Seaport Res Ptn Brokers Lower Earnings Estimates for FELE

Franklin Electric Co., Inc. (NASDAQ:FELE - Free Report) - Equities research analysts at Seaport Res Ptn decreased their Q2 2025 earnings per share (EPS) estimates for Franklin Electric in a research report issued to clients and investors on Wednesday, April 30th. Seaport Res Ptn analyst W. Liptak now forecasts that the industrial products company will post earnings per share of $1.29 for the quarter, down from their previous forecast of $1.31. The consensus estimate for Franklin Electric's current full-year earnings is $4.19 per share. Seaport Res Ptn also issued estimates for Franklin Electric's Q3 2025 earnings at $1.31 EPS, FY2025 earnings at $4.14 EPS, Q2 2026 earnings at $1.47 EPS, Q3 2026 earnings at $1.45 EPS, Q4 2026 earnings at $1.01 EPS and FY2026 earnings at $4.77 EPS.

Several other research firms also recently weighed in on FELE. StockNews.com downgraded shares of Franklin Electric from a "buy" rating to a "hold" rating in a research report on Thursday. Robert W. Baird decreased their target price on Franklin Electric from $111.00 to $94.00 and set a "neutral" rating for the company in a research report on Wednesday.

Franklin Electric Price Performance

NASDAQ:FELE opened at $85.35 on Friday. Franklin Electric has a 52-week low of $78.87 and a 52-week high of $111.94. The company has a quick ratio of 1.06, a current ratio of 2.22 and a debt-to-equity ratio of 0.01. The business's 50-day moving average price is $93.78 and its 200 day moving average price is $99.25. The firm has a market cap of $3.91 billion, a P/E ratio of 22.17, a PEG ratio of 2.11 and a beta of 1.02.

Franklin Electric (NASDAQ:FELE - Get Free Report) last released its earnings results on Tuesday, April 29th. The industrial products company reported $0.67 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.06). Franklin Electric had a net margin of 8.92% and a return on equity of 14.46%. The company had revenue of $455.25 million for the quarter, compared to analyst estimates of $471.21 million. During the same period in the previous year, the business posted $0.70 EPS. The firm's quarterly revenue was down 1.2% on a year-over-year basis.

Hedge Funds Weigh In On Franklin Electric

Several large investors have recently made changes to their positions in the business. Barclays PLC increased its position in shares of Franklin Electric by 237.3% during the third quarter. Barclays PLC now owns 87,620 shares of the industrial products company's stock valued at $9,184,000 after purchasing an additional 61,640 shares during the period. Tidal Investments LLC increased its stake in Franklin Electric by 12.5% in the third quarter. Tidal Investments LLC now owns 13,518 shares of the industrial products company's stock valued at $1,417,000 after acquiring an additional 1,502 shares during the period. Franklin Resources Inc. grew its stake in shares of Franklin Electric by 9.9% in the 3rd quarter. Franklin Resources Inc. now owns 10,111 shares of the industrial products company's stock valued at $1,076,000 after purchasing an additional 914 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Franklin Electric by 26.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 154,305 shares of the industrial products company's stock worth $16,174,000 after buying an additional 31,937 shares during the period. Finally, GAMMA Investing LLC raised its stake in Franklin Electric by 14.5% during the fourth quarter. GAMMA Investing LLC now owns 1,398 shares of the industrial products company's stock worth $136,000 after acquiring an additional 177 shares in the last quarter. Institutional investors and hedge funds own 79.98% of the company's stock.

Insider Transactions at Franklin Electric

In related news, insider Delancey W. Davis sold 961 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $103.14, for a total transaction of $99,117.54. Following the transaction, the insider now owns 7,701 shares of the company's stock, valued at approximately $794,281.14. This trade represents a 11.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.72% of the company's stock.

Franklin Electric Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th will be given a $0.265 dividend. This represents a $1.06 annualized dividend and a yield of 1.24%. The ex-dividend date is Thursday, May 8th. Franklin Electric's payout ratio is currently 27.75%.

About Franklin Electric

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.

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