Franklin Electric (FELE) Stock Price, News & Analysis

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Franklin Electric in the last twelve months. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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.
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5 brokerages have issued 12 month target prices for Franklin Electric's stock. Their FELE share price targets range from $90.00 to $110.00. On average, they expect the company's share price to reach $100.00 in the next year. This suggests that the stock has a possible downside of 1.2%.
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Franklin Electric's stock was trading at $96.65 on January 1st, 2024. Since then, FELE stock has increased by 4.7% and is now trading at $101.21.
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Franklin Electric saw a decline in short interest in March. As of March 31st, there was short interest totaling 682,100 shares, a decline of 15.2% from the March 15th total of 804,500 shares. Based on an average daily trading volume, of 175,700 shares, the days-to-cover ratio is presently 3.9 days. Currently, 1.7% of the company's stock are sold short.
View Franklin Electric's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
View our FELE earnings forecast.

Franklin Electric Co., Inc. (NASDAQ:FELE) announced its quarterly earnings results on Tuesday, February, 13th. The industrial products company reported $0.82 earnings per share for the quarter, missing the consensus estimate of $0.84 by $0.02. The industrial products company had revenue of $472.97 million for the quarter, compared to the consensus estimate of $490.47 million. Franklin Electric had a net margin of 9.36% and a trailing twelve-month return on equity of 16.67%. The company's quarterly revenue was down 3.4% on a year-over-year basis. During the same quarter last year, the company posted $0.84 EPS.

Franklin Electric announced a quarterly dividend on Monday, January 22nd. Shareholders of record on Thursday, February 1st will be paid a dividend of $0.25 per share on Thursday, February 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend is Wednesday, January 31st. This is an increase from the stock's previous quarterly dividend of $0.23.
Read our dividend analysis for FELE.

Franklin Electric (NASDAQ:FELE) pays an annual dividend of $1.00 per share and currently has a dividend yield of 1.00%. The company has been increasing its dividend for 32 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 24.33%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FELE will have a dividend payout ratio of 21.23% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FELE.

ETFs with the largest weight of Franklin Electric (NASDAQ:FELE) stock in their portfolio include Global X Clean Water ETF (AQWA), iShares MSCI Water Management Multisector ETF (IWTR), Invesco S&P Global Water Index ETF (CGW), iShares Environmental Infrastructure and Industrials ETF (EFRA), Invesco S&P SmallCap Industrials ETF (PSCI), First Trust Water ETF (FIW), Running Oak Efficient Growth ETF (RUNN) and Janus Henderson Small Cap Growth Alpha ETF (JSML).

Franklin Electric issued an update on its FY 2024 earnings guidance on Tuesday, February, 13th. The company provided EPS guidance of 4.220-4.400 for the period, compared to the consensus estimate of 4.370. The company issued revenue guidance of $2.1 billion-$2.2 billion, compared to the consensus revenue estimate of $2.1 billion.

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.

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).

Franklin Electric's stock is owned by a number of institutional and retail investors. Top institutional investors include Running Oak Capital LLC (0.23%), Bridge City Capital LLC (0.05%), Chesley Taft & Associates LLC (0.03%), Park Avenue Securities LLC (0.01%), Miller Howard Investments Inc. NY (0.00%) and GAMMA Investing LLC (0.00%). Insiders that own company stock include Delancey W Davis, Delancey W Davis, Donald P Kenney, Gregg C Sengstack, Jeffery L Taylor, John J Haines, John J Haines, Jonathan M Grandon, Kenneth Keene and Paul Chhabra.
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Shares of FELE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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