News headlines about Franklin Electric Co. (NASDAQ:FELE) have trended somewhat positive on Friday, Accern Sentiment reports. The research group rates the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Franklin Electric Co. earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave news stories about the industrial products company an impact score of 47.2016122305829 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Shares of Franklin Electric Co. (NASDAQ FELE) traded up $0.05 during trading on Friday, reaching $44.00. The company had a trading volume of 162,496 shares, compared to its average volume of 155,870. Franklin Electric Co. has a 1 year low of $36.00 and a 1 year high of $46.95. The stock has a market cap of $2,060.00, a P/E ratio of 24.04 and a beta of 1.62. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.13 and a current ratio of 2.35.
Franklin Electric Co. (NASDAQ:FELE) last released its earnings results on Tuesday, October 24th. The industrial products company reported $0.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.01. The company had revenue of $311.11 million for the quarter, compared to analysts’ expectations of $317.54 million. Franklin Electric Co. had a return on equity of 13.09% and a net margin of 8.13%. The business’s revenue for the quarter was up 29.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.48 EPS. research analysts forecast that Franklin Electric Co. will post 1.89 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 16th. Investors of record on Thursday, November 2nd will be issued a dividend of $0.1075 per share. This represents a $0.43 annualized dividend and a dividend yield of 0.98%. The ex-dividend date is Wednesday, November 1st. Franklin Electric Co.’s dividend payout ratio is currently 22.87%.
A number of research firms have recently issued reports on FELE. Zacks Investment Research upgraded shares of Franklin Electric Co. from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a report on Wednesday, September 27th. Boenning Scattergood reaffirmed a “buy” rating on shares of Franklin Electric Co. in a research note on Tuesday, October 24th. Robert W. Baird reiterated a “hold” rating and set a $45.00 price objective on shares of Franklin Electric Co. in a research report on Wednesday, October 4th. BidaskClub cut shares of Franklin Electric Co. from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Finally, Seaport Global Securities reissued a “neutral” rating on shares of Franklin Electric Co. in a research note on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. Franklin Electric Co. presently has an average rating of “Hold” and a consensus price target of $49.33.
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In other Franklin Electric Co. news, VP Donald P. Kenney sold 4,754 shares of the company’s stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $45.00, for a total value of $213,930.00. Following the transaction, the vice president now owns 19,129 shares in the company, valued at approximately $860,805. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 2.54% of the company’s stock.
Franklin Electric Co. 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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