Seaport Res Ptn Expects Lower Earnings for Franklin Electric

Franklin Electric Co., Inc. (NASDAQ:FELE - Free Report) - Equities researchers at Seaport Res Ptn decreased their Q4 2024 earnings per share (EPS) estimates for Franklin Electric in a research note issued to investors on Tuesday, October 29th. Seaport Res Ptn analyst W. Liptak now anticipates that the industrial products company will post earnings of $0.72 per share for the quarter, down from their previous forecast of $0.99. The consensus estimate for Franklin Electric's current full-year earnings is $3.84 per share. Seaport Res Ptn also issued estimates for Franklin Electric's Q4 2025 earnings at $0.89 EPS.

Franklin Electric (NASDAQ:FELE - Get Free Report) last released its earnings results 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). The company had revenue of $531.40 million for the quarter, compared to the consensus estimate of $551.08 million. Franklin Electric had a net margin of 9.22% and a return on equity of 15.03%. The business's revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.23 EPS.

Separately, Robert W. Baird cut their price target on shares of Franklin Electric from $107.00 to $105.00 and set a "neutral" rating on the stock in a report on Wednesday.

Franklin Electric Trading Up 1.9 %

Shares of FELE traded up $1.79 during midday trading on Friday, hitting $97.50. The stock had a trading volume of 197,827 shares, compared to its average volume of 175,203. The stock's 50 day moving average is $101.74 and its 200 day moving average is $100.13. The firm has a market cap of $4.45 billion, a PE ratio of 24.23, a price-to-earnings-growth ratio of 2.09 and a beta of 0.95. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.40 and a quick ratio of 1.14. Franklin Electric has a 1 year low of $85.47 and a 1 year high of $108.39.

Franklin Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders 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 annualized dividend and a dividend yield of 1.03%. Franklin Electric's dividend payout ratio (DPR) is 25.32%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FELE. Blue Trust Inc. grew its stake in Franklin Electric by 55.7% in the third quarter. Blue Trust Inc. now owns 299 shares of the industrial products company's stock worth $29,000 after purchasing an additional 107 shares in the last quarter. ORG Partners LLC bought a new stake in shares of Franklin Electric in the second quarter valued at about $36,000. GAMMA Investing LLC lifted its stake in Franklin Electric by 130.6% in the second quarter. GAMMA Investing LLC now owns 724 shares of the industrial products company's stock worth $70,000 after acquiring an additional 410 shares during the period. CWM LLC grew its holdings in Franklin Electric by 16.7% during the 3rd quarter. CWM LLC now owns 684 shares of the industrial products company's stock worth $72,000 after acquiring an additional 98 shares in the last quarter. Finally, USA Financial Formulas bought a new stake in shares of Franklin Electric in the 3rd quarter valued at about $74,000. 79.98% of the stock is currently owned by institutional investors.

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.