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S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
What's in Democrats' big bill? Climate, health care, savings
pixel
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
Shift in war's front seen as grain leaves Ukraine; plant hit
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
What's in Democrats' big bill? Climate, health care, savings
pixel
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
Shift in war's front seen as grain leaves Ukraine; plant hit
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
What's in Democrats' big bill? Climate, health care, savings
pixel
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
Shift in war's front seen as grain leaves Ukraine; plant hit
NASDAQ:FELE

Franklin Electric - FELE Stock Forecast, Price & News

$91.65
+0.29 (+0.32%)
(As of 08/5/2022 12:00 AM ET)
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Compare
Today's Range
$90.15
$91.76
50-Day Range
$68.59
$91.65
52-Week Range
$68.27
$96.95
Volume
143,409 shs
Average Volume
179,745 shs
Market Capitalization
$4.24 billion
P/E Ratio
24.64
Dividend Yield
0.85%
Price Target
$85.75

Franklin Electric MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.80 Rating Score
Upside/​Downside
6.4% Downside
$85.75 Price Target
Short Interest
Healthy
1.95% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.83
Upright™ Environmental Score
News Sentiment
0.24mentions of Franklin Electric in the last 14 days
Based on 17 Articles This Week
Insider Trading
Selling Shares
$4.51 M Sold Last Quarter
Proj. Earnings Growth
3.87%
From $4.13 to $4.29 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.30 out of 5 stars

Industrial Products Sector

83rd out of 210 stocks

Motors & Generators Industry

3rd out of 6 stocks

FELE stock logo

About Franklin Electric (NASDAQ:FELE) Stock

Franklin Electric Co., Inc., together with its subsidiaries, designs, manufactures, and distributes water and fuel pumping systems worldwide. It operates through three segments: Water Systems, Fueling Systems, and Distribution. The Water Systems segment offers submersible motors, pumps, drives, 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.

Analyst Upgrades and Downgrades

FELE has been the subject of a number of research reports. Robert W. Baird lifted their price objective on Franklin Electric from $75.00 to $86.00 and gave the company a "neutral" rating in a research report on Wednesday, July 27th. StockNews.com raised Franklin Electric from a "hold" rating to a "buy" rating in a research report on Saturday, July 30th. Northcoast Research initiated coverage on Franklin Electric in a research report on Friday, July 15th. They set a "buy" rating and a $82.00 price objective for the company. Seaport Res Ptn raised Franklin Electric from a "neutral" rating to a "buy" rating in a research report on Wednesday, April 27th. Finally, DA Davidson boosted their price target on Franklin Electric to $80.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 27th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Franklin Electric presently has a consensus rating of "Moderate Buy" and a consensus price target of $85.75.

Franklin Electric Stock Up 0.3 %

Shares of NASDAQ:FELE traded up $0.29 on Friday, reaching $91.65. The company had a trading volume of 143,409 shares, compared to its average volume of 179,745. Franklin Electric has a twelve month low of $68.27 and a twelve month high of $96.95. The stock has a 50-day moving average price of $76.55 and a 200 day moving average price of $78.98. The stock has a market capitalization of $4.24 billion, a P/E ratio of 24.64 and a beta of 1.07. The company has a quick ratio of 0.64, a current ratio of 1.69 and a debt-to-equity ratio of 0.09.

Franklin Electric (NASDAQ:FELE - Get Rating) last posted its quarterly earnings data on Tuesday, July 26th. The industrial products company reported $1.26 EPS for the quarter, topping analysts' consensus estimates of $1.06 by $0.20. The business had revenue of $551.10 million for the quarter, compared to analyst estimates of $528.67 million. Franklin Electric had a return on equity of 17.82% and a net margin of 9.29%. The firm's revenue for the quarter was up 26.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.83 earnings per share. On average, equities analysts expect that Franklin Electric will post 4.13 EPS for the current year.

Franklin Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 18th. Stockholders of record on Thursday, August 4th will be paid a $0.195 dividend. The ex-dividend date is Wednesday, August 3rd. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.85%. Franklin Electric's payout ratio is presently 20.97%.

Insider Transactions at Franklin Electric

In other news, VP Paul Chhabra sold 7,079 shares of Franklin Electric stock in a transaction dated Friday, June 3rd. The stock was sold at an average price of $75.25, for a total value of $532,694.75. Following the transaction, the vice president now directly owns 10,911 shares in the company, valued at $821,052.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Gregg C. Sengstack sold 16,000 shares of the business's stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $87.62, for a total transaction of $1,401,920.00. Following the transaction, the chief executive officer now directly owns 164,997 shares in the company, valued at $14,457,037.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Paul Chhabra sold 7,079 shares of the business's stock in a transaction dated Friday, June 3rd. The shares were sold at an average price of $75.25, for a total value of $532,694.75. Following the transaction, the vice president now owns 10,911 shares in the company, valued at $821,052.75. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 56,538 shares of company stock worth $4,510,417. Company insiders own 3.10% of the company's stock.

