Equities Analysts Offer Predictions for FELE FY2025 Earnings

Franklin Electric Co., Inc. (NASDAQ:FELE) – Equities research analysts at DA Davidson reduced their FY2025 earnings per share estimates for Franklin Electric in a report issued on Monday, November 4th. DA Davidson analyst M. Summerville now expects that the industrial products company will post earnings per share of $4.20 for the year, down from their previous estimate of $4.50. The consensus estimate for Franklin Electric’s current full-year earnings is $3.82 per share.

Franklin Electric (NASDAQ:FELE) last released its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.27 by ($0.10). The company had revenue of $531.40 million during the quarter, compared to analysts’ expectations of $551.08 million. Franklin Electric had a net margin of 9.22% and a return on equity of 15.03%. Franklin Electric’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period last year, the firm earned $1.23 earnings per share.

Separately, Robert W. Baird lowered their target price on Franklin Electric from $107.00 to $105.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th.

Franklin Electric Stock Up 9.2 %

Shares of NASDAQ FELE opened at $110.03 on Wednesday. The stock has a 50 day moving average price of $101.69 and a 200 day moving average price of $100.16. The firm has a market capitalization of $5.03 billion, a price-to-earnings ratio of 27.86, a PEG ratio of 2.13 and a beta of 0.96. Franklin Electric has a 52-week low of $85.82 and a 52-week high of $110.97. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.06 and a current ratio of 2.40.

Franklin Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Thursday, November 7th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date is Thursday, November 7th. Franklin Electric’s dividend payout ratio (DPR) is 25.32%.

Insider Buying and Selling

In other news, insider Gregg C. Sengstack sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $100.22, for a total value of $150,330.00. Following the sale, the insider now directly owns 9,032 shares in the company, valued at approximately $905,187.04. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.72% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Franklin Electric

Several institutional investors and hedge funds have recently bought and sold shares of FELE. Vanguard Group Inc. boosted its position in shares of Franklin Electric by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 4,751,322 shares of the industrial products company’s stock worth $507,489,000 after purchasing an additional 30,408 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Franklin Electric by 2.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,030,238 shares of the industrial products company’s stock worth $212,810,000 after acquiring an additional 40,248 shares during the last quarter. Earnest Partners LLC increased its holdings in shares of Franklin Electric by 2.6% during the second quarter. Earnest Partners LLC now owns 1,563,125 shares of the industrial products company’s stock valued at $150,560,000 after acquiring an additional 39,478 shares in the last quarter. Boston Trust Walden Corp raised its position in shares of Franklin Electric by 0.6% in the 3rd quarter. Boston Trust Walden Corp now owns 659,057 shares of the industrial products company’s stock valued at $69,082,000 after purchasing an additional 3,847 shares during the last quarter. Finally, KBC Group NV raised its holdings in shares of Franklin Electric by 19.6% in the third quarter. KBC Group NV now owns 387,058 shares of the industrial products company’s stock worth $40,571,000 after buying an additional 63,436 shares during the last quarter. 79.98% of the stock is owned by hedge funds and other institutional investors.

Franklin Electric Company Profile

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.