DA Davidson Raises Earnings Estimates for Franklin Electric

Franklin Electric Co., Inc. (NASDAQ:FELE) – Equities researchers at DA Davidson increased their FY2025 earnings per share estimates for shares of Franklin Electric in a report released on Friday, October 31st. DA Davidson analyst M. Summerville now expects that the industrial products company will earn $4.15 per share for the year, up from their previous forecast of $4.12. The consensus estimate for Franklin Electric’s current full-year earnings is $4.19 per share. DA Davidson also issued estimates for Franklin Electric’s Q4 2025 earnings at $0.88 EPS.

Several other research firms have also recently issued reports on FELE. Robert W. Baird set a $112.00 price objective on Franklin Electric in a report on Wednesday, October 29th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Franklin Electric in a research note on Tuesday, October 14th. Finally, Wall Street Zen cut Franklin Electric from a “buy” rating to a “hold” rating in a research report on Saturday. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, Franklin Electric presently has an average rating of “Hold” and a consensus price target of $112.00.

Franklin Electric Stock Down 1.7%

Shares of NASDAