Franklin Electric (NASDAQ:FELE) Downgraded to Hold Rating by Wall Street Zen

Franklin Electric (NASDAQ:FELE) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

FELE has been the topic of several other research reports. Weiss Ratings restated a “hold (c)” rating on shares of Franklin Electric in a research report on Monday, December 29th. Robert W. Baird set a $112.00 price objective on shares of Franklin Electric in a research note on Wednesday, October 29th. Finally, DA Davidson set a $100.00 target price on shares of Franklin Electric in a research report on Thursday. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $106.00.

Franklin Electric Trading Up 1.2%

Shares of Franklin Electric stock opened at $95.84 on Friday. The company has a quick ratio of 1.12, a current ratio of 2.79 and a debt-to-equity ratio of 0.10. The firm has a market cap of $4.27 billion, a price-to-earnings ratio of 29.76, a PEG ratio of 1.73 and a beta of 1.08. Franklin Electric has a twelve month low of $78.87 and a twelve month high of $111.53. The business has a 50-day moving average price of $100.19 and a 200-day moving average price of $97.05.

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

Hedge Funds Weigh In On Franklin Electric

A number of large investors have recently bought and sold shares of the business. Quarry LP purchased a new stake in Franklin Electric in the third quarter worth $28,000. Aster Capital Management DIFC Ltd purchased a new position in Franklin Electric in the 4th quarter worth about $35,000. EverSource Wealth Advisors LLC lifted its holdings in Franklin Electric by 31.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 425 shares of the industrial products company’s stock valued at $38,000 after buying an additional 101 shares in the last quarter. Farther Finance Advisors LLC boosted its position in Franklin Electric by 213.1% in the 4th quarter. Farther Finance Advisors LLC now owns 454 shares of the industrial products company’s stock valued at $43,000 after buying an additional 309 shares during the period. Finally, MAI Capital Management increased its position in shares of Franklin Electric by 36.5% during the second quarter. MAI Capital Management now owns 490 shares of the industrial products company’s stock worth $44,000 after acquiring an additional 131 shares during the period. Hedge funds and other institutional investors own 79.98% of the company’s stock.

About Franklin Electric

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.