Media stories about Franklin Electric (NASDAQ:FELE) have trended somewhat positive on Friday, Accern Sentiment reports. The research firm identifies positive and negative press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Franklin Electric earned a news impact score of 0.10 on Accern’s scale. Accern also gave news coverage about the industrial products company an impact score of 44.959604788453 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
FELE stock opened at $46.45 on Friday. The stock has a market capitalization of $2.15 billion, a price-to-earnings ratio of 23.38 and a beta of 1.55. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.22 and a quick ratio of 1.03. Franklin Electric has a 12 month low of $37.05 and a 12 month high of $47.35.
Franklin Electric (NASDAQ:FELE) last released its quarterly earnings data on Tuesday, May 1st. The industrial products company reported $0.45 EPS for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.07. The company had revenue of $295.60 million during the quarter, compared to the consensus estimate of $290.73 million. Franklin Electric had a net margin of 6.97% and a return on equity of 13.33%. Franklin Electric’s quarterly revenue was up 34.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.33 EPS. sell-side analysts expect that Franklin Electric will post 2.31 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 17th. Shareholders of record on Thursday, May 3rd were issued a $0.12 dividend. This is an increase from Franklin Electric’s previous quarterly dividend of $0.11. The ex-dividend date was Wednesday, May 2nd. This represents a $0.48 dividend on an annualized basis and a yield of 1.03%. Franklin Electric’s dividend payout ratio is presently 25.00%.
A number of analysts have commented on FELE shares. BidaskClub downgraded shares of Franklin Electric from a “sell” rating to a “strong sell” rating in a report on Wednesday, January 31st. Boenning Scattergood reiterated a “buy” rating and issued a $54.00 price objective on shares of Franklin Electric in a report on Tuesday, February 20th. Zacks Investment Research upgraded shares of Franklin Electric from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a report on Wednesday, February 21st. Gabelli reiterated a “hold” rating on shares of Franklin Electric in a report on Wednesday, February 21st. Finally, Robert W. Baird reiterated a “hold” rating and issued a $47.00 price objective on shares of Franklin Electric in a report on Friday, February 23rd. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Franklin Electric has an average rating of “Hold” and an average price target of $48.25.
In other news, insider Delancey W. Davis sold 8,576 shares of the firm’s stock in a transaction that occurred on Wednesday, March 14th. The shares were sold at an average price of $42.16, for a total transaction of $361,564.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Steven William Aikman sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, May 18th. The stock was sold at an average price of $46.02, for a total transaction of $138,060.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,754 shares of company stock valued at $766,449. 2.54% of the stock is owned by insiders.
About Franklin Electric
Franklin Electric Co, Inc, together with its subsidiaries, designs, manufactures, and distributes water and fuel pumping systems worldwide. It operates in three segments: Water Systems, Fueling Systems, and Distribution. The Water Systems segment offers submersible motors, pumps, drives, electronic controls, monitoring devices, and related parts and equipment.
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