Franklin Electric Stock Price, News & Analysis (NASDAQ:FELE)

4 Wall Street equities 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 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.
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4 brokerages have issued 12-month price targets for Franklin Electric's stock. Their FELE share price targets range from $90.00 to $102.00. On average, they predict the company's stock price to reach $96.00 in the next twelve months. This suggests a possible upside of 4.8% from the stock's current price.
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Franklin Electric's stock was trading at $79.75 at the beginning of 2023. Since then, FELE stock has increased by 14.9% and is now trading at $91.60.
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Franklin Electric saw a decline in short interest in November. As of November 15th, there was short interest totaling 481,900 shares, a decline of 21.1% from the October 31st total of 610,800 shares. Based on an average trading volume of 151,100 shares, the short-interest ratio is currently 3.2 days. Approximately 1.2% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 13th 2024.
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Franklin Electric Co., Inc. (NASDAQ:FELE) released its quarterly earnings data on Tuesday, October, 24th. The industrial products company reported $1.23 EPS for the quarter, missing the consensus estimate of $1.27 by $0.04. The industrial products company earned $538.43 million during the quarter, compared to analysts' expectations of $573.50 million. Franklin Electric had a net margin of 9.33% and a trailing twelve-month return on equity of 17.30%.

Franklin Electric announced a quarterly dividend on Monday, October 23rd. Investors of record on Thursday, November 2nd will be given a dividend of $0.225 per share on Thursday, November 16th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend is Wednesday, November 1st.
Read our dividend analysis for FELE.

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 21.79%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FELE will have a dividend payout ratio of 20.45% next year. This indicates that the company will be able to sustain or increase its dividend.
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 updated its FY23 earnings guidance on Tuesday, October, 24th. The company provided earnings per share (EPS) guidance of $4.07-4.17 for the period, compared to the consensus earnings per share estimate of $4.29. The company issued revenue guidance of $2.05-2.15 billion, compared to the consensus revenue estimate of $2.16 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's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (4.23%), Earnest Partners LLC (3.95%), Invesco Ltd. (1.33%), Morgan Stanley (1.28%), Northern Trust Corp (1.11%) and Boston Trust Walden Corp (1.08%). 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.
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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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