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FELE Stock News Headlines

Franklin Electric (NASDAQ:FELE) Raised to Buy at StockNews.com
Franklin Electric: Medium-Term Headwinds
Franklin Electric (NASDAQ:FELE) Cut to Hold at StockNews.com
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FELE Company Calendar

Ex-Dividend for 5/19 Dividend
5/04/2022
Dividend Payable
5/19/2022
Last Earnings
7/26/2022
Ex-Dividend for 8/18 Dividend
8/03/2022
Today
8/07/2022
Dividend Payable
8/18/2022
Next Earnings (Estimated)
10/25/2022
Fiscal Year End
12/31/2022

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 Forecast
$85.75
High Stock Price Forecast
$95.00
Low Stock Price Forecast
$80.00
Forecasted Upside/Downside
-6.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.80
Research Coverage
5 Analysts

Profitability

Net Income
$153.86 million
Pretax Margin
11.75%

Debt

Sales & Book Value

Annual Sales
$1.66 billion
Cash Flow
$4.15 per share
Book Value
$21.35 per share

Miscellaneous

Free Float
44,857,000
Market Cap
$4.24 billion
Optionable
Optionable
Beta
1.07

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FELE Stock - Frequently Asked Questions

Should I buy or sell Franklin Electric stock right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Franklin Electric in the last year. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Franklin Electric stock.
View analyst ratings for Franklin Electric
or view top-rated stocks.

What is Franklin Electric's stock price forecast for 2022?

5 brokers have issued 12-month price objectives for Franklin Electric's shares. Their FELE stock forecasts range from $80.00 to $95.00. On average, they predict Franklin Electric's stock price to reach $85.75 in the next year. This suggests that the stock has a possible downside of 6.4%.
View analysts' price targets for Franklin Electric
or view top-rated stocks among Wall Street analysts.

How has Franklin Electric's stock performed in 2022?

Franklin Electric's stock was trading at $94.56 at the beginning of the year. Since then, FELE stock has decreased by 3.1% and is now trading at $91.65.
View the best growth stocks for 2022 here
.

When is Franklin Electric's next earnings date?

Franklin Electric is scheduled to release its next quarterly earnings announcement on Tuesday, October 25th 2022.
View our earnings forecast for Franklin Electric
.

How were Franklin Electric's earnings last quarter?

Franklin Electric Co., Inc. (NASDAQ:FELE) announced its earnings results on Tuesday, July, 26th. The industrial products company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.20. The industrial products company had revenue of $551.10 million for the quarter, compared to the consensus estimate of $528.67 million. Franklin Electric had a trailing twelve-month return on equity of 17.82% and a net margin of 9.29%. The company's quarterly revenue was up 26.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.83 earnings per share.

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

Franklin Electric declared a quarterly dividend on Monday, July 25th. Investors of record on Thursday, August 4th will be given a dividend of $0.195 per share on Thursday, August 18th. This represents a $0.78 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend is Wednesday, August 3rd.
View Franklin Electric's dividend history
.

Is Franklin Electric a good dividend stock?

Franklin Electric(NASDAQ:FELE) pays an annual dividend of $0.78 per share and currently has a dividend yield of 0.85%. Franklin Electric 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 of Franklin Electric is 20.97%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Franklin Electric will have a dividend payout ratio of 18.18% next year. This indicates that Franklin Electric will be able to sustain or increase its dividend.
View Franklin Electric's dividend history.

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

Franklin Electric issued an update on its FY 2022 earnings guidance on Tuesday, August, 2nd. The company provided earnings per share guidance of $4.00-$4.20 for the period, compared to the consensus EPS estimate of $3.60. The company issued revenue guidance of $2.00 billion-$2.15 billion, compared to the consensus revenue estimate of $2.01 billion.

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

7 employees have rated Franklin Electric CEO Gregg Sengstack on Glassdoor.com. Gregg Sengstack has an approval rating of 79% among Franklin Electric's employees.

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 many different retail and institutional investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (4.61%), Vaughan Nelson Investment Management L.P. (1.10%), Boston Trust Walden Corp (0.78%), KBC Group NV (0.57%), Tributary Capital Management LLC (0.56%) and First Merchants Corp (0.44%). Company insiders that own Franklin Electric 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, Paul Chhabra and Steven William Aikman.
View institutional ownership trends for Franklin Electric
.

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 $91.65.

How much money does Franklin Electric make?

Franklin Electric (NASDAQ:FELE) has a market capitalization of $4.24 billion and generates $1.66 billion in revenue each year. The industrial products company earns $153.86 million in net income (profit) each year or $3.72 on an earnings per share basis.

How many employees does Franklin Electric have?

Franklin Electric employs 6,400 workers across the globe.

When was Franklin Electric founded?

Franklin Electric was founded in 1944.

How can I contact Franklin Electric?

Franklin Electric's mailing address is 9255 COVERDALE ROAD, FORT WAYNE IN, 46809. The official website for Franklin Electric 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 8/7/2022 by MarketBeat.com Staff

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