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NASDAQ:FELE

Franklin Electric (FELE) Stock Price, News & Analysis

$102.65
+1.25 (+1.23%)
(As of 11:00 AM ET)

About Franklin Electric Stock (NASDAQ:FELE)

Key Stats

Today's Range
$102.49
$103.67
50-Day Range
$95.22
$106.62
52-Week Range
$82.61
$108.39
Volume
33,236 shs
Average Volume
175,630 shs
Market Capitalization
$4.73 billion
P/E Ratio
25.53
Dividend Yield
0.97%
Price Target
$100.00
Consensus Rating
Hold

Company Overview

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. Its motors and pumps are used principally for pumping clean water and wastewater in various residential, agricultural, municipal, and industrial applications; and manufactures electronic drives and controls that are used in motors for controlling functionality, as well as provides protection from various hazards, such as electrical surges, over-heating, and dry wells or 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 fueling system applications. This segment serves other energy markets, such as power reliability systems, as well as includes electronic devices for online monitoring of the power utility, hydroelectric, and telecommunication and data center infrastructure. The Distribution segment sells to and provides presale support and specifications to the installing contractors. It sells products produced by the Water Systems segment. The company sells its products to wholesale and retail distributors, 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.

Franklin Electric Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks

Overall MarketRank™: 82nd Percentile

Franklin Electric scored higher than 82% of companies evaluated by MarketBeat, and ranked 63rd out of 171 stocks in the industrial products sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Franklin Electric has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Franklin Electric has received no research coverage in the past 90 days.

  • Read more about Franklin Electric's stock forecast and price target.
  • Earnings Growth

    Earnings for Franklin Electric are expected to grow by 9.72% in the coming year, from $4.22 to $4.63 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Franklin Electric is 25.64, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 139.51.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Franklin Electric is 25.64, which means that it is trading at a more expensive P/E ratio than the Industrial Products sector average P/E ratio of about 20.00.

  • Price to Earnings Growth Ratio

    Franklin Electric has a PEG Ratio of 1.88. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Franklin Electric has a P/B Ratio of 3.93. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Franklin Electric's valuation and earnings.
  • Percentage of Shares Shorted

    1.76% of the float of Franklin Electric has been sold short.
  • Short Interest Ratio / Days to Cover

    Franklin Electric has a short interest ratio ("days to cover") of 4.1.
  • Change versus previous month

    Short interest in Franklin Electric has recently increased by 6.03%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    Franklin Electric pays a meaningful dividend of 1.04%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Franklin Electric has been increasing its dividend for 32 years.

  • Dividend Coverage

    The dividend payout ratio of Franklin Electric is 24.88%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Franklin Electric will have a dividend payout ratio of 21.60% next year. This indicates that Franklin Electric will be able to sustain or increase its dividend.

  • Read more about Franklin Electric's dividend.
  • Percentage of Shares Shorted

    1.76% of the float of Franklin Electric has been sold short.
  • Short Interest Ratio / Days to Cover

    Franklin Electric has a short interest ratio ("days to cover") of 4.1.
  • Change versus previous month

    Short interest in Franklin Electric has recently increased by 6.03%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Franklin Electric has a news sentiment score of 1.05. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.63 average news sentiment score of Industrial Products companies.
  • News Coverage This Week

    MarketBeat has tracked 5 news articles for Franklin Electric this week, compared to 3 articles on an average week.
  • Search Interest

    Only 1 people have searched for FELE on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
  • MarketBeat Follows

    Only 1 people have added Franklin Electric to their MarketBeat watchlist in the last 30 days. This is a decrease of -67% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Franklin Electric insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,568,171.00 in company stock.

  • Percentage Held by Insiders

    Only 2.72% of the stock of Franklin Electric is held by insiders.

  • Percentage Held by Institutions

    79.98% of the stock of Franklin Electric is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Franklin Electric's insider trading history.
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FELE Stock News Headlines

Franklin Electric Co., Inc. (NASDAQ:FELE) Short Interest Up 6.0% in August
Central Bank Abandons USD
Startling new evidence shows the U.S. Central Bank is abandoning the currency we’ve relied on for centuries – the United States Dollar… And placing a ‘quiet bet’ on a new type of currency… Gold.
Mondays With Mike: Franklin Mobile Tours
Franklin Electric (FELE) Earnings Dates & Reports
See More Headlines

FELE Stock Analysis - Frequently Asked Questions

Franklin Electric's stock was trading at $96.65 at the beginning of 2024. Since then, FELE stock has increased by 6.7% and is now trading at $103.09.
View the best growth stocks for 2024 here
.

Franklin Electric Co., Inc. (NASDAQ:FELE) posted its quarterly earnings results on Tuesday, July, 23rd. The industrial products company reported $1.26 EPS for the quarter, missing the consensus estimate of $1.32 by $0.06. The firm's quarterly revenue was down 4.6% on a year-over-year basis.

Franklin Electric's top institutional investors include Allspring Global Investments Holdings LLC (4.32%), Earnest Partners LLC (3.39%), King Luther Capital Management Corp (2.57%) and Dimensional Fund Advisors LP (2.36%). Insiders that own company stock include Gregg C Sengstack, Donald P Kenney, Jonathan M Grandon, Jay J Walsh, Jeffery L Taylor, Paul Chhabra, Delancey W Davis, Kenneth Keene and John J Haines.
View institutional ownership trends
.

Shares of FELE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Franklin Electric investors own include Las Vegas Sands (LVS), AT&T (T), Wendy's (WEN), Altria Group (MO), Kraft Heinz (KHC), Marathon Petroleum (MPC) and Pfizer (PFE).

Company Calendar

Last Earnings
7/23/2024
Ex-Dividend for 8/15 Dividend
8/01/2024
Dividend Payable
8/15/2024
Today
9/19/2024
Next Earnings (Estimated)
10/22/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Motors & generators
Sub-Industry
Electrical Components & Equipment
Current Symbol
NASDAQ:FELE
CUSIP
35351410
Employees
6,400
Year Founded
1944

Price Target and Rating

Average Stock Price Target
$100.00
High Stock Price Target
$110.00
Low Stock Price Target
$90.00
Potential Upside/Downside
-2.6%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$193.27 million
Pretax Margin
11.87%

Debt

Sales & Book Value

Annual Sales
$2.02 billion
Cash Flow
$5.74 per share
Book Value
$26.23 per share

Miscellaneous

Free Float
44,827,000
Market Cap
$4.73 billion
Optionable
Optionable
Beta
0.95

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This page (NASDAQ:FELE) was last updated on 9/19/2024 by MarketBeat.com Staff
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