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NASDAQ:FELE

Franklin Electric (FELE) Stock Price, News & Analysis

$100.93
-0.03 (-0.03%)
(As of 01:45 PM ET)
Today's Range
$100.18
$101.50
50-Day Range
$95.59
$106.81
52-Week Range
$82.61
$107.89
Volume
65,250 shs
Average Volume
172,794 shs
Market Capitalization
$4.64 billion
P/E Ratio
24.56
Dividend Yield
0.99%
Price Target
$100.00

Franklin Electric MarketRank™ Stock Analysis

Analyst Rating
Hold
2.40 Rating Score
Upside/​Downside
0.4% Downside
$100.00 Price Target
Short Interest
Healthy
1.72% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.83
Upright™ Environmental Score
News Sentiment
1.09mentions of Franklin Electric in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$1.04 M Sold Last Quarter
Proj. Earnings Growth
9.03%
From $4.32 to $4.71 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.

4.10 out of 5 stars

Industrial Products Sector

37th out of 171 stocks

Motors & Generators Industry

1st out of 5 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

Warning: Biden’s revenge against Trump voters?
Is THIS Joe Biden’s planned revenge against Trump? Bumbling Biden will lose in November.
Franklin Electric Co. Inc.
Warning: Biden’s revenge against Trump voters?
Is THIS Joe Biden’s planned revenge against Trump? Bumbling Biden will lose in November.
Franklin | Official Trailer
FELE Jul 2024 100.000 call
Q4 2023 Franklin Electric Co Inc Earnings Call
Franklin Electric Q4 2023 Earnings Preview
3 Industrial Stock Buys Outpacing Competitors
See More Headlines
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Company Calendar

Ex-Dividend for 2/15 Dividend
1/31/2024
Last Earnings
2/13/2024
Dividend Payable
2/15/2024
Today
4/17/2024
Next Earnings (Estimated)
5/07/2024
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)
2.40
Research Coverage
5 Analysts

Profitability

Net Income
$193.27 million
Pretax Margin
11.73%

Debt

Sales & Book Value

Annual Sales
$2.07 billion
Cash Flow
$5.36 per share
Book Value
$26.23 per share

Miscellaneous

Free Float
44,749,000
Market Cap
$4.64 billion
Optionable
Optionable
Beta
0.96

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FELE Stock Analysis - Frequently Asked Questions

Should I buy or sell Franklin Electric stock right now?

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Franklin Electric in the last twelve months. There are currently 3 hold ratings and 2 buy ratings 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.
View FELE analyst ratings
or view top-rated stocks.

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

5 brokers have issued 1-year price objectives 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 that the stock has a possible downside of 0.4%.
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 beginning of 2024. Since then, FELE shares have increased by 3.9% and is now trading at $100.43.
View the best growth stocks for 2024 here
.

Are investors shorting Franklin Electric?

Franklin Electric saw a drop in short interest in the month of March. As of March 31st, there was short interest totaling 682,100 shares, a drop of 15.2% from the March 15th total of 804,500 shares. Based on an average daily volume of 175,700 shares, the days-to-cover ratio is presently 3.9 days. Currently, 1.7% of the company's shares are short sold.
View Franklin Electric's Short Interest
.

When is Franklin Electric's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
View our FELE earnings forecast
.

How were Franklin Electric's earnings last quarter?

Franklin Electric Co., Inc. (NASDAQ:FELE) posted its quarterly earnings results on Tuesday, February, 13th. The industrial products company reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by $0.02. The industrial products company had revenue of $472.97 million for the quarter, compared to the consensus estimate of $490.47 million. Franklin Electric had a trailing twelve-month return on equity of 16.67% and a net margin of 9.36%. Franklin Electric's revenue was down 3.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.84 EPS.

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

Franklin Electric declared a quarterly dividend on Monday, January 22nd. Investors of record on Thursday, February 1st will be paid a dividend of $0.25 per share on Thursday, February 15th. This represents a $1.00 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend is Wednesday, January 31st. This is a boost from the stock's previous quarterly dividend of $0.23.
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 24.33%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FELE will have a dividend payout ratio of 21.23% 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 issued an update on its FY 2024 earnings guidance on Tuesday, February, 13th. The company provided earnings per share (EPS) guidance of 4.220-4.400 for the period, compared to the consensus EPS estimate of 4.370. 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 institutional and retail investors. Top institutional shareholders include Running Oak Capital LLC (0.23%), Bridge City Capital LLC (0.05%), Chesley Taft & Associates LLC (0.03%), Park Avenue Securities LLC (0.01%), Miller Howard Investments Inc. NY (0.00%) and GAMMA Investing LLC (0.00%). 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 4/17/2024 by MarketBeat.com Staff

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