Franklin Electric - FELE Stock Forecast, Price & News

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 Ratings Changes

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

Franklin Electric Stock Up 2.0 %

NASDAQ:FELE traded up $1.89 on Friday, reaching $96.12. 116,232 shares of the stock traded hands, compared to its average volume of 192,392. Franklin Electric has a 12 month low of $68.27 and a 12 month high of $96.95. The company has a fifty day moving average price of $78.03 and a 200-day moving average price of $79.19. The company has a market cap of $4.45 billion, a price-to-earnings ratio of 25.33 and a beta of 1.07. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.64 and a current ratio of 1.69.

Franklin Electric (NASDAQ:FELE - Get Rating) last announced 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. Franklin Electric had a return on equity of 17.82% and a net margin of 9.29%. The business had revenue of $551.10 million for the quarter, compared to the consensus estimate of $528.67 million. During the same period last year, the business posted $0.83 EPS. The business's revenue was up 26.0% compared to the same quarter last year. As a group, research analysts forecast that Franklin Electric will post 4.13 EPS for the current fiscal year.

Franklin Electric Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 18th. Stockholders of record on Thursday, August 4th will be issued a $0.195 dividend. The ex-dividend date of this dividend is Wednesday, August 3rd. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.81%. Franklin Electric's dividend payout ratio is presently 20.97%.

Insider Activity

In other news, VP Paul Chhabra sold 7,079 shares of Franklin Electric stock in a transaction on 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 approximately $821,052.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Gregg C. Sengstack sold 16,000 shares of the business's stock in a transaction on 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 approximately $14,457,037.14. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Paul Chhabra sold 7,079 shares of the business's stock in a transaction on 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 owns 10,911 shares in the company, valued at $821,052.75. The disclosure for this sale can be found here. In the last three months, insiders have sold 56,538 shares of company stock worth $4,510,417. 3.10% of the stock is currently owned by company insiders.