Seaport Res Ptn Analysts Reduce Earnings Estimates for FELE

Franklin Electric Co., Inc. (NASDAQ:FELE - Free Report) - Seaport Res Ptn lowered their Q1 2025 EPS estimates for shares of Franklin Electric in a note issued to investors on Wednesday, February 19th. Seaport Res Ptn analyst W. Liptak now forecasts that the industrial products company will post earnings per share of $0.71 for the quarter, down from their previous forecast of $0.77. The consensus estimate for Franklin Electric's current full-year earnings is $4.19 per share. Seaport Res Ptn also issued estimates for Franklin Electric's Q2 2025 earnings at $1.31 EPS, Q4 2025 earnings at $0.87 EPS, FY2025 earnings at $4.20 EPS, Q1 2026 earnings at $0.84 EPS, Q2 2026 earnings at $1.48 EPS, Q3 2026 earnings at $1.44 EPS, Q4 2026 earnings at $1.00 EPS and FY2026 earnings at $4.75 EPS.

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 Down 1.7 %

Shares of NASDAQ:FELE traded down $1.76 during trading on Thursday, reaching $104.24. The stock had a trading volume of 233,612 shares, compared to its average volume of 197,053. The firm's fifty day moving average is $99.33 and its 200 day moving average is $101.65. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.06 and a current ratio of 2.22. Franklin Electric has a 52 week low of $91.67 and a 52 week high of $111.94. The stock has a market cap of $4.76 billion, a price-to-earnings ratio of 27.08, a P/E/G ratio of 2.11 and a beta of 1.00.

Franklin Electric (NASDAQ:FELE - Get Free Report) last posted its earnings results on Tuesday, February 18th. The industrial products company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.69 by $0.03. Franklin Electric had a net margin of 8.92% and a return on equity of 14.46%. The business had revenue of $485.75 million for the quarter, compared to the consensus estimate of $465.87 million.

Franklin Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th were paid a $0.265 dividend. This is a positive change from Franklin Electric's previous quarterly dividend of $0.25. This represents a $1.06 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date of this dividend was Thursday, February 6th. Franklin Electric's dividend payout ratio is currently 27.53%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Blue Trust Inc. boosted its stake in Franklin Electric by 55.7% during the third quarter. Blue Trust Inc. now owns 299 shares of the industrial products company's stock worth $29,000 after acquiring an additional 107 shares in the last quarter. Spire Wealth Management bought a new position in Franklin Electric during the fourth quarter worth $29,000. Trust Co. of Vermont bought a new position in Franklin Electric during the fourth quarter worth $40,000. Public Employees Retirement System of Ohio bought a new position in Franklin Electric during the fourth quarter worth $52,000. Finally, Smartleaf Asset Management LLC boosted its stake in Franklin Electric by 189.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 642 shares of the industrial products company's stock worth $62,000 after acquiring an additional 420 shares in the last quarter. 79.98% of the stock is owned by institutional investors.

About Franklin Electric

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.