According to Zacks, “Franklin Electric is a global leader in the production and marketing of systems and components for the movement of water and automotive fuels. Franklin Electric has produced high-quality industrial pumps, filters and accessories. By introducing the new Little Giant PondWorks program, Franklin Electric now brings the same exceptional knowledge, experience, and quality to the recreational water gardening and outdoor living markets. “
Other research analysts have also issued research reports about the company. DA Davidson raised Franklin Electric from a neutral rating to a buy rating and increased their price objective for the company from $53.00 to $60.00 in a report on Monday, March 9th. BidaskClub raised Franklin Electric from a sell rating to a hold rating in a report on Saturday, June 6th.
Shares of NASDAQ FELE traded down $2.93 during mid-day trading on Monday, reaching $50.99. 7,328 shares of the company traded hands, compared to its average volume of 214,079. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.22 and a current ratio of 2.84. The stock has a market cap of $2.65 billion, a PE ratio of 26.05 and a beta of 1.09. The company’s fifty day moving average is $49.84 and its two-hundred day moving average is $53.33. Franklin Electric has a fifty-two week low of $41.25 and a fifty-two week high of $61.49.
Franklin Electric (NASDAQ:FELE) last issued its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $0.24 EPS for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.05. The business had revenue of $266.70 million for the quarter, compared to analyst estimates of $281.90 million. Franklin Electric had a return on equity of 12.73% and a net margin of 7.52%. The firm’s revenue for the quarter was down 8.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.19 EPS. Research analysts forecast that Franklin Electric will post 1.76 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, May 21st. Investors of record on Thursday, May 7th were paid a dividend of $0.155 per share. The ex-dividend date of this dividend was Wednesday, May 6th. This represents a $0.62 annualized dividend and a yield of 1.22%. Franklin Electric’s payout ratio is 29.95%.
A number of large investors have recently made changes to their positions in the stock. Municipal Employees Retirement System of Michigan boosted its stake in Franklin Electric by 2.0% during the 4th quarter. Municipal Employees Retirement System of Michigan now owns 11,770 shares of the industrial products company’s stock valued at $675,000 after purchasing an additional 230 shares during the period. Advisory Alpha LLC boosted its stake in Franklin Electric by 50.0% during the 4th quarter. Advisory Alpha LLC now owns 900 shares of the industrial products company’s stock valued at $54,000 after purchasing an additional 300 shares during the period. Mutual of America Capital Management LLC boosted its stake in Franklin Electric by 23.0% during the 1st quarter. Mutual of America Capital Management LLC now owns 1,682 shares of the industrial products company’s stock valued at $79,000 after purchasing an additional 314 shares during the period. Krane Funds Advisors LLC lifted its position in shares of Franklin Electric by 2.7% in the 1st quarter. Krane Funds Advisors LLC now owns 12,619 shares of the industrial products company’s stock worth $595,000 after acquiring an additional 336 shares during the period. Finally, Private Capital Group LLC lifted its position in shares of Franklin Electric by 57.6% in the 1st quarter. Private Capital Group LLC now owns 928 shares of the industrial products company’s stock worth $44,000 after acquiring an additional 339 shares during the period. Hedge funds and other institutional investors own 76.61% 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. 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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