Franklin Electric Co. Inc. Announces Quarterly Dividend of $0.08 (FELE)
Franklin Electric Co. (NASDAQ:FELE) announced a quarterly dividend on Monday, January 27th, Stock Ratings Network reports. Shareholders of record on Thursday, February 6th will be paid a dividend of 0.0775 per share on Thursday, February 20th. This represents a $0.31 annualized dividend and a dividend yield of 0.75%.
Several analysts have recently commented on the stock. Analysts at Hilliard Lyons reiterated a “neutral” rating on shares of Franklin Electric Co. in a research note to investors on Tuesday, December 31st. On the ratings front, analysts at UBS AG downgraded shares of Franklin Electric Co. from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday, December 3rd. They now have a $43.00 price target on the stock, up previously from $11.00. They noted that the move was a valuation call. Finally, analysts at Wedbush downgraded shares of Franklin Electric Co. from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, December 3rd. They now have a $43.00 price target on the stock. They noted that the move was a valuation call.
Shares of Franklin Electric Co. (NASDAQ:FELE) traded down 2.23% on Monday, hitting $40.37. The stock had a trading volume of 97,947 shares. Franklin Electric Co. has a 52-week low of $29.69 and a 52-week high of $46.11. The stock’s 50-day moving average is $43.73 and its 200-day moving average is $39.8. The company has a market cap of $1.923 billion and a P/E ratio of 24.56.
Franklin Electric Co. (NASDAQ:FELE) last released its earnings data on Wednesday, October 30th. The company reported $0.50 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.50. The company had revenue of $249.80 million for the quarter, compared to the consensus estimate of $255.26 million. During the same quarter in the previous year, the company posted $0.92 earnings per share. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. Analysts expect that Franklin Electric Co. will post $1.72 EPS 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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