NASDAQ:FELE Franklin Electric (FELE) Stock Forecast, Price & News $99.10 +0.98 (+1.00%) (As of 06/9/2023 ET) Add Compare Share Share Today's Range$97.72▼$99.1950-Day Range$86.92▼$99.5452-Week Range$68.38▼$100.00Volume183,947 shsAverage Volume171,051 shsMarket Capitalization$4.58 billionP/E Ratio24.00Dividend Yield0.91%Price Target$88.33 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Franklin Electric MarketRank™ ForecastAnalyst RatingHold2.20 Rating ScoreUpside/Downside10.9% Downside$88.33 Price TargetShort InterestHealthy1.13% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-1.83Upright™ Environmental ScoreNews Sentiment0.58Based on 9 Articles This WeekInsider TradingSelling Shares$3.93 M Sold Last QuarterProj. Earnings Growth6.44%From $4.35 to $4.63 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.02 out of 5 starsIndustrial Products Sector101st out of 180 stocksMotors & Generators Industry4th out of 4 stocks 1.1 Analyst's Opinion Consensus RatingFranklin Electric has received a consensus rating of Hold. The company's average rating score is 2.20, and is based on 1 buy rating, 4 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $88.33, Franklin Electric has a forecasted downside of 10.9% from its current price of $99.10.Amount of Analyst CoverageFranklin Electric has only been the subject of 3 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted1.13% of the float of Franklin Electric has been sold short.Short Interest Ratio / Days to CoverFranklin Electric has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous month Previous Next 3.3 Dividend Strength Dividend YieldFranklin Electric has a dividend yield of 0.90%, which is in the bottom 25% of all stocks that pay dividends.Dividend GrowthFranklin Electric has been increasing its dividend for 31 years.Dividend CoverageThe dividend payout ratio of Franklin Electric is 21.79%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Franklin Electric will have a dividend payout ratio of 19.44% next year. This indicates that Franklin Electric will be able to sustain or increase its dividend. Previous Next 3.0 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreFranklin Electric has received a 29.05% net impact score from Upright. Franklin Electric seems to create the most significant positive value in categories "Jobs", "Taxes", and "Physical diseases". The positive contribution in the "Physical diseases" impact category is mostly driven by its "Submersible pumps", "Centrifugal pumps", and "Liquid pumps" products. See details.Environmental SustainabilityThe Environmental Impact score for Franklin Electric is -1.83. Previous Next 2.5 News and Social Media Coverage News SentimentFranklin Electric has a news sentiment score of 0.58. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Industrial Products companies.News Coverage This WeekMarketBeat has tracked 9 news articles for Franklin Electric this week, compared to 3 articles on an average week.MarketBeat Follows2 people have added Franklin Electric to their MarketBeat watchlist in the last 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Franklin Electric insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $3,929,521.00 in company stock.Percentage Held by InsidersOnly 2.84% of the stock of Franklin Electric is held by insiders.Percentage Held by Institutions79.38% of the stock of Franklin Electric is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Franklin Electric are expected to grow by 6.44% in the coming year, from $4.35 to $4.63 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Franklin Electric is 24.00, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.81.Price to Earnings Ratio vs. SectorThe P/E ratio of Franklin Electric is 24.00, which means that it is trading at a more expensive P/E ratio than the Industrial Products sector average P/E ratio of about 16.13.Price to Earnings Growth RatioFranklin Electric has a PEG Ratio of 1.91. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioFranklin Electric has a P/B Ratio of 4.29. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Franklin Electric (NASDAQ:FELE) StockFranklin Electric Co., Inc. engages in the development, manufacture, and distribution of water and fuel pumping systems. It operates through the following business segments: Water Systems, Fueling Systems, and Distribution. The Water Systems segment designs, manufactures, and sells water pumping systems, submersible motors, pumps, electronic controls, and related parts and equipment. The Fueling Systems segment is involved in the producing and marketing of fuel pumping, fuel containment, and monitor and control systems. The Distribution Segment provides pre-sale support and specifications to the installing contractors. The company was founded by Edward J. Schaefer and T. Wayne Kehoe in 1944 and is headquartered in Fort Wayne, IN.Read More Receive FELE Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Franklin Electric and its competitors