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NASDAQ:FELE

Franklin Electric (FELE) Stock Forecast, Price & News

$90.37
+0.20 (+0.22%)
(As of 03:10 PM ET)
Compare
Today's Range
$89.99
$90.88
50-Day Range
$89.63
$106.51
52-Week Range
$77.58
$107.36
Volume
39,620 shs
Average Volume
163,430 shs
Market Capitalization
$4.18 billion
P/E Ratio
21.83
Dividend Yield
1.00%
Price Target
$96.00

Franklin Electric MarketRank™ Forecast

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
6.2% Upside
$96.00 Price Target
Short Interest
Healthy
0.89% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.83
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
Selling Shares
$1.22 M Sold Last Quarter
Proj. Earnings Growth
6.51%
From $4.30 to $4.58 Per Share

Overall MarketRank

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

1.92 out of 5 stars

Industrial Products Sector

135th out of 179 stocks

Motors & Generators Industry

3rd out of 4 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, 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 Price History

FELE Stock News Headlines

Aretha Franklin
The Next Best AI Stock to Watch After Nvidia
This emerging NASDAQ company may be the best AI stock to watch in the AI boom.
Franklin Electric: Pumping Profits
Q2 2023 Franklin Electric Co Inc Earnings Call
[BREAKING] Small Firm Wins $1 Billion Army Contract for Breakthrough "Living Software"
The Washington Post Reports it's: "A revolution in warfare." The Sunday Times Reports it's: "a revolutionary power." Early investors can reap 5,633% gains as England, Germany, Japan and Australia rush to sign contracts. Get the name of the stock here >>>
Franklin Electric declares $0.225 dividend
Q1 2023 Franklin Electric Co Inc Earnings Call
See More Headlines
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FELE Company Calendar

Last Earnings
7/25/2023
Ex-Dividend for 8/17 Dividend
8/02/2023
Dividend Payable
8/17/2023
Today
9/25/2023
Next Earnings (Estimated)
10/24/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Motors & generators
Sub-Industry
Electrical Components & Equipment
Current Symbol
NASDAQ:FELE
CUSIP
35351410
Employees
6,500
Year Founded
1944

Price Target and Rating

Average Stock Price Forecast
$96.00
High Stock Price Forecast
$102.00
Low Stock Price Forecast
$90.00
Forecasted Upside/Downside
+6.0%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
4 Analysts

Profitability

Net Income
$187.33 million
Pretax Margin
11.62%

Debt

Sales & Book Value

Annual Sales
$2.04 billion
Cash Flow
$5.19 per share
Book Value
$23.10 per share

Miscellaneous

Free Float
44,947,000
Market Cap
$4.19 billion
Optionable
Optionable
Beta
0.98

Social Links

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Key Executives

  • Mr. Gregg C. SengstackMr. Gregg C. Sengstack (Age 65)
    Chairman & CEO
    Comp: $2.14M
  • Mr. Jeffery L. TaylorMr. Jeffery L. Taylor (Age 57)
    VP & CFO
    Comp: $968.44k
  • Mr. DeLancey W. DavisMr. DeLancey W. Davis (Age 57)
    VP & Pres of Headwater Companies
    Comp: $1.02M
  • Mr. Jay J. WalshMr. Jay J. Walsh (Age 52)
    VP & Pres of Fueling Systems
    Comp: $977.97k
  • Mr. Donald P. Kenney (Age 62)
    Consultant
    Comp: $1.22M
  • Mr. Jonathan M. GrandonMr. Jonathan M. Grandon (Age 47)
    VP, Chief Admin. Officer, Gen. Counsel & Corp. Sec.
  • Mr. Greg Levine
    VP & Pres of Global Water













FELE Stock - Frequently Asked Questions

Should I buy or sell Franklin Electric stock right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Franklin Electric in the last twelve months. 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.
View FELE analyst ratings
or view top-rated stocks.

What is Franklin Electric's stock price forecast for 2023?

4 equities research analysts have issued 12-month price targets for Franklin Electric's stock. Their FELE share price forecasts range from $90.00 to $102.00. On average, they predict the company's stock price to reach $96.00 in the next year. This suggests a possible upside of 6.0% from the stock's current price.
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 start of the year. Since then, FELE stock has increased by 13.6% and is now trading at $90.59.
View the best growth stocks for 2023 here
.

Are investors shorting Franklin Electric?

Franklin Electric saw a increase in short interest during 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 volume of 155,700 shares, the short-interest ratio is currently 2.3 days. Approximately 0.9% of the company's stock 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, October 24th 2023.
View our FELE earnings forecast
.

How were Franklin Electric's earnings last quarter?

Franklin Electric Co., Inc. (NASDAQ:FELE) posted its quarterly earnings data on Tuesday, July, 25th. The industrial products company reported $1.27 EPS for the quarter, missing analysts' consensus estimates 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 trailing twelve-month return on equity of 18.08% and a net margin of 9.31%. The firm's revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.26 EPS.

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

Franklin Electric announced a quarterly dividend on Monday, July 24th. Stockholders of record on Thursday, August 3rd will be given a dividend of $0.225 per share on Thursday, August 17th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date is Wednesday, August 2nd.
Read our dividend analysis for FELE
.

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 1.00%. 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.

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

Franklin Electric issued an update on its FY 2023 earnings guidance on Tuesday, July, 25th. The company provided EPS guidance of $4.25-$4.45 for the period, compared to the consensus 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.

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 retail and institutional investors. Top institutional investors 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
.

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 $90.59.

How much money does Franklin Electric make?

Franklin Electric (NASDAQ:FELE) has a market capitalization of $4.19 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.

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 9/25/2023 by MarketBeat.com Staff

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