Franklin Electric (NASDAQ:FELE) Earns Neutral Rating from DA Davidson

Franklin Electric (NASDAQ:FELE)‘s stock had its “neutral” rating reissued by equities research analysts at DA Davidson in a report released on Wednesday, Marketbeat.com reports. They currently have a $90.00 target price on the industrial products company’s stock. DA Davidson’s target price points to a potential downside of 4.97% from the company’s current price.

FELE has been the subject of a number of other reports. Robert W. Baird set a $112.00 price objective on shares of Franklin Electric in a research note on Wednesday, October 29th. Wall Street Zen raised shares of Franklin Electric from a “hold” rating to a “buy” rating in a report on Saturday, December 6th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Franklin Electric in a research note on Monday, December 29th. Three analysts have rated the stock with a Hold rating, According to MarketBeat.com, Franklin Electric currently has a consensus rating of “Hold” and an average target price of $106.00.

Franklin Electric Price Performance

Shares of Franklin Electric stock opened at $94.71 on Wednesday. The firm has a market cap of $4.22 billion, a PE ratio of 29.41, a PEG ratio of 1.66 and a beta of 1.08. The stock has a 50 day moving average of $100.20 and a 200 day moving average of $97.04. The company has a current ratio of 2.79, a quick ratio of 1.12 and a debt-to-equity ratio of 0.10. Franklin Electric has a 12 month low of $78.87 and a 12 month high of $111.53.

Franklin Electric (NASDAQ:FELE) last released its quarterly earnings data on Tuesday, February 17th. The industrial products company reported $0.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.02). Franklin Electric had a return on equity of 14.52% and a net margin of 6.90%.The firm had revenue of $506.86 million during the quarter, compared to the consensus estimate of $516.25 million. During the same period in the previous year, the firm earned $0.72 EPS. The business’s revenue was up 4.4% compared to the same quarter last year. Franklin Electric has set its FY 2026 guidance at 4.400-4.600 EPS. On average, research analysts expect that Franklin Electric will post 4.19 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Quarry LP purchased a new stake in Franklin Electric in the 3rd quarter valued at about $28,000. Aster Capital Management DIFC Ltd bought a new stake in shares of Franklin Electric during the fourth quarter valued at approximately $35,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Franklin Electric by 31.2% in the second quarter. EverSource Wealth Advisors LLC now owns 425 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 101 shares during the period. Farther Finance Advisors LLC grew its stake in Franklin Electric by 213.1% in the fourth quarter. Farther Finance Advisors LLC now owns 454 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 309 shares in the last quarter. Finally, MAI Capital Management increased its holdings in Franklin Electric by 36.5% during the 2nd quarter. MAI Capital Management now owns 490 shares of the industrial products company’s stock worth $44,000 after purchasing an additional 131 shares during the period. Hedge funds and other institutional investors own 79.98% of the company’s stock.

Franklin Electric Company Profile

Franklin Electric Co, Inc is a world‐leading manufacturer and distributor of systems and components for moving and managing water and fuel. Headquartered in Fort Wayne, Indiana, the company specializes in designing engineered pumping systems and related controls for residential, commercial and industrial applications.

Founded in 1944, Franklin Electric has built its reputation on submersible and surface pumping solutions for water wells, municipal water and wastewater treatment, irrigation and industrial fluid handling.