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NASDAQ:FELE

Franklin Electric - FELE Stock Forecast, Price & News

$91.86
+0.45 (+0.49%)
(As of 03/29/2023 02:38 PM ET)
Add
Compare
Today's Range
$91.17
$92.52
50-Day Range
$83.68
$97.14
52-Week Range
$68.27
$100.00
Volume
49,551 shs
Average Volume
166,641 shs
Market Capitalization
$4.25 billion
P/E Ratio
23.14
Dividend Yield
0.98%
Price Target
$86.67

Franklin Electric MarketRank™ Forecast

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
5.7% Downside
$86.67 Price Target
Short Interest
N/A
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.83
Upright™ Environmental Score
News Sentiment
1.48mentions of Franklin Electric in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$1.36 M Sold Last Quarter
Proj. Earnings Growth
5.95%
From $4.20 to $4.45 Per Share

Overall MarketRank

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

2.07 out of 5 stars

Industrial Products Sector

110th out of 177 stocks

Motors & Generators Industry

3rd out of 4 stocks


FELE stock logo

About Franklin Electric (NASDAQ:FELE) Stock

Franklin 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.

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FELE Stock News Headlines

Franklin Electric Insider Trades Send a Signal
Franklin Electric Trumpets Stock Buyback Plan
A 100% Win Rate In 2022…
The next 10 minutes could change your life. We've recorded a special sit-down interview with a reclusive millionaire who details how he's closed out winning trade after winning trade throughout the volatility of 2022. In fact, he hasn't closed a single losing trade since 2016. Sounds impossible? It's not - and he'll prove it to you. pixel
FELE Crosses Above Average Analyst Target
A 100% Win Rate In 2022…
The next 10 minutes could change your life. We've recorded a special sit-down interview with a reclusive millionaire who details how he's closed out winning trade after winning trade throughout the volatility of 2022. In fact, he hasn't closed a single losing trade since 2016. Sounds impossible? It's not - and he'll prove it to you. pixel
Franklin Electric (FELE) Q4 Earnings Lag Estimates
Franklin Electric: Remaining On The Sidelines
Franklin Electric Earnings Preview
See More Headlines
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FELE Company Calendar

Ex-Dividend for 2/16 Dividend
2/01/2023
Last Earnings
2/14/2023
Dividend Payable
2/16/2023
Today
3/29/2023
Next Earnings (Estimated)
4/25/2023
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
$86.67
High Stock Price Forecast
$93.00
Low Stock Price Forecast
$82.00
Forecasted Upside/Downside
-5.6%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
4 Analysts

Profitability

Net Income
$187.33 million
Pretax Margin
11.51%

Debt

Sales & Book Value

Annual Sales
$2.04 billion
Cash Flow
$5.31 per share
Book Value
$23.10 per share

Miscellaneous

Free Float
44,793,000
Market Cap
$4.24 billion
Optionable
Optionable
Beta
0.98

Social Links


Key Executives

  • Gregg C. SengstackGregg C. Sengstack
    Chairman, President & Chief Executive Officer
  • Jeffery L. TaylorJeffery L. Taylor
    VP, Chief Financial & Accounting Officer
  • Donald P. Kenney
    Vice President & President-Global Water
  • DeLancey W. DavisDeLancey W. Davis
    Vice President & President-Headwater Companies
  • Jonathan M. GrandonJonathan M. Grandon
    Secretary, Chief Administrative Officer & VP













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 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.
View FELE analyst ratings
or view top-rated stocks.

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

4 Wall Street analysts have issued 1 year price targets for Franklin Electric's shares. Their FELE share price forecasts range from $82.00 to $93.00. On average, they anticipate the company's share price to reach $86.67 in the next twelve months. This suggests that the stock has a possible downside of 5.6%.
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 shares have increased by 15.1% and is now trading at $91.77.
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, April 25th 2023.
View our FELE earnings forecast
.

How were Franklin Electric's earnings last quarter?

Franklin Electric Co., Inc. (NASDAQ:FELE) announced its earnings results on Tuesday, February, 14th. The industrial products company reported $0.84 earnings per share for the quarter, missing the consensus estimate of $0.93 by $0.09. The industrial products company had revenue of $489.43 million for the quarter, compared to the consensus estimate of $483.50 million. Franklin Electric had a net margin of 9.17% and a trailing twelve-month return on equity of 18.68%. The company's revenue was up 13.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.72 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, January 23rd. Stockholders of record on Thursday, February 2nd will be given a dividend of $0.225 per share on Thursday, February 16th. This represents a $0.90 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date is Wednesday, February 1st. This is a boost from the stock's previous quarterly dividend of $0.20.
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 1.01%. 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 22.67%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FELE will have a dividend payout ratio of 20.22% 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, February, 14th. The company provided EPS guidance of $4.10-$4.30 for the period, compared to the consensus estimate of $4.08. The company issued revenue guidance of $2.10 billion-$2.20 billion, compared to the consensus revenue estimate of $2.03 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 variety of institutional and retail investors. Top institutional shareholders include Earnest Partners LLC (4.91%), Allspring Global Investments Holdings LLC (4.56%), Dimensional Fund Advisors LP (2.29%), Geode Capital Management LLC (1.72%), Bank of America Corp DE (1.65%) and Morgan Stanley (1.17%). 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 $91.77.

How much money does Franklin Electric make?

Franklin Electric (NASDAQ:FELE) has a market capitalization of $4.24 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 $3.97 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 3/29/2023 by MarketBeat.com Staff