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NASDAQ:FELE

Franklin Electric - FELE Stock Forecast, Price & News

$93.94
+1.82 (+1.98%)
(As of 08/10/2022 12:00 AM ET)
Add
Compare
Today's Range
$92.26
$94.32
50-Day Range
$68.59
$92.29
52-Week Range
$68.27
$96.95
Volume
183,497 shs
Average Volume
193,368 shs
Market Capitalization
$4.35 billion
P/E Ratio
25.25
Dividend Yield
0.85%
Price Target
$85.75

Franklin Electric MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.80 Rating Score
Upside/​Downside
8.8% Downside
$85.75 Price Target
Short Interest
Bearish
2.18% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.83
Upright™ Environmental Score
News Sentiment
0.53mentions of Franklin Electric in the last 14 days
Based on 6 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.

2.19 out of 5 stars

Industrial Products Sector

89th out of 182 stocks

Motors & Generators Industry

3rd out of 5 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.

Franklin Electric Price Performance

Shares of Franklin Electric stock traded down $0.17 during trading hours on Tuesday, reaching $92.12. 182,844 shares of the company's stock were exchanged, compared to its average volume of 193,433. Franklin Electric has a 1 year low of $68.27 and a 1 year high of $96.95. The company has a market capitalization of $4.26 billion, a P/E ratio of 24.76 and a beta of 1.07. The business has a fifty day moving average of $77.29 and a two-hundred day moving average of $79.06. 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 released its earnings results on Tuesday, July 26th. The industrial products company reported $1.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.06 by $0.20. Franklin Electric had a net margin of 9.29% and a return on equity of 17.82%. The business had revenue of $551.10 million during the quarter, compared to analyst estimates of $528.67 million. During the same quarter in the prior year, the firm earned $0.83 earnings per share. The company's revenue for the quarter was up 26.0% compared to the same quarter last year. As a group, research analysts predict that Franklin Electric will post 4.13 earnings per share for the current fiscal year.

Franklin Electric Announces Dividend

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

Analyst Ratings Changes

Several analysts have weighed in on the stock. Seaport Res Ptn raised shares of Franklin Electric from a "neutral" rating to a "buy" rating in a research report on Wednesday, April 27th. Northcoast Research began coverage on shares of Franklin Electric in a report on Friday, July 15th. They issued a "buy" rating and a $82.00 price objective on the stock. Robert W. Baird upped their price objective on shares of Franklin Electric from $75.00 to $86.00 and gave the company a "neutral" rating in a report on Wednesday, July 27th. StockNews.com upgraded shares of Franklin Electric from a "hold" rating to a "buy" rating in a research note on Saturday, July 30th. Finally, DA Davidson upped their price objective on shares of Franklin Electric to $80.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 27th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $85.75.

Insider Activity at Franklin Electric

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

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FELE Stock News Headlines

Franklin Electric (NASDAQ:FELE) Raised to Buy at StockNews.com
Franklin Electric: Medium-Term Headwinds
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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
8/10/2022
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
-8.7%
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
$4.25 per share
Book Value
$20.43 per share

Miscellaneous

Free Float
44,857,000
Market Cap
$4.35 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 research analysts have issued "buy," "hold," and "sell" ratings for Franklin Electric in the last twelve months. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" FELE shares.
View FELE analyst ratings
or view top-rated stocks.

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

5 brokers have issued twelve-month price objectives for Franklin Electric's stock. Their FELE share price forecasts range from $80.00 to $95.00. On average, they expect the company's stock price to reach $85.75 in the next twelve months. This suggests that the stock has a possible downside of 8.3%.
View analysts price targets for FELE
or view top-rated stocks among Wall Street analysts.

How have FELE shares performed in 2022?

Franklin Electric's stock was trading at $94.56 at the beginning of 2022. Since then, FELE stock has decreased by 1.1% and is now trading at $93.50.
View the best growth stocks for 2022 here
.

When is Franklin Electric's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 25th 2022.
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, July, 26th. The industrial products company reported $1.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.06 by $0.20. The industrial products company earned $551.10 million during the quarter, compared to analyst estimates of $528.67 million. Franklin Electric had a trailing twelve-month return on equity of 17.82% and a net margin of 9.29%. Franklin Electric's quarterly revenue was up 26.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.83 EPS.

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. Shareholders 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 0.83%. The ex-dividend date of this dividend is Wednesday, August 3rd.
Read our dividend analysis for FELE
.

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%. 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 20.97%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FELE will have a dividend payout ratio of 18.18% 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 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 earnings per share 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 Chief Executive Officer Gregg Sengstack on Glassdoor.com. Gregg Sengstack has an approval rating of 79% among the company'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 a number of retail and institutional investors. Top institutional investors 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%). 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, Paul Chhabra and Steven William Aikman.
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 $93.50.

How much money does Franklin Electric make?

Franklin Electric (NASDAQ:FELE) has a market capitalization of $4.33 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?

The company 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 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 8/10/2022 by MarketBeat.com Staff

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