Shares of Franklin Electric (NASDAQ:FELE) have received an average rating of “Hold” from the six ratings firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $46.75.
Several brokerages have commented on FELE. BidaskClub raised shares of Franklin Electric from a “strong sell” rating to a “sell” rating in a research report on Thursday, March 8th. Seaport Global Securities reaffirmed a “hold” rating and issued a $41.00 price objective on shares of Franklin Electric in a research report on Friday, February 23rd. Robert W. Baird reaffirmed a “hold” rating and issued a $47.00 price objective on shares of Franklin Electric in a research report on Friday, February 23rd. Gabelli reaffirmed a “hold” rating on shares of Franklin Electric in a research report on Wednesday, February 21st. Finally, Zacks Investment Research raised shares of Franklin Electric from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a research report on Wednesday, February 21st.
In other news, CFO John J. Haines sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, March 16th. The shares were sold at an average price of $42.50, for a total value of $106,250.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Delancey W. Davis sold 8,576 shares of the business’s stock in a transaction that occurred on Wednesday, March 14th. The shares were sold at an average price of $42.16, for a total transaction of $361,564.16. The disclosure for this sale can be found here. In the last three months, insiders sold 12,356 shares of company stock worth $521,830. Insiders own 2.52% of the company’s stock.
Shares of FELE stock opened at $42.95 on Friday. The stock has a market capitalization of $1,954.25, a price-to-earnings ratio of 22.37 and a beta of 1.53. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.13 and a current ratio of 2.40. Franklin Electric has a 52 week low of $36.00 and a 52 week high of $47.20.
Franklin Electric (NASDAQ:FELE) last announced its quarterly earnings data on Tuesday, February 20th. The industrial products company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.03). The company had revenue of $288.20 million during the quarter, compared to the consensus estimate of $312.73 million. Franklin Electric had a return on equity of 12.97% and a net margin of 6.95%. The business’s revenue was up 20.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.38 EPS. research analysts predict that Franklin Electric will post 2.23 earnings per share for the current year.
About Franklin Electric
Franklin Electric Co, Inc, together with its subsidiaries, designs, manufactures, and distributes water and fuel pumping systems worldwide. It operates in three segments: Water Systems, Fueling Systems, and Distribution. The Water Systems segment offers submersible motors, pumps, drives, electronic controls, monitoring devices, and related parts and equipment.
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