Seaport Res Ptn Issues Pessimistic Outlook for FELE Earnings

Franklin Electric Co., Inc. (NASDAQ:FELE) – Research analysts at Seaport Res Ptn lowered their Q1 2025 EPS estimates for shares of Franklin Electric in a research report issued to clients and investors on Wednesday, February 19th. Seaport Res Ptn analyst W. Liptak now expects that the industrial products company will earn $0.71 per share for the quarter, down from their previous estimate of $0.77. The consensus estimate for Franklin Electric’s current full-year earnings is $4.20 per share. Seaport Res Ptn also issued estimates for Franklin Electric’s Q2 2025 earnings at $1.31 EPS, Q4 2025 earnings at $0.87 EPS, FY2025 earnings at $4.20 EPS, Q1 2026 earnings at $0.84 EPS, Q2 2026 earnings at $1.48 EPS, Q3 2026 earnings at $1.44 EPS, Q4 2026 earnings at $1.00 EPS and FY2026 earnings at $4.75 EPS.

Franklin Electric (NASDAQ:FELE) last posted its earnings results on Tuesday, February 18th. The industrial products company reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.03. The company had revenue of $485.75 million during the quarter, compared to analysts’ expectations of $465.87 million. Franklin Electric had a net margin of 8.92% and a return on equity of 14.54%.

Separately, Robert W. Baird reduced their target price on shares of Franklin Electric from $107.00 to $105.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th.

Franklin Electric Stock Down 0.0 %

Shares of NASDAQ FELE opened at $106.00 on Thursday. The company’s 50-day simple moving average is $99.33 and its 200-day simple moving average is $101.65. Franklin Electric has a 52-week low of $91.67 and a 52-week high of $111.94. The firm has a market cap of $4.84 billion, a price-to-earnings ratio of 27.53, a price-to-earnings-growth ratio of 2.10 and a beta of 1.00. The company has a quick ratio of 1.06, a current ratio of 2.40 and a debt-to-equity ratio of 0.01.

Franklin Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were given a dividend of $0.265 per share. The ex-dividend date of this dividend was Thursday, February 6th. This represents a $1.06 dividend on an annualized basis and a yield of 1.00%. This is an increase from Franklin Electric’s previous quarterly dividend of $0.25. Franklin Electric’s dividend payout ratio is presently 27.53%.

Hedge Funds Weigh In On Franklin Electric

Large investors have recently bought and sold shares of the company. Blue Trust Inc. raised its position in Franklin Electric by 55.7% during the 3rd quarter. Blue Trust Inc. now owns 299 shares of the industrial products company’s stock worth $29,000 after buying an additional 107 shares during the last quarter. Spire Wealth Management purchased a new position in Franklin Electric during the 4th quarter worth $29,000. Trust Co. of Vermont purchased a new position in Franklin Electric during the 4th quarter worth $40,000. Public Employees Retirement System of Ohio acquired a new position in shares of Franklin Electric during the 4th quarter worth $52,000. Finally, Smartleaf Asset Management LLC grew its stake in shares of Franklin Electric by 189.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 642 shares of the industrial products company’s stock worth $62,000 after purchasing an additional 420 shares during the period. Hedge funds and other institutional investors own 79.98% of the company’s stock.

About Franklin Electric

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.