Franklin Electric Co. (NASDAQ:FELE) has received an average rating of “Hold” from the eight brokerages that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $48.00.
A number of equities research analysts have recently issued reports on the stock. BidaskClub downgraded shares of Franklin Electric from a “hold” rating to a “sell” rating in a research report on Tuesday, October 16th. Zacks Investment Research upgraded shares of Franklin Electric from a “sell” rating to a “hold” rating in a research report on Thursday, October 4th. Finally, ValuEngine downgraded shares of Franklin Electric from a “buy” rating to a “hold” rating in a research report on Wednesday, September 19th.
In other news, VP Steven William Aikman sold 1,500 shares of Franklin Electric stock in a transaction that occurred on Friday, September 14th. The shares were sold at an average price of $50.21, for a total transaction of $75,315.00. Following the completion of the sale, the vice president now directly owns 16,515 shares in the company, valued at approximately $829,218.15. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.52% of the stock is currently owned by company insiders.
Shares of FELE stock traded up $1.03 during midday trading on Wednesday, reaching $45.96. 89,500 shares of the company traded hands, compared to its average volume of 118,018. Franklin Electric has a 1-year low of $38.45 and a 1-year high of $51.45. The company has a current ratio of 2.22, a quick ratio of 1.00 and a debt-to-equity ratio of 0.13. The company has a market cap of $2.05 billion, a price-to-earnings ratio of 23.94, a PEG ratio of 2.31 and a beta of 1.60.
Franklin Electric (NASDAQ:FELE) last posted its quarterly earnings results on Friday, October 26th. The industrial products company reported $0.64 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.66 by ($0.02). Franklin Electric had a net margin of 7.07% and a return on equity of 14.22%. The company had revenue of $341.87 million for the quarter, compared to analyst estimates of $342.18 million. During the same quarter in the previous year, the business posted $0.53 earnings per share. Franklin Electric’s revenue was up 9.9% on a year-over-year basis. Sell-side analysts forecast that Franklin Electric will post 2.24 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Thursday, November 1st will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, October 31st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.04%. Franklin Electric’s payout ratio is 25.00%.
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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