Franklin Electric Co. (NASDAQ: FELE) recently received a number of ratings updates from brokerages and research firms:

  • 10/6/2017 – Franklin Electric Co. was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Franklin Electric Company is the world’s largest manufacturer of submersible electric motors and a leading producer of engineered specialty electric motor products and electronic controls used by original equipment manufacturers around the world, in a wide variety of residential, industrial and municipal applications. The principal application for Franklin’s submersible electric motors is for water well pumping systems. “
  • 10/4/2017 – Franklin Electric Co. had its “hold” rating reaffirmed by analysts at Robert W. Baird. They now have a $45.00 price target on the stock.
  • 9/28/2017 – Franklin Electric Co. was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Franklin Electric Company is the world’s largest manufacturer of submersible electric motors and a leading producer of engineered specialty electric motor products and electronic controls used by original equipment manufacturers around the world, in a wide variety of residential, industrial and municipal applications. The principal application for Franklin’s submersible electric motors is for water well pumping systems. “
  • 9/27/2017 – Franklin Electric Co. was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $49.00 price target on the stock. According to Zacks, “Franklin Electric Company is the world’s largest manufacturer of submersible electric motors and a leading producer of engineered specialty electric motor products and electronic controls used by original equipment manufacturers around the world, in a wide variety of residential, industrial and municipal applications. The principal application for Franklin’s submersible electric motors is for water well pumping systems. “
  • 9/5/2017 – Franklin Electric Co. had its “outperform” rating reaffirmed by analysts at Boenning Scattergood.
  • 8/25/2017 – Franklin Electric Co. was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.

Franklin Electric Co. (NASDAQ:FELE) last announced its earnings results on Tuesday, July 25th. The industrial products company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.04. Franklin Electric Co. had a return on equity of 13.10% and a net margin of 8.62%. The firm had revenue of $305.35 million during the quarter, compared to the consensus estimate of $310.13 million. During the same quarter in the prior year, the company earned $0.51 EPS. The firm’s revenue for the quarter was up 21.1% compared to the same quarter last year.

In other Franklin Electric Co. news, insider Robert J. Stone sold 39,260 shares of the firm’s stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $45.00, for a total value of $1,766,700.00. Following the completion of the sale, the insider now owns 39,392 shares in the company, valued at approximately $1,772,640. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.54% of the stock is currently owned by company insiders.

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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