with MarketBeat's FREE daily newsletter. Email Address FELE Stock News HeadlinesJune 8, 2023 | americanbankingnews.comFranklin Electric Co., Inc. (NASDAQ:FELE) Receives $91.50 Consensus Target Price from BrokeragesJune 6, 2023 | finance.yahoo.comHas Epiroc Aktiebolag (EPOKY) Outpaced Other Industrial Products Stocks This Year?June 9, 2023 | Behind the Markets (Ad)BREAKING: Tiny biotech successfully treats blindnessThere's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.June 3, 2023 | americanbankingnews.comFranklin Electric Co., Inc. (NASDAQ:FELE) VP Sells $108,946.00 in StockMay 22, 2023 | americanbankingnews.comFranklin Electric (NASDAQ:FELE) Now Covered by StockNews.comMay 14, 2023 | americanbankingnews.comSeaport Res Ptn Weighs in on Franklin Electric Co., Inc.'s FY2023 Earnings (NASDAQ:FELE)May 13, 2023 | americanbankingnews.comFranklin Electric Co., Inc. (NASDAQ:FELE) Forecasted to Earn Q2 2023 Earnings of $1.35 Per ShareMay 12, 2023 | finance.yahoo.comEstimating The Intrinsic Value Of Franklin Electric Co., Inc. (NASDAQ:FELE)June 9, 2023 | Behind the Markets (Ad)"Unknown laser company making HUGE profit from Russia-Ukraine War"On February 24th, Russia invaded Ukraine. This caused major stock losses and soaring gas prices. But it also created a HUGE opportunity for savvy investors. There's an unknown laser company that's been profiting greatly from this war... ...and from another major conflict happening 3,000 miles away. Learn more here >>>May 11, 2023 | seekingalpha.comFranklin Electric: Moderating Growth Keeps Me On The SidelinesMay 11, 2023 | americanbankingnews.comFranklin Electric (NASDAQ:FELE) Receives "Buy" Rating from Seaport Res PtnMay 10, 2023 | finance.yahoo.comZacks.com featured highlights include Franklin Electric, Insulet and WingstopMay 10, 2023 | americanbankingnews.comFranklin Electric Co., Inc. (NASDAQ:FELE) CEO Sells $847,440.00 in StockMay 8, 2023 | markets.businessinsider.comOppenheimer Sticks to Their Hold Rating for Franklin Electric Co (FELE)May 8, 2023 | msn.comWhat Makes Franklin Electric (FELE) a Strong Momentum Stock: Buy Now?May 8, 2023 | americanbankingnews.comFranklin Electric Co., Inc. (NASDAQ:FELE) Insider Sells $116,425.00 in StockMay 5, 2023 | americanbankingnews.comFranklin Electric (NASDAQ:FELE) Releases FY23 Earnings GuidanceMay 5, 2023 | americanbankingnews.comFranklin Electric (NASDAQ:FELE) Stock Rating Reaffirmed by DA DavidsonMay 4, 2023 | finance.yahoo.comFELE or ABB: Which Is the Better Value Stock Right Now?May 4, 2023 | msn.comDA Davidson Maintains Franklin Electric (FELE) Neutral RecommendationMay 4, 2023 | americanbankingnews.comFranklin Electric Co., Inc. Forecasted to Earn Q2 2023 Earnings of $1.30 Per Share (NASDAQ:FELE)May 3, 2023 | markets.businessinsider.comOppenheimer Sticks to Its Hold Rating for Franklin Electric Co (FELE)May 3, 2023 | finance.yahoo.comQ1 2023 Franklin Electric Co Inc Earnings CallMay 2, 2023 | finance.yahoo.comFranklin Electric (FELE) Q1 Earnings and Revenues Top EstimatesMay 2, 2023 | seekingalpha.comFranklin Electric Co., Inc. 2023 Q1 - Results - Earnings Call PresentationMay 2, 2023 | finance.yahoo.comFranklin Electric Reports Record First Quarter 2023 ResultsMay 1, 2023 | americanbankingnews.comFranklin Electric (FELE) Set to Announce Earnings on TuesdaySee More Headlines FELE Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart FELE Company Calendar Last Earnings5/02/2023Ex-Dividend for 5/18 Dividend5/03/2023Dividend Payable5/18/2023Today6/09/2023Next Earnings (Estimated)7/25/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Motors & generators Sub-IndustryElectrical Components & Equipment SectorIndustrial Products Current SymbolNASDAQ:FELE CUSIP35351410 CIK38725 Webwww.franklin-electric.com Phone(260) 824-2900Fax260-824-2909Employees6,500Year Founded1944Price Target and Rating Average Stock Price Forecast$88.33 High Stock Price Forecast$93.00 Low Stock Price Forecast$82.00 Forecasted Upside/Downside-10.5%Consensus RatingHold Rating Score (0-4)2.20 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)$4.13 Trailing P/E Ratio23.89 Forward P/E Ratio22.68 P/E Growth1.91Net Income$187.33 million Net Margins9.38% Pretax Margin11.82% Return on Equity18.76% Return on Assets11.26% Debt Debt-to-Equity Ratio0.08 Current Ratio1.99 Quick Ratio0.75 Sales & Book Value Annual Sales$2.04 billion Price / Sales2.23 Cash Flow$5.13 per share Price / Cash Flow19.25 Book Value$23.10 per share Price / Book4.27Miscellaneous Outstanding Shares46,180,000Free Float44,869,000Market Cap$4.56 billion OptionableOptionable Beta0.97 Social Links Key ExecutivesGregg C. SengstackChairman, President & Chief Executive OfficerJeffery L. TaylorVP, Chief Financial & Accounting OfficerDonald P. KenneyVice President & President-Global WaterDeLancey W. DavisVice President & President-Headwater CompaniesJonathan M. GrandonSecretary, Chief Administrative Officer & VPKey CompetitorsRegal RexnordNYSE:RRXCraneNYSE:CRATSNYSE:ATSZurn Elkay