on Friday, June 13th that allows the company to buyback 1,200,000 shares. This buyback authorization allows the industrial products company to repurchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company's board of directors believes its stock is undervalued.

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.