Franklin Electric (FELE) Earns Daily Media Sentiment Score of 0.24

Headlines about Franklin Electric (NASDAQ:FELE) have been trending somewhat positive this week, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Franklin Electric earned a media sentiment score of 0.24 on Accern’s scale. Accern also gave news coverage about the industrial products company an impact score of 46.2585478945939 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Franklin Electric (NASDAQ:FELE) opened at $45.40 on Friday. The firm has a market capitalization of $2,094.52, a P/E ratio of 24.41 and a beta of 1.62. Franklin Electric has a 1 year low of $36.00 and a 1 year high of $47.20. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.13 and a current ratio of 2.35.

Franklin Electric (NASDAQ:FELE) last posted its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $0.53 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.01. The firm had revenue of $311.11 million for the quarter, compared to analyst estimates of $317.54 million. Franklin Electric had a return on equity of 13.09% and a net margin of 8.13%. The business’s quarterly revenue was up 29.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.48 EPS. sell-side analysts forecast that Franklin Electric will post 1.89 earnings per share for the current fiscal year.

A number of equities research analysts recently issued reports on FELE shares. Zacks Investment Research raised Franklin Electric from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a research report on Wednesday, September 27th. Boenning Scattergood reissued a “buy” rating on shares of Franklin Electric in a research report on Tuesday, October 24th. Robert W. Baird reissued a “hold” rating and issued a $45.00 target price on shares of Franklin Electric in a research report on Wednesday, October 4th. BidaskClub raised Franklin Electric from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, Seaport Global Securities reissued a “neutral” rating on shares of Franklin Electric in a research report on Wednesday, October 25th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Franklin Electric currently has a consensus rating of “Hold” and a consensus price target of $49.33.

In other Franklin Electric news, VP Donald P. Kenney sold 4,754 shares of the business’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $45.00, for a total transaction of $213,930.00. Following the transaction, the vice president now owns 19,129 shares of the company’s stock, valued at approximately $860,805. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.54% of the stock is owned by insiders.

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About Franklin Electric

Franklin Electric Co, Inc designs, manufactures and distributes water and fuel pumping systems, consisting of submersible motors, pumps, electronic controls and related parts and equipment. Its segments include Water Systems segment, the Fueling Systems segment and Other. Its Water Systems segment is engaged in the production and marketing of water pumping systems and offers motors, pumps, drives, electronic controls and monitoring devices.

Insider Buying and Selling by Quarter for Franklin Electric (NASDAQ:FELE)

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