Press coverage about Franklin Electric (NASDAQ:FELE) has trended somewhat positive on Tuesday, according to Accern. The research group scores the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Franklin Electric earned a media sentiment score of 0.22 on Accern’s scale. Accern also gave news articles about the industrial products company an impact score of 46.9535526158679 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Franklin Electric (NASDAQ FELE) traded down $0.40 during midday trading on Tuesday, hitting $45.65. 124,134 shares of the company were exchanged, compared to its average volume of 157,304. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.35 and a quick ratio of 1.13. The stock has a market cap of $2,150.00, a P/E ratio of 24.75 and a beta of 1.62. Franklin Electric has a 1 year low of $36.00 and a 1 year high of $47.20.
Franklin Electric (NASDAQ:FELE) last posted its earnings results on Tuesday, October 24th. The industrial products company reported $0.53 EPS for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.01. The firm had revenue of $311.11 million for the quarter, compared to the consensus estimate of $317.54 million. Franklin Electric had a net margin of 8.13% and a return on equity of 13.09%. The company’s revenue was up 29.8% on a year-over-year basis. During the same period last year, the firm posted $0.48 EPS. equities analysts expect that Franklin Electric will post 1.89 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, November 16th. Investors of record on Thursday, November 2nd were given a $0.1075 dividend. This represents a $0.43 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date of this dividend was Wednesday, November 1st. Franklin Electric’s dividend payout ratio (DPR) is 22.87%.
A number of equities research analysts have commented on FELE shares. Zacks Investment Research downgraded shares of Franklin Electric from a “buy” rating to a “hold” rating in a research report on Friday, October 6th. BidaskClub downgraded shares of Franklin Electric from a “hold” rating to a “sell” rating in a research report on Friday, August 25th. Boenning Scattergood reaffirmed an “outperform” rating on shares of Franklin Electric in a research report on Tuesday, September 5th. Robert W. Baird reaffirmed a “hold” rating and issued a $45.00 target price on shares of Franklin Electric in a research report on Wednesday, October 4th. Finally, Seaport Global Securities reaffirmed a “neutral” rating on shares of Franklin Electric in a research report on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. Franklin Electric has an average rating of “Hold” and an average target price of $49.33.
In related news, VP Donald P. Kenney sold 4,754 shares of the stock in a transaction on Friday, October 27th. The shares were sold at an average price of $45.00, for a total value of $213,930.00. Following the transaction, the vice president now directly owns 19,129 shares of the company’s stock, valued at approximately $860,805. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.54% of the company’s stock.
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Franklin Electric Company Profile
Franklin Electric Co, Inc designs, manufactures and distributes water and fuel pumping systems, consisting of submersible motors, pumps, electronic controls and related parts and equipment. Its segments include Water Systems segment, the Fueling Systems segment and Other. Its Water Systems segment is engaged in the production and marketing of water pumping systems and offers motors, pumps, drives, electronic controls and monitoring devices.
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