Franklin Electric (NASDAQ:FELE)‘s stock had its “hold” rating reissued by stock analysts at Seaport Global Securities in a note issued to investors on Friday. They presently have a $41.00 price target on the industrial products company’s stock. Seaport Global Securities’ target price points to a potential upside of 0.37% from the stock’s previous close. Seaport Global Securities also issued estimates for Franklin Electric’s Q1 2018 earnings at $0.40 EPS, Q2 2018 earnings at $0.65 EPS, Q3 2018 earnings at $0.60 EPS, Q4 2018 earnings at $0.55 EPS, FY2018 earnings at $2.20 EPS, Q1 2019 earnings at $0.42 EPS, Q2 2019 earnings at $0.71 EPS, Q3 2019 earnings at $0.65 EPS, Q4 2019 earnings at $0.59 EPS and FY2019 earnings at $2.37 EPS.
FELE has been the topic of a number of other research reports. BidaskClub raised Franklin Electric from a “sell” rating to a “hold” rating in a research note on Wednesday, January 3rd. Gabelli reissued a “hold” rating on shares of Franklin Electric in a research note on Wednesday. Zacks Investment Research cut Franklin Electric from a “buy” rating to a “hold” rating in a research note on Wednesday, January 17th. Boenning Scattergood reissued a “buy” rating and issued a $54.00 target price on shares of Franklin Electric in a research note on Tuesday. Finally, Robert W. Baird reissued a “hold” rating and issued a $47.00 target price on shares of Franklin Electric in a research note on Friday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $46.75.
Shares of Franklin Electric (NASDAQ:FELE) traded up $0.60 during mid-day trading on Friday, hitting $40.85. The company had a trading volume of 202,171 shares, compared to its average volume of 119,266. The company has a quick ratio of 1.13, a current ratio of 2.40 and a debt-to-equity ratio of 0.18. Franklin Electric has a one year low of $36.00 and a one year high of $47.20. The stock has a market capitalization of $1,875.52, a P/E ratio of 24.61 and a beta of 1.53.
Franklin Electric (NASDAQ:FELE) last released its earnings results on Tuesday, February 20th. The industrial products company reported $0.42 EPS for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.03). The firm had revenue of $288.20 million during the quarter, compared to the consensus estimate of $312.73 million. Franklin Electric had a net margin of 6.95% and a return on equity of 12.97%. The firm’s revenue was up 20.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.38 EPS. sell-side analysts predict that Franklin Electric will post 2.23 earnings per share for the current fiscal year.
Large investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio grew its stake in shares of Franklin Electric by 12.9% during the second quarter. Public Employees Retirement System of Ohio now owns 2,462 shares of the industrial products company’s stock valued at $102,000 after buying an additional 281 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Franklin Electric during the third quarter valued at about $131,000. Xact Kapitalforvaltning AB bought a new position in shares of Franklin Electric during the fourth quarter valued at about $208,000. Meadow Creek Investment Management LLC grew its stake in shares of Franklin Electric by 29.5% during the fourth quarter. Meadow Creek Investment Management LLC now owns 5,292 shares of the industrial products company’s stock valued at $243,000 after buying an additional 1,204 shares during the last quarter. Finally, Advisor Group Inc. grew its stake in shares of Franklin Electric by 51.7% during the fourth quarter. Advisor Group Inc. now owns 5,439 shares of the industrial products company’s stock valued at $250,000 after buying an additional 1,854 shares during the last quarter. 77.78% of the stock is currently owned by hedge funds and other institutional investors.
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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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