Seaport Res Ptn Has Bearish Forecast for FELE Q4 Earnings

Franklin Electric Co., Inc. (NASDAQ:FELE) – Research analysts at Seaport Res Ptn cut their Q4 2024 earnings per share estimates for shares of Franklin Electric in a research report issued to clients and investors on Tuesday, October 29th. Seaport Res Ptn analyst W. Liptak now expects that the industrial products company will post earnings of $0.72 per share for the quarter, down from their previous forecast of $0.99. The consensus estimate for Franklin Electric’s current full-year earnings is $3.84 per share. Seaport Res Ptn also issued estimates for Franklin Electric’s Q4 2025 earnings at $0.89 EPS.

Separately, Robert W. Baird reduced their price objective on Franklin Electric from $107.00 to $105.00 and set a “neutral” rating for the company in a research report on Wednesday.

Franklin Electric Trading Up 1.9 %

NASDAQ FELE opened at $97.50 on Friday. Franklin Electric has a 12 month low of $85.47 and a 12 month high of $108.39. The stock has a 50-day simple moving average of $101.64 and a 200 day simple moving average of $100.11. The company has a market capitalization of $4.45 billion, a PE ratio of 24.68, a P/E/G ratio of 2.09 and a beta of 0.95. The company has a current ratio of 2.40, a quick ratio of 1.14 and a debt-to-equity ratio of 0.01.

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

Franklin Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Thursday, November 7th will be given a $0.25 dividend. The ex-dividend date is Thursday, November 7th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.03%. Franklin Electric’s payout ratio is 25.32%.

Institutional Trading of Franklin Electric

Hedge funds have recently made changes to their positions in the business. Blue Trust Inc. lifted its position in shares of Franklin Electric by 55.7% in the third quarter. Blue Trust Inc. now owns 299 shares of the industrial products company’s stock valued at $29,000 after buying an additional 107 shares during the last quarter. ORG Partners LLC acquired a new stake in shares of Franklin Electric in the second quarter valued at approximately $36,000. GAMMA Investing LLC lifted its position in shares of Franklin Electric by 130.6% in the second quarter. GAMMA Investing LLC now owns 724 shares of the industrial products company’s stock valued at $70,000 after buying an additional 410 shares during the last quarter. CWM LLC increased its stake in shares of Franklin Electric by 16.7% during the third quarter. CWM LLC now owns 684 shares of the industrial products company’s stock worth $72,000 after purchasing an additional 98 shares during the period. Finally, USA Financial Formulas bought a new position in shares of Franklin Electric during the third quarter worth approximately $74,000. 79.98% of the stock is owned by institutional investors and hedge funds.

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.