Franklin Electric Co. (NASDAQ:FELE) shares reached a new 52-week high on Monday . The stock traded as high as $36.02 and last traded at $35.50, with a volume of 145,356 shares traded. The stock had previously closed at $34.11.

FELE has been the topic of several analyst reports. Zacks Investment Research upgraded shares of Franklin Electric from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a report on Wednesday, June 29th. Sterne Agee CRT reaffirmed a “buy” rating on shares of Franklin Electric in a research report on Monday, May 16th. TheStreet raised shares of Franklin Electric from a “hold” rating to a “buy” rating in a research report on Monday, March 21st. Seaport Global Securities lowered shares of Franklin Electric from an “accumulate” rating to a “neutral” rating and set a $36.00 price objective on the stock. in a research report on Friday, June 10th. Finally, Boenning Scattergood raised shares of Franklin Electric from a “neutral” rating to an “outperform” rating and set a $40.00 price objective on the stock in a research report on Monday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $33.83.

The firm has a market cap of $1.69 billion and a P/E ratio of 26.71. The stock’s 50 day moving average is $33.58 and its 200-day moving average is $30.66.

Franklin Electric (NASDAQ:FELE) last issued its quarterly earnings results on Monday, May 2nd. The company reported $0.29 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by $0.02. The company had revenue of $218.40 million for the quarter, compared to the consensus estimate of $217.20 million. Franklin Electric’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same period last year, the firm posted $0.32 EPS. On average, equities research analysts expect that Franklin Electric Co. will post $1.64 EPS for the current year.

In other news, VP Thomas J. Strupp sold 1,627 shares of the firm’s stock in a transaction dated Friday, May 6th. The shares were sold at an average price of $32.17, for a total transaction of $52,340.59. Following the sale, the vice president now owns 16,023 shares of the company’s stock, valued at approximately $515,459.91. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Donald P. Kenney sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, June 1st. The shares were sold at an average price of $33.27, for a total transaction of $33,270.00. Following the sale, the vice president now directly owns 19,627 shares in the company, valued at approximately $652,990.29. The disclosure for this sale can be found here.

Several hedge funds recently made changes to their positions in the stock. California State Teachers Retirement System increased its stake in shares of Franklin Electric by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 88,297 shares of the company’s stock worth $2,387,000 after buying an additional 1,412 shares during the last quarter. Rhumbline Advisers increased its stake in shares of Franklin Electric by 5.6% in the fourth quarter. Rhumbline Advisers now owns 68,297 shares of the company’s stock worth $1,846,000 after buying an additional 3,620 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Franklin Electric by 0.4% in the fourth quarter. Wells Fargo & Company MN now owns 1,229,172 shares of the company’s stock worth $33,224,000 after buying an additional 4,363 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Franklin Electric by 5.6% in the fourth quarter. Principal Financial Group Inc. now owns 262,619 shares of the company’s stock worth $7,099,000 after buying an additional 14,002 shares during the last quarter. Finally, Tributary Capital Management LLC increased its stake in shares of Franklin Electric by 11.0% in the fourth quarter. Tributary Capital Management LLC now owns 195,284 shares of the company’s stock worth $5,279,000 after buying an additional 19,386 shares during the last quarter.

Franklin Electric Co, Inc, together with its subsidiaries, is engaged in designing, manufacturing and distributing water and fuel pumping systems, composed of submersible motors, pumps, electronic controls, and related parts and equipment. The Company’s segments include the Water Systems segment and the Fueling Systems segment.

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