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NASDAQ:FELE

Franklin Electric (FELE) Stock Price, News & Analysis

Franklin Electric logo
$109.06 +2.42 (+2.27%)
(As of 11/22/2024 ET)

About Franklin Electric Stock (NASDAQ:FELE)

Key Stats

Today's Range
$106.90
$109.17
50-Day Range
$95.71
$110.17
52-Week Range
$87.65
$110.97
Volume
135,046 shs
Average Volume
196,542 shs
Market Capitalization
$4.98 billion
P/E Ratio
27.61
Dividend Yield
0.92%
Price Target
$101.67
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
84th Percentile Overall Score

FELE MarketRank™: 

Franklin Electric scored higher than 84% of companies evaluated by MarketBeat, and ranked 41st out of 178 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 only been the subject of 1 research reports 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 13.12% in the coming year, from $3.81 to $4.31 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Franklin Electric is 27.61, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 119.65.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Franklin Electric is 27.61, which means that it is trading at a more expensive P/E ratio than the Industrial Products sector average P/E ratio of about 22.93.

  • Price to Earnings Growth Ratio

    Franklin Electric has a PEG Ratio of 2.33. 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 3.91. 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

    1.21% 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 2.8, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Franklin Electric has recently decreased by 16.12%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Franklin Electric has a dividend yield of 0.94%, which is in 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 25.32%. 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 23.20% 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

    1.21% 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 2.8, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Franklin Electric has recently decreased by 16.12%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Franklin Electric has a news sentiment score of 0.83. 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 news sentiment score is similar to the average news sentiment of Industrial Products companies.
  • News Coverage This Week

    MarketBeat has tracked 2 news articles for Franklin Electric this week, compared to 4 articles on an average week.
  • MarketBeat Follows

    Only 1 people have added Franklin Electric to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% 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 $150,330.00 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 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 12.8% and is now trading at $109.06.
View the best growth stocks for 2024 here
.

Franklin Electric Co., Inc. (NASDAQ:FELE) announced its earnings results on Tuesday, October, 29th. The industrial products company reported $1.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.27 by $0.10. The firm's revenue was down 1.4% compared to the same quarter last year.

Top institutional investors of Franklin Electric include State Street Corp (4.66%), Allspring Global Investments Holdings LLC (4.41%), King Luther Capital Management Corp (2.59%) and Geode Capital Management LLC (2.20%). Insiders that own company stock include Donald P Kenney, Jonathan M Grandon, Jay J Walsh, Jeffery L Taylor, Paul Chhabra, Gregg C Sengstack, Delancey W Davis and Kenneth Keene.
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 NVIDIA (NVDA), Tesla (TSLA), JPMorgan Chase & Co. (JPM), Advanced Micro Devices (AMD), Home Depot (HD), Meta Platforms (META) and Chevron (CVX).

Company Calendar

Last Earnings
10/29/2024
Ex-Dividend for 11/21 Dividend
11/07/2024
Dividend Payable
11/21/2024
Today
11/24/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
2/11/2025

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
$101.67
High Stock Price Target
$110.00
Low Stock Price Target
$90.00
Potential Upside/Downside
-6.8%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$193.27 million
Pretax Margin
11.86%

Debt

Sales & Book Value

Annual Sales
$2.07 billion
Cash Flow
$5.45 per share
Book Value
$27.86 per share

Miscellaneous

Free Float
44,444,000
Market Cap
$4.98 billion
Optionable
Optionable
Beta
0.96

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This page (NASDAQ:FELE) was last updated on 11/24/2024 by MarketBeat.com Staff
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