Franklin Electric (NASDAQ:FELE) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded Franklin Electric (NASDAQ:FELE) from a "hold" to a "buy" in a research note issued on Saturday.
• Franklin Electric beat Q1 estimates with $0.83 EPS vs. $0.77 expected and $500.44M revenue (up 9.9% YoY), and set FY2026 guidance of 4.400–4.600 EPS (analysts forecast ~4.58).
• Despite the upgrade, the consensus remains a "Hold" (three analysts) with an average price target of $106 and DA Davidson still at a $100 target; shares trade around $99.44 with a PE near 29.95 and a 52‑week range of $83.42–$111.53.

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 note issued on Saturday.

Separately, DA Davidson reaffirmed a "neutral" rating and set a $100.00 price objective on shares of Franklin Electric in a research report on Wednesday. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Franklin Electric currently has a consensus rating of "Hold" and an average price target of $106.00.

Franklin Electric Stock Performance

NASDAQ:FELE opened at $99.44 on Friday. The company has a market capitalization of $4.39 billion, a PE ratio of 29.95, a P/E/G ratio of 1.82 and a beta of 1.07. The company has a 50 day simple moving average of $96.79 and a two-hundred day simple moving average of $97.40. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.18 and a current ratio of 2.67. Franklin Electric has a fifty-two week low of $83.42 and a fifty-two week high of $111.53.

Franklin Electric (NASDAQ:FELE - Get Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.77 by $0.06. The company had revenue of $500.44 million during the quarter, compared to the consensus estimate of $479.21 million. Franklin Electric had a net margin of 6.91% and a return on equity of 14.86%. The company's quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.67 EPS. Franklin Electric has set its FY 2026 guidance at 4.400-4.600 EPS. Research analysts anticipate that Franklin Electric will post 4.58 earnings per share for the current year.

Insider Activity at Franklin Electric

In related news, CEO Joseph A. Ruzynski acquired 500 shares of Franklin Electric stock in a transaction dated Thursday, February 19th. The stock was bought at an average price of $93.34 per share, with a total value of $46,670.00. Following the transaction, the chief executive officer directly owned 22,722 shares in the company, valued at $2,120,871.48. This represents a 2.25% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 2.89% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Franklin Electric

A number of large investors have recently modified their holdings of FELE. Quarry LP bought a new position in shares of Franklin Electric in the 3rd quarter worth $28,000. Aster Capital Management DIFC Ltd bought a new position in shares of Franklin Electric in the 4th quarter worth $35,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Franklin Electric by 31.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 425 shares of the industrial products company's stock worth $38,000 after purchasing an additional 101 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of 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. Finally, Kestra Advisory Services LLC bought a new position in shares of Franklin Electric in the 4th quarter worth $48,000. 79.98% of the stock is currently owned by institutional investors.

About Franklin Electric

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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