About Franklin Electric (NASDAQ:FELE)
Franklin Electric Co., Inc., together with its subsidiaries, designs, manufactures, and distributes water and fuel pumping systems worldwide. It operates in three segments: Water Systems, Fueling Systems, and Distribution. The Water Systems segment offers submersible motors, pumps, drives, electronic controls, monitoring devices, and related parts and equipment. Its motors and pumps are used principally for pumping clean water and wastewater in various residential, agricultural, and industrial applications; and electronic drives and controls are used in motors for controlling functionality, as well as providing protection from various hazards, such as electric surges, over-heating, and dry wells and 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 submersible fueling system applications. Its fuel pumping systems are used principally in total system solutions for underground gasoline, diesel, and biofuel systems. This segment serves other energy markets, such as power reliability systems, as well as includes intelligent electronic devices for online monitoring of the power utility, hydroelectric, and industrial markets. The Distribution segment sells to and provides pre-sale support and specifications to the installing contractors. It sells products produced by the Water Systems segment and other brands. The company sells its products to 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.
Industry, Sector and Symbol
Industry Motors & generators
Sub-IndustryElectrical Components & Equipment
SectorIndustrial Products
SymbolNASDAQ:FELE
CUSIP35351410
Phone260-824-2900
Debt
Debt-to-Equity Ratio0.17
Current Ratio2.22
Quick Ratio1.03
Price-To-Earnings
Trailing P/E Ratio24.45
Forward P/E Ratio20.41
P/E Growth2.39
Sales & Book Value
Annual Sales$1.12 billion
Price / Sales1.94
Cash Flow$2.7781 per share
Price / Cash16.90
Book Value$15.08 per share
Price / Book3.11
Profitability
EPS (Most Recent Fiscal Year)$1.92
Net Income$78.18 million
Net Margins6.97%
Return on Equity13.33%
Return on Assets7.79%
Miscellaneous
Employees5,600
Outstanding Shares46,520,000
Franklin Electric (NASDAQ:FELE) Frequently Asked Questions
What is Franklin Electric's stock symbol?
Franklin Electric trades on the NASDAQ under the ticker symbol "FELE."
How often does Franklin Electric pay dividends? What is the dividend yield for Franklin Electric?
Franklin Electric announced a quarterly dividend on Monday, April 23rd. Stockholders of record on Thursday, May 3rd will be given a dividend of $0.12 per share on Thursday, May 17th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date of this dividend is Wednesday, May 2nd. This is an increase from Franklin Electric's previous quarterly dividend of $0.11. View Franklin Electric's Dividend History.
How were Franklin Electric's earnings last quarter?
Franklin Electric (NASDAQ:FELE) issued its earnings results on Tuesday, May, 1st. The industrial products company reported $0.45 EPS for the quarter, beating the Zacks' consensus estimate of $0.38 by $0.07. The industrial products company earned $295.60 million during the quarter, compared to the consensus estimate of $290.73 million. Franklin Electric had a return on equity of 13.33% and a net margin of 6.97%. The business's quarterly revenue was up 34.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.33 earnings per share. View Franklin Electric's Earnings History.
When is Franklin Electric's next earnings date?
What guidance has Franklin Electric issued on next quarter's earnings?
Franklin Electric issued an update on its FY18 earnings guidance on Tuesday, May, 1st. The company provided earnings per share guidance of $2.27-2.37 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.23.
What price target have analysts set for FELE?
5 analysts have issued twelve-month target prices for Franklin Electric's shares. Their forecasts range from $41.00 to $54.00. On average, they anticipate Franklin Electric's share price to reach $48.00 in the next twelve months. View Analyst Ratings for Franklin Electric.
What are Wall Street analysts saying about Franklin Electric stock?