Water SolutionsNYSE:ZWSFlowserveNYSE:FLSView All CompetitorsInsiders & InstitutionsPrelude Capital Management LLCSold 196 shares on 6/1/2023Ownership: 0.006%Donald P KenneySold 1,159 sharesTotal: $108,946.00 ($94.00/share)ProShare Advisors LLCSold 13,124 shares on 5/26/2023Ownership: 0.223%Ameriprise Financial Inc.Sold 5,084 shares on 5/22/2023Ownership: 0.318%Putnam Investments LLCSold 196 shares on 5/22/2023Ownership: 0.010%View All Insider TransactionsView All Institutional Transactions FELE Stock - 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 year. There are currently 4 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. View FELE analyst ratings or view top-rated stocks. What is Franklin Electric's stock price forecast for 2023? 5 analysts have issued twelve-month price targets for Franklin Electric's stock. Their FELE share price forecasts range from $82.00 to $93.00. On average, they anticipate the company's share price to reach $88.33 in the next year. This suggests that the stock has a possible downside of 10.5%. View analysts price targets for FELE or view top-rated stocks among Wall Street analysts. How have FELE shares performed in 2023? Franklin Electric's stock was trading at $79.75 at the beginning of the year. Since then, FELE stock has increased by 23.7% and is now trading at $98.67. View the best growth stocks for 2023 here. When is Franklin Electric's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 25th 2023. View our FELE earnings forecast. How were Franklin Electric's earnings last quarter? Franklin Electric Co., Inc. (NASDAQ:FELE) released its earnings results on Tuesday, May, 2nd. The industrial products company reported $0.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.66 by $0.13. The industrial products company earned $484.60 million during the quarter, compared to the consensus estimate of $476.26 million. Franklin Electric had a trailing twelve-month return on equity of 18.76% and a net margin of 9.38%. Franklin Electric's quarterly revenue was up 7.3% compared to the same quarter last year. During the same period last year, the business earned $0.64 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 24th. Shareholders of record on Thursday, May 4th will be given a dividend of $0.225 per share on Thursday, May 18th. This represents a $0.90 annualized dividend and a yield of 0.91%. The ex-dividend date is Wednesday, May 3rd. Read our dividend analysis for FELE. What ETFs hold Franklin Electric's stock? ETFs with the largest weight of Franklin Electric (NASDAQ:FELE) stock in their portfolio include Global X Clean Water ETF (AQWA), Invesco S&P SmallCap Industrials ETF (PSCI), iShares MSCI Water Management Multisector ETF (IWTR), iShares Environmental Infrastructure and Industrials ETF (EFRA), First Trust Water ETF (FIW), Ecofin Global Water ESG Fund (EBLU), Horizon Kinetics Energy and Remediation ETF (NVIR) and Invesco S&P Global Water Index ETF (CGW). Is Franklin Electric a good dividend stock? Franklin Electric (NASDAQ:FELE) pays an annual dividend of $0.90 per share and currently has a dividend yield of 0.90%. 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 19.44% 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 2023 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share (EPS) guidance of $4.25-$4.45 for the period, compared to the consensus estimate of $4.15. The company issued revenue guidance of $2.15 billion-$2.25 billion, compared to the consensus revenue estimate of $2.14 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). What is Franklin Electric's stock symbol? Franklin Electric trades on the NASDAQ under the ticker symbol "FELE." Who are Franklin Electric's major shareholders? Franklin Electric's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (16.85%), State Street Corp (5.57%), Allspring Global Investments Holdings LLC (4.31%), King Luther Capital Management Corp (2.58%), Dimensional Fund Advisors LP (2.23%) and Geode Capital Management LLC (1.80%). Insiders that own company stock include Delancey W Davis, Delancey W Davis, Donald P Kenney, Donald P Kenney, Gregg C Sengstack, Gregg C Sengstack, Jay J Walsh, Jeffery L Taylor, John J Haines, John J Haines, Jonathan M Grandon, Julie Scheck Freigang, 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Franklin Electric's stock price today? One share of FELE stock can currently be purchased for approximately $98.67. How much money does Franklin Electric make? Franklin Electric (NASDAQ:FELE) has a market capitalization of $4.56 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 $4.13 on an earnings per share basis. How many employees does Franklin Electric have? The company employs 6,500 workers across the globe. How can I contact Franklin Electric? 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. This page (NASDAQ:FELE) was last updated on 6/9/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. 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