Franklin Electric (FELE) Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Franklin Electric in the last year. There are currently 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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.
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4 brokers have issued 1 year price targets for Franklin Electric's shares. Their FELE share price forecasts range from $90.00 to $102.00. On average, they anticipate the company's stock price to reach $96.00 in the next twelve months. This suggests a possible upside of 7.1% from the stock's current price.
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Franklin Electric's stock was trading at $79.75 at the beginning of the year. Since then, FELE stock has increased by 12.4% and is now trading at $89.63.
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Franklin Electric saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 354,000 shares, an increase of 10.6% from the August 15th total of 320,000 shares. Based on an average daily trading volume, of 155,700 shares, the short-interest ratio is currently 2.3 days. Currently, 0.9% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 24th 2023.
View our FELE earnings forecast.

Franklin Electric Co., Inc. (NASDAQ:FELE) announced its quarterly earnings data on Tuesday, July, 25th. The industrial products company reported $1.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by $0.04. The industrial products company had revenue of $569.10 million for the quarter, compared to analysts' expectations of $601.25 million. Franklin Electric had a net margin of 9.31% and a trailing twelve-month return on equity of 18.08%. Franklin Electric's quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.26 EPS.

Franklin Electric declared a quarterly dividend on Monday, July 24th. Investors of record on Thursday, August 3rd will be paid a dividend of $0.225 per share on Thursday, August 17th. This represents a $0.90 annualized dividend and a dividend yield of 1.00%. The ex-dividend date is Wednesday, August 2nd.
Read our dividend analysis for FELE.

ETFs with the largest weight of Franklin Electric (NASDAQ:FELE) stock in their portfolio include iShares MSCI Water Management Multisector ETF (IWTR), Global X Clean Water ETF (AQWA), Invesco S&P SmallCap Industrials ETF (PSCI), Invesco S&P Global Water Index ETF (CGW), iShares Environmental Infrastructure and Industrials ETF (EFRA), First Trust Water ETF (FIW), Running Oak Efficient Growth ETF (RUNN) and Horizon Kinetics Energy and Remediation ETF (NVIR).

Franklin Electric (NASDAQ:FELE) pays an annual dividend of $0.90 per share and currently has a dividend yield of 0.99%. The company has been increasing its dividend for 31 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 21.74%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FELE will have a dividend payout ratio of 19.65% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FELE.

Franklin Electric issued an update on its FY 2023 earnings guidance on Tuesday, July, 25th. The company provided earnings per share (EPS) guidance of $4.25-$4.45 for the period, compared to the consensus earnings per share estimate of $4.37. The company issued revenue guidance of $2.15 billion-$2.25 billion, compared to the consensus revenue estimate of $2.18 billion.

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.

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).

Franklin Electric trades on the NASDAQ under the ticker symbol "FELE."

Franklin Electric's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (16.60%), State Street Corp (5.30%), Allspring Global Investments Holdings LLC (4.27%), Earnest Partners LLC (4.02%), King Luther Capital Management Corp (2.52%) and Dimensional Fund Advisors LP (2.23%). Insiders that own company stock include Delancey W Davis, Delancey W Davis, Donald P Kenney, Gregg C Sengstack, Jay J Walsh, Jeffery L Taylor, John J Haines, John J Haines, Jonathan M Grandon, Kenneth Keene and Paul Chhabra.
View institutional ownership trends.

Shares of FELE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of FELE stock can currently be purchased for approximately $89.63.

Franklin Electric (NASDAQ:FELE) has a market capitalization of $4.15 billion and generates $2.04 billion in revenue each year. The industrial products company earns $187.33 million in net income (profit) each year or $4.14 on an earnings per share basis.

The company employs 6,500 workers across the globe.

Franklin Electric's mailing address is 9255 COVERDALE ROAD, FORT WAYNE IN, 46809. The official website for the company is www.franklin-electric.com. The industrial products company can be reached via phone at (260) 824-2900 or via fax at 260-824-2909.