DA Davidson Predicts Lower Earnings for Franklin Electric

Franklin Electric Co., Inc. (NASDAQ:FELE - Free Report) - Stock analysts at DA Davidson dropped their FY2025 EPS estimates for Franklin Electric in a research note issued on Monday, November 4th. DA Davidson analyst M. Summerville now forecasts that the industrial products company will post earnings of $4.20 per share for the year, down from their prior estimate of $4.50. The consensus estimate for Franklin Electric's current full-year earnings is $3.82 per share.

Separately, Robert W. Baird reduced their price objective on shares of Franklin Electric from $107.00 to $105.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 30th.

Franklin Electric Trading Up 9.2 %

Shares of Franklin Electric stock traded up $9.23 during trading on Wednesday, hitting $110.03. The company's stock had a trading volume of 413,075 shares, compared to its average volume of 176,645. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.40 and a quick ratio of 1.06. Franklin Electric has a 52 week low of $85.82 and a 52 week high of $110.97. The stock has a market cap of $5.03 billion, a price-to-earnings ratio of 27.86, a price-to-earnings-growth ratio of 2.13 and a beta of 0.96. The stock has a 50-day moving average price of $101.69 and a two-hundred day moving average price of $100.16.

Franklin Electric (NASDAQ:FELE - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.17 earnings per share for the quarter, missing the consensus estimate of $1.27 by ($0.10). Franklin Electric had a return on equity of 15.03% and a net margin of 9.22%. The business had revenue of $531.40 million during the quarter, compared to the consensus estimate of $551.08 million. During the same period in the prior year, the firm earned $1.23 EPS. The business's revenue for the quarter was down 1.4% compared to the same quarter last year.

Hedge Funds Weigh In On Franklin Electric

Several institutional investors have recently made changes to their positions in the stock. CWM LLC raised its holdings in shares of Franklin Electric by 16.7% during the third quarter. CWM LLC now owns 684 shares of the industrial products company's stock valued at $72,000 after purchasing an additional 98 shares during the period. Covestor Ltd raised its holdings in shares of Franklin Electric by 15.6% during the third quarter. Covestor Ltd now owns 765 shares of the industrial products company's stock valued at $80,000 after purchasing an additional 103 shares during the period. Blue Trust Inc. raised its holdings in shares of Franklin Electric by 55.7% during the third quarter. Blue Trust Inc. now owns 299 shares of the industrial products company's stock valued at $29,000 after purchasing an additional 107 shares during the period. Marshall Wace LLP raised its holdings in shares of Franklin Electric by 1.0% during the second quarter. Marshall Wace LLP now owns 11,009 shares of the industrial products company's stock valued at $1,060,000 after purchasing an additional 109 shares during the period. Finally, Duality Advisers LP raised its holdings in shares of Franklin Electric by 1.6% during the first quarter. Duality Advisers LP now owns 8,857 shares of the industrial products company's stock valued at $946,000 after purchasing an additional 137 shares during the period. Institutional investors and hedge funds own 79.98% of the company's stock.

Insider Buying and Selling at Franklin Electric

In other Franklin Electric news, insider Gregg C. Sengstack sold 1,500 shares of the company's stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $100.22, for a total transaction of $150,330.00. Following the sale, the insider now owns 9,032 shares of the company's stock, valued at approximately $905,187.04. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.72% of the company's stock.

Franklin Electric Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Thursday, November 7th will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, November 7th. This represents a $1.00 dividend on an annualized basis and a yield of 0.91%. Franklin Electric's dividend payout ratio (DPR) is currently 25.32%.

Franklin Electric Company Profile

Franklin Electric Co, Inc, together with its subsidiaries, designs, manufactures, and distributes water and fuel pumping systems worldwide. The company operates through Water Systems, Fueling Systems, and Distribution segments. The Water Systems segment offers submersible motors, drives, pumps, electronic controls, water treatment systems, monitoring devices, and related parts and equipment.