Headlines about Franklin Electric (NASDAQ:FELE) have been trending somewhat positive this week, Accern reports. The research firm identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Franklin Electric earned a daily sentiment score of 0.22 on Accern’s scale. Accern also gave news stories about the industrial products company an impact score of 46.9535526158679 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Several analysts have recently commented on the stock. Boenning Scattergood reiterated a “buy” rating on shares of Franklin Electric in a report on Tuesday, October 24th. Seaport Global Securities reaffirmed a “neutral” rating on shares of Franklin Electric in a research note on Wednesday, October 25th. Robert W. Baird boosted their price objective on shares of Franklin Electric from $45.00 to $47.00 and gave the company a “neutral” rating in a research report on Wednesday, October 25th. BidaskClub cut shares of Franklin Electric from a “hold” rating to a “sell” rating in a research report on Friday, August 25th. Finally, Zacks Investment Research raised shares of Franklin Electric from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a research report on Wednesday, September 27th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $49.33.
Shares of Franklin Electric (FELE) traded down $0.50 during trading on Thursday, reaching $44.85. 147,537 shares of the company’s stock were exchanged, compared to its average volume of 155,912. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.35 and a quick ratio of 1.13. Franklin Electric has a twelve month low of $36.00 and a twelve month high of $47.20. The firm has a market cap of $2,087.53, a price-to-earnings ratio of 24.61 and a beta of 1.62.
Franklin Electric (NASDAQ:FELE) last issued its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $0.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.01. Franklin Electric had a net margin of 8.13% and a return on equity of 13.09%. The business had revenue of $311.11 million for the quarter, compared to analyst estimates of $317.54 million. During the same quarter in the prior year, the business posted $0.48 EPS. Franklin Electric’s revenue for the quarter was up 29.8% compared to the same quarter last year. equities research analysts anticipate that Franklin Electric will post 1.89 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 16th. Stockholders of record on Thursday, November 2nd were issued a $0.1075 dividend. This represents a $0.43 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend was Wednesday, November 1st. Franklin Electric’s dividend payout ratio (DPR) is currently 23.12%.
In other news, VP Donald P. Kenney sold 4,754 shares of the company’s 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 sale, 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 can be accessed through this hyperlink. 2.54% of the stock is owned by corporate insiders.
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About Franklin Electric
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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