Franklin Electric Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Franklin Electric in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" Franklin Electric stock. 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.
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Franklin Electric saw a increase in short interest in July. As of July 15th, there was short interest totaling 784,400 shares, an increase of 38.2% from the June 30th total of 567,500 shares. Based on an average daily volume of 170,100 shares, the short-interest ratio is currently 4.6 days. Currently, 2.0% of the shares of the stock are sold short.
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Franklin Electric is scheduled to release its next quarterly earnings announcement on Tuesday, October 26th 2021.
View our earnings forecast for Franklin Electric.

Franklin Electric Co., Inc. (NASDAQ:FELE) released its earnings results on Monday, July, 26th. The industrial products company reported $0.83 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.80 by $0.03. The industrial products company earned $437.28 million during the quarter, compared to analysts' expectations of $386.23 million. Franklin Electric had a trailing twelve-month return on equity of 14.37% and a net margin of 8.96%. The firm's revenue was up 41.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.54 EPS.
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Franklin Electric's stock was trading at $49.56 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, FELE shares have increased by 65.0% and is now trading at $81.76.
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Franklin Electric announced a quarterly dividend on Monday, July 26th. Shareholders of record on Thursday, August 5th will be paid a dividend of $0.175 per share on Thursday, August 19th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date is Wednesday, August 4th.
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Franklin Electric pays an annual dividend of $0.70 per share and currently has a dividend yield of 0.87%. Franklin Electric does not yet have a strong track record of dividend growth. The dividend payout ratio of Franklin Electric is 32.11%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Franklin Electric will have a dividend payout ratio of 21.67% next year. This indicates that Franklin Electric will be able to sustain or increase its dividend.
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Franklin Electric issued an update on its FY 2021 earnings guidance on Tuesday, July, 27th. The company provided earnings per share (EPS) guidance of $2.850-$3.050 for the period, compared to the Thomson Reuters consensus estimate of $2.990. The company issued revenue guidance of -.

3 brokerages have issued 12-month price objectives for Franklin Electric's shares. Their forecasts range from $72.00 to $75.00. On average, they expect Franklin Electric's stock price to reach $73.50 in the next twelve months. This suggests that the stock has a possible downside of 10.1%.
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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.

Some companies that are related to Franklin Electric include Eaton (ETN), Emerson Electric (EMR), Roper Technologies (ROP), Rockwell Automation (ROK), AMETEK (AME), Generac (GNRC), Enphase Energy (ENPH), II-VI (IIVI), Acuity Brands (AYI), Regal Beloit (RBC), Vicor (VICR), EnerSys (ENS), Brady (BRC), Belden (BDC) and FuelCell Energy (FCEL).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Franklin Electric investors own include Las Vegas Sands (LVS), AT&T (T), The Wendy's (WEN), Altria Group (MO), The Kraft Heinz (KHC), Marathon Petroleum (MPC), Pfizer (PFE), QUALCOMM (QCOM), Verizon Communications (VZ) and Carnival Co. & (CCL).

Franklin Electric trades on the NASDAQ under the ticker symbol "FELE."

Franklin Electric's stock is owned by a number of institutional and retail investors. Top institutional investors include State of Alaska Department of Revenue (0.06%) and Oregon Public Employees Retirement Fund (0.03%). Company insiders that own Franklin Electric stock include Delancey W Davis, Donald P Kenney, Gregg C Sengstack, Jay J Walsh, John J Haines, Julie Scheck Freigang and Steven William Aikman.
View institutional ownership trends for Franklin Electric.

FELE stock was sold by a variety of institutional investors in the last quarter, including Oregon Public Employees Retirement Fund. Company insiders that have sold Franklin Electric company stock in the last year include Delancey W Davis, Donald P Kenney, Gregg C Sengstack, Jay J Walsh, John J Haines, and Julie Scheck Freigang.
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FELE stock was acquired by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue.
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Shares of FELE 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.
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One share of FELE stock can currently be purchased for approximately $81.76.

Franklin Electric has a market capitalization of $3.80 billion and generates $1.25 billion in revenue each year. The industrial products company earns $100.46 million in net income (profit) each year or $2.18 on an earnings per share basis.

Franklin Electric employs 5,400 workers across the globe.

The official website for Franklin Electric is www.franklin-electric.com.

Franklin Electric is headquartered at 9255 COVERDALE ROAD, FORT WAYNE IN, 46809.

Franklin Electric's mailing address is 9255 COVERDALE ROAD, FORT WAYNE IN, 46809. The industrial products company can be reached via phone at (260) 824-2900.