Here are some recent quotes from research analysts about Franklin Electric stock:
- 1. According to Zacks Investment Research, "Franklin Electric is a global leader in the production and marketing of systems and components for the movement of water and automotive fuels. Franklin Electric has produced high-quality industrial pumps, filters and accessories. By introducing the new Little Giant PondWorks program, Franklin Electric now brings the same exceptional knowledge, experience, and quality to the recreational water gardening and outdoor living markets. " (6/1/2018)
- 2. Boenning Scattergood analysts commented, "We rate shares of FELE Outperform, with our $54 target price (up from $52) reflecting a forward P/E multiple of 24.5 times, in-line with the water infrastructure peer group average. Key Points: 3Q17 EPS in-line with Street; Top-line beats, margins miss. Franklin Electric reported 3Q EPS of $0.52. Revenue increased 21.5% year/year, above our estimate of +14.5%, with both the Water and Fueling segments contributing to the upside. Organic sales growth drove the strength, continuing the recent trend of Franklin Electric delivering some of the best top-line growth in the water infrastructure sector. Despite the strong revenue gains, gross margin was 33.4% in the quarter, below our estimate of 34%, with management citing higher raw material costs as a profitability headwind." (10/24/2017)
Are investors shorting Franklin Electric?
Franklin Electric saw a increase in short interest during the month of May. As of May 15th, there was short interest totalling 728,018 shares, an increase of 42.4% from the April 30th total of 511,227 shares. Based on an average daily trading volume, of 114,875 shares, the short-interest ratio is presently 6.3 days. Approximately 1.9% of the shares of the stock are sold short.
Who are some of Franklin Electric's key competitors?
Who are Franklin Electric's key executives?
Franklin Electric's management team includes the folowing people:
- Mr. Gregg C. Sengstack, Chairman & CEO (Age 60)
- Mr. John J. Haines, VP & CFO (Age 54)
- Mr. Robert J. Stone, Sr. VP and Pres of International Water Systems Group (Age 53)
- Mr. DeLancey W. Davis, VP & Pres of Headwater Companies (Age 52)
- Mr. Donald P Kenney, VP & Pres of North America Water Systems (Age 57)
Has Franklin Electric been receiving favorable news coverage?
Press coverage about FELE stock has trended somewhat positive on Monday, according to Accern. Accern scores the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Franklin Electric earned a coverage optimism score of 0.13 on Accern's scale. They also gave news coverage about the industrial products company an impact score of 46.85 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the next few days.
Who are Franklin Electric's major shareholders?
Franklin Electric's stock is owned by many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (11.53%), Earnest Partners LLC (4.58%), Wells Fargo & Company MN (3.81%), Dimensional Fund Advisors LP (3.60%), Vaughan Nelson Investment Management L.P. (1.99%) and Schroder Investment Management Group (1.59%). Company insiders that own Franklin Electric stock include David M Wathen, Delancey W Davis, Donald P Kenney, John J Haines, Robert J Stone, Steven William Aikman and Thomas J Strupp. View Institutional Ownership Trends for Franklin Electric.
Which institutional investors are selling Franklin Electric stock?
FELE stock was sold by a variety of institutional investors in the last quarter, including Schroder Investment Management Group, Vaughan Nelson Investment Management L.P., Millennium Management LLC, California Public Employees Retirement System, Envestnet Asset Management Inc., State Board of Administration of Florida Retirement System, American International Group Inc. and Principal Financial Group Inc.. Company insiders that have sold Franklin Electric company stock in the last year include Delancey W Davis, Donald P Kenney, John J Haines, Robert J Stone and Steven William Aikman. View Insider Buying and Selling for Franklin Electric.
Which institutional investors are buying Franklin Electric stock?
FELE stock was acquired by a variety of institutional investors in the last quarter, including Wells Fargo & Company MN, BlackRock Inc., Dimensional Fund Advisors LP, Schwab Charles Investment Management Inc., Citadel Advisors LLC, Crawford Investment Counsel Inc., Silvant Capital Management LLC and Barclays PLC. View Insider Buying and Selling for Franklin Electric.
How do I buy shares of Franklin Electric?
Shares of FELE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Franklin Electric's stock price today?
One share of FELE stock can currently be purchased for approximately $46.95.
How big of a company is Franklin Electric?
Franklin Electric has a market capitalization of $2.17 billion and generates $1.12 billion in revenue each year. The industrial products company earns $78.18 million in net income (profit) each year or $1.92 on an earnings per share basis. Franklin Electric employs 5,600 workers across the globe.
How can I contact Franklin Electric?
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.
MarketBeat Community Rating for Franklin Electric (FELE)
MarketBeat's community ratings are surveys of what our community members think about Franklin Electric and other stocks. Vote "Outperform" if you believe FELE will outperform the S&P 500 over the long term. Vote "Underperform" if you believe FELE will underperform the S&P 500 over the long term. You may vote once every thirty days.
