Franklin Electric Co. Inc. Sets New 1-Year High at $39.84 (FELE)
Franklin Electric Co. (NASDAQ:FELE) set a new 52-week high during mid-day trading on Monday, American Banking & Market News reports. The stock traded as high as $39.84 and last traded at $38.96, with a volume of 77,374 shares. The stock had previously closed at $38.32.
Separately, analysts at Wedbush initiated coverage on shares of Franklin Electric Co. (NASDAQ:FELE) in a research note to investors on Monday, July 8th. They set an “outperform” rating and a $41.00 price target on the stock.
In other Franklin Electric Co. news, CEO R Scott Trumbull sold 10,400 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $37.84, for a total value of $393,536.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Franklin Electric Co. has a 1-year low of $27.135 and a 1-year high of $39.84. The stock has a 50-day moving average of $37.47 and a 200-day moving average of $34.69. The company has a market cap of $1.846 billion and a P/E ratio of 23.51.
Franklin Electric Co. (NASDAQ:FELE) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.58 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.57 by $0.01. The company had revenue of $263.40 million for the quarter, compared to the consensus estimate of $268.13 million. During the same quarter last year, the company posted $1.06 earnings per share. Franklin Electric Co.’s revenue was up 6.8% compared to the same quarter last year. On average, analysts predict that Franklin Electric Co. will post $1.74 earnings per share for the current fiscal year.
Franklin Electric Co, Inc (NASDAQ:FELE) together with its subsidiaries, is engaged in designing, manufacturing and distributing water and fuel pumping systems, consists of submersible motors, pumps, electronic controls and related parts and equipment.
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