Franklin Electric Co. (NASDAQ:FELE) Given Daily News Sentiment Score of 0.15
News headlines about Franklin Electric Co. (NASDAQ:FELE) have trended somewhat positive this week, according to Accern Sentiment. The research group rates the sentiment of news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Franklin Electric Co. earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned media coverage about the industrial products company an impact score of 47.5525663234466 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
FELE has been the subject of several research reports. Zacks Investment Research upgraded Franklin Electric Co. from a “sell” rating to a “hold” rating and set a $45.00 target price for the company in a research note on Wednesday, July 26th. BidaskClub upgraded Franklin Electric Co. from a “hold” rating to a “buy” rating in a research note on Friday, June 30th. Finally, Boenning Scattergood restated an “outperform” rating and issued a $52.00 target price (up from $44.00) on shares of Franklin Electric Co. in a research note on Wednesday, July 26th.
Shares of Franklin Electric Co. (NASDAQ:FELE) opened at 39.65 on Monday. The stock has a 50 day moving average price of $41.11 and a 200 day moving average price of $40.72. Franklin Electric Co. has a 52 week low of $34.75 and a 52 week high of $46.50. The firm has a market capitalization of $1.84 billion, a P/E ratio of 21.55 and a beta of 1.60.
Franklin Electric Co. (NASDAQ:FELE) last released its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.04. Franklin Electric Co. had a net margin of 8.62% and a return on equity of 13.10%. The company had revenue of $305.35 million during the quarter, compared to the consensus estimate of $310.13 million. During the same period in the prior year, the firm earned $0.51 earnings per share. Franklin Electric Co.’s revenue was up 21.1% on a year-over-year basis. Analysts forecast that Franklin Electric Co. will post $1.89 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 17th. Investors of record on Thursday, August 3rd will be paid a $0.108 dividend. This represents a $0.43 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date is Tuesday, August 1st. Franklin Electric Co.’s payout ratio is currently 23.37%.
In related news, insider Robert J. Stone sold 39,260 shares of the stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $45.00, for a total value of $1,766,700.00. Following the completion of the transaction, the insider now directly owns 39,392 shares of the company’s stock, valued at $1,772,640. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP John J. Haines sold 4,000 shares of the stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $41.00, for a total transaction of $164,000.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 47,331 shares of company stock valued at $2,070,946. 2.54% of the stock is owned by insiders.
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About Franklin Electric Co.
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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