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NASDAQ:FELE

Franklin Electric (FELE) Stock Price, News & Analysis

$99.04
-0.25 (-0.25%)
(As of 05/22/2024 ET)
Today's Range
$98.71
$99.85
50-Day Range
$96.27
$106.81
52-Week Range
$82.61
$107.89
Volume
105,980 shs
Average Volume
201,519 shs
Market Capitalization
$4.56 billion
P/E Ratio
24.64
Dividend Yield
1.01%
Price Target
$100.00

Franklin Electric MarketRank™ Stock Analysis

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
1.0% Upside
$100.00 Price Target
Short Interest
Healthy
1.36% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.83
Upright™ Environmental Score
News Sentiment
1.12mentions of Franklin Electric in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$1.26 M Sold Last Quarter
Proj. Earnings Growth
9.13%
From $4.27 to $4.66 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.41 out of 5 stars

Industrial Products Sector

35th out of 165 stocks

Motors & Generators Industry

1st out of 4 stocks

FELE stock logo

About Franklin Electric Stock (NASDAQ:FELE)

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. Its motors and pumps are used principally for pumping clean water and wastewater in various residential, agricultural, municipal, and industrial applications; and manufactures electronic drives and controls that are used in motors for controlling functionality, as well as provides protection from various hazards, such as electrical surges, over-heating, and dry wells or tanks. The Fueling Systems segment provides pumps, pipes, sumps, fittings, vapor recovery components, electronic controls, monitoring devices, and related parts and equipment primarily for use in fueling system applications. This segment serves other energy markets, such as power reliability systems, as well as includes electronic devices for online monitoring of the power utility, hydroelectric, and telecommunication and data center infrastructure. The Distribution segment sells to and provides presale support and specifications to the installing contractors. It sells products produced by the Water Systems segment. The company sells its products to wholesale and retail distributors, specialty distributors, original equipment manufacturers, industrial and petroleum equipment distributors, and oil and utility companies through its employee sales force and independent manufacturing representatives. Franklin Electric Co., Inc. was founded in 1944 and is headquartered in Fort Wayne, Indiana.

FELE Stock Price History

FELE Stock News Headlines

Franklin Electric Appoints Joe Ruzynski As CEO
Franklin Electric appoints CEO
Q1 2024 Franklin Electric Co Inc Earnings Call
Franklin Electric: Q1 Earnings Snapshot
Franklin Electric Reports First Quarter 2024 Results
Franklin Electric Co. Inc.
Franklin | Official Trailer
See More Headlines
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Company Calendar

Last Earnings
4/30/2024
Ex-Dividend for 5/16 Dividend
5/01/2024
Dividend Payable
5/16/2024
Today
5/22/2024
Next Earnings (Estimated)
7/23/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Motors & generators
Sub-Industry
Electrical Components & Equipment
Current Symbol
NASDAQ:FELE
CUSIP
35351410
Employees
6,400
Year Founded
1944

Price Target and Rating

Average Stock Price Target
$100.00
High Stock Price Target
$110.00
Low Stock Price Target
$90.00
Potential Upside/Downside
+1.0%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$193.27 million
Pretax Margin
11.60%

Debt

Sales & Book Value

Annual Sales
$2.07 billion
Cash Flow
$5.30 per share
Book Value
$26.54 per share

Miscellaneous

Free Float
44,827,000
Market Cap
$4.56 billion
Optionable
Optionable
Beta
0.99

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FELE Stock Analysis - Frequently Asked Questions

Should I buy or sell Franklin Electric stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Franklin Electric in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" FELE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FELE, but not buy additional shares or sell existing shares.
View FELE analyst ratings
or view top-rated stocks.

What is Franklin Electric's stock price target for 2024?

3 Wall Street research analysts have issued twelve-month target prices for Franklin Electric's stock. Their FELE share price targets range from $90.00 to $110.00. On average, they expect the company's share price to reach $100.00 in the next twelve months. This suggests a possible upside of 1.0% from the stock's current price.
View analysts price targets for FELE
or view top-rated stocks among Wall Street analysts.

How have FELE shares performed in 2024?

Franklin Electric's stock was trading at $96.65 at the start of the year. Since then, FELE stock has increased by 2.5% and is now trading at $99.04.
View the best growth stocks for 2024 here
.

When is Franklin Electric's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 23rd 2024.
View our FELE earnings forecast
.

How were Franklin Electric's earnings last quarter?

Franklin Electric Co., Inc. (NASDAQ:FELE) released its quarterly earnings results on Tuesday, April, 30th. The industrial products company reported $0.70 EPS for the quarter, missing analysts' consensus estimates of $0.74 by $0.04. The industrial products company earned $460.90 million during the quarter, compared to analysts' expectations of $477.64 million. Franklin Electric had a net margin of 9.25% and a trailing twelve-month return on equity of 15.86%. The firm's revenue for the quarter was down 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.79 earnings per share.

How often does Franklin Electric pay dividends? What is the dividend yield for Franklin Electric?

Franklin Electric announced a quarterly dividend on Monday, April 22nd. Shareholders of record on Thursday, May 2nd will be paid a dividend of $0.25 per share on Thursday, May 16th. This represents a $1.00 annualized dividend and a yield of 1.01%. The ex-dividend date is Wednesday, May 1st.
Read our dividend analysis for FELE
.

Is Franklin Electric a good dividend stock?

Franklin Electric (NASDAQ:FELE) pays an annual dividend of $1.00 per share and currently has a dividend yield of 1.00%. The company has been increasing its dividend for 32 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 24.88%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FELE will have a dividend payout ratio of 21.46% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FELE.

What guidance has Franklin Electric issued on next quarter's earnings?

Franklin Electric updated its FY 2024 earnings guidance on Tuesday, April, 30th. The company provided earnings per share (EPS) guidance of 4.220-4.400 for the period, compared to the consensus earnings per share estimate of 4.330. The company issued revenue guidance of $2.1 billion-$2.2 billion, compared to the consensus revenue estimate of $2.1 billion.

What is Gregg Sengstack's approval rating as Franklin Electric's CEO?

36 employees have rated Franklin Electric Chief Executive Officer Gregg Sengstack on Glassdoor.com. Gregg Sengstack has an approval rating of 79% among the company's employees. 84.0% of employees surveyed would recommend working at Franklin Electric to a friend.

What other stocks do shareholders of Franklin Electric own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Franklin Electric investors own include Las Vegas Sands (LVS), AT&T (T), Wendy's (WEN), Altria Group (MO), Kraft Heinz (KHC), Marathon Petroleum (MPC), Pfizer (PFE), QUALCOMM (QCOM), Verizon Communications (VZ) and Carnival Co. & (CCL).

Who are Franklin Electric's major shareholders?

Franklin Electric's stock is owned by a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (10.31%), Allspring Global Investments Holdings LLC (4.29%), Earnest Partners LLC (3.31%), Robeco Schweiz AG (0.91%), Vaughan Nelson Investment Management L.P. (0.74%) and Gamco Investors INC. ET AL (0.55%). Insiders that own company stock include Delancey W Davis, Delancey W Davis, Donald P Kenney, Gregg C Sengstack, Jeffery L Taylor, John J Haines, John J Haines, Jonathan M Grandon, Kenneth Keene and Paul Chhabra.
View institutional ownership trends
.

How do I buy shares of Franklin Electric?

Shares of FELE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:FELE) was last updated on 5/23/2024 by MarketBeat.com Staff

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