Franklin Electric (NASDAQ:FELE) Receives Neutral Rating from DA Davidson

Franklin Electric (NASDAQ:FELE)‘s stock had its “neutral” rating reiterated by DA Davidson in a report released on Tuesday,Benzinga reports. They currently have a $100.00 target price on the industrial products company’s stock. DA Davidson’s price target points to a potential downside of 4.75% from the stock’s current price.

Several other equities analysts also recently weighed in on FELE. Weiss Ratings reissued a “hold (c)” rating on shares of Franklin Electric in a research report on Tuesday, June 9th. Wall Street Zen raised Franklin Electric from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $106.00.

Franklin Electric Price Performance

NASDAQ FELE traded up $1.49 during mid-day trading on Tuesday, hitting $104.99. The stock had a trading volume of 26,015 shares, compared to its average volume of 322,701. The company has a quick ratio of 1.14, a current ratio of 2.67 and a debt-to-equity ratio of 0.10. The company has a 50 day simple moving average of $99.59 and a 200 day simple moving average of $98.34. The company has a market cap of $4.64 billion, a price-to-earnings ratio of 31.62, a P/E/G ratio of 1.88 and a beta of 1.05. Franklin Electric has a 52-week low of $84.82 and a 52-week high of $111.53.

Franklin Electric (NASDAQ:FELE) last released its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.06. The company had revenue of $500.44 million during the quarter, compared to the consensus estimate of $479.21 million. Franklin Electric had a return on equity of 14.86% and a net margin of 6.91%.Franklin Electric’s revenue was up 9.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.67 earnings per share. Franklin Electric has set its FY 2026 guidance at 4.400-4.600 EPS. Equities analysts forecast that Franklin Electric will post 4.58 EPS for the current fiscal year.

Insider Buying and Selling at Franklin Electric

In other news, insider Jonathan M. Grandon sold 8,547 shares of the firm’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $103.40, for a total transaction of $883,759.80. Following the sale, the insider owned 7,509 shares in the company, valued at $776,430.60. This trade represents a 53.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Delancey W. Davis sold 1,900 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $100.00, for a total value of $190,000.00. Following the sale, the insider owned 10,402 shares in the company, valued at $1,040,200. This trade represents a 15.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 19,835 shares of company stock worth $2,004,982 in the last 90 days. Insiders own 2.89% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quarry LP acquired a new position in Franklin Electric in the third quarter valued at $28,000. Aster Capital Management DIFC Ltd acquired a new position in Franklin Electric in the fourth quarter valued at $35,000. EverSource Wealth Advisors LLC boosted its holdings in Franklin Electric by 31.2% in the second quarter. EverSource Wealth Advisors LLC now owns 425 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 101 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in Franklin Electric by 213.1% in the fourth quarter. Farther Finance Advisors LLC now owns 454 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 309 shares during the last quarter. Finally, Kestra Advisory Services LLC acquired a new position in Franklin Electric in the fourth quarter valued at $48,000. Institutional investors and hedge funds own 79.98% of the company’s stock.

Franklin Electric Company Profile

Franklin Electric Co, Inc is a world‐leading manufacturer and distributor of systems and components for moving and managing water and fuel. Headquartered in Fort Wayne, Indiana, the company specializes in designing engineered pumping systems and related controls for residential, commercial and industrial applications.

Founded in 1944, Franklin Electric has built its reputation on submersible and surface pumping solutions for water wells, municipal water and wastewater treatment, irrigation and industrial fluid handling.