Research Analysts Issue Forecasts for FELE FY2025 Earnings

Franklin Electric Co., Inc. (NASDAQ:FELE) – Equities research analysts at DA Davidson cut their FY2025 earnings per share (EPS) estimates for Franklin Electric in a report released on Monday, November 4th. DA Davidson analyst M. Summerville now forecasts that the industrial products company will post earnings of $4.20 per share for the year, down from their prior forecast of $4.50. The consensus estimate for Franklin Electric’s current full-year earnings is $3.82 per share.

Separately, Robert W. Baird cut their price objective on shares of Franklin Electric from $107.00 to $105.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th.

Franklin Electric Stock Performance

NASDAQ FELE opened at $100.80 on Wednesday. The stock has a market cap of $4.61 billion, a PE ratio of 25.52, a P/E/G ratio of 2.13 and a beta of 0.96. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.06 and a current ratio of 2.40. The firm has a 50-day moving average of $101.53 and a 200-day moving average of $100.09. Franklin Electric has a 52-week low of $85.82 and a 52-week high of $108.39.

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

Franklin Electric Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Thursday, November 7th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend is Thursday, November 7th. Franklin Electric’s dividend payout ratio is 25.32%.

Institutional Trading of Franklin Electric

A number of institutional investors have recently bought and sold shares of the business. Janney Montgomery Scott LLC boosted its stake in shares of Franklin Electric by 25.0% in the first quarter. Janney Montgomery Scott LLC now owns 4,035 shares of the industrial products company’s stock valued at $431,000 after buying an additional 807 shares during the period. Texas Permanent School Fund Corp lifted its position in shares of Franklin Electric by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 34,719 shares of the industrial products company’s stock valued at $3,708,000 after acquiring an additional 450 shares during the period. Duality Advisers LP grew its holdings in shares of Franklin Electric by 1.6% during the 1st quarter. Duality Advisers LP now owns 8,857 shares of the industrial products company’s stock worth $946,000 after purchasing an additional 137 shares in the last quarter. Illinois Municipal Retirement Fund increased its position in shares of Franklin Electric by 2.2% in the first quarter. Illinois Municipal Retirement Fund now owns 22,901 shares of the industrial products company’s stock worth $2,446,000 after purchasing an additional 492 shares during the period. Finally, BHK Investment Advisors LLC raised its stake in Franklin Electric by 81.5% in the first quarter. BHK Investment Advisors LLC now owns 5,402 shares of the industrial products company’s stock valued at $577,000 after purchasing an additional 2,425 shares in the last quarter. Institutional investors own 79.98% of the company’s stock.

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.