What is DA Davidson's Forecast for FELE Q1 Earnings?

Franklin Electric Co., Inc. (NASDAQ:FELE - Free Report) - Equities researchers at DA Davidson issued their Q1 2025 EPS estimates for Franklin Electric in a research note issued on Wednesday, February 19th. DA Davidson analyst M. Summerville anticipates that the industrial products company will earn $0.73 per share for the quarter. The consensus estimate for Franklin Electric's current full-year earnings is $4.19 per share. DA Davidson also issued estimates for Franklin Electric's FY2025 earnings at $4.15 EPS.

Separately, Robert W. Baird lowered their target price on shares of Franklin Electric from $107.00 to $105.00 and set a "neutral" rating for the company in a report on Wednesday, October 30th.

Franklin Electric Stock Down 1.7 %

Shares of FELE stock traded down $1.76 on Thursday, hitting $104.24. The stock had a trading volume of 233,612 shares, compared to its average volume of 197,053. The business has a 50 day moving average of $99.33 and a 200 day moving average of $101.65. The stock has a market cap of $4.76 billion, a price-to-earnings ratio of 27.08, a price-to-earnings-growth ratio of 2.11 and a beta of 1.00. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.22 and a quick ratio of 1.06. Franklin Electric has a 12-month low of $91.67 and a 12-month high of $111.94.

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

Franklin Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were issued a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend was Thursday, February 6th. This is an increase from Franklin Electric's previous quarterly dividend of $0.25. Franklin Electric's dividend payout ratio (DPR) is 27.53%.

Institutional Trading of Franklin Electric

A number of large investors have recently added to or reduced their stakes in the stock. CWM LLC boosted its position in Franklin Electric by 16.7% during the third quarter. CWM LLC now owns 684 shares of the industrial products company's stock worth $72,000 after purchasing an additional 98 shares during the period. Blue Trust Inc. boosted its position 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 purchasing an additional 107 shares during the period. Signaturefd LLC boosted its position in Franklin Electric by 29.9% during the third quarter. Signaturefd LLC now owns 712 shares of the industrial products company's stock worth $75,000 after purchasing an additional 164 shares during the period. Assenagon Asset Management S.A. boosted its position in Franklin Electric by 6.3% during the third quarter. Assenagon Asset Management S.A. now owns 176,080 shares of the industrial products company's stock worth $18,457,000 after purchasing an additional 10,479 shares during the period. Finally, Wealth Enhancement Advisory Services LLC bought a new position in Franklin Electric during the third quarter worth about $246,000. Hedge funds and other institutional investors own 79.98% of the company's stock.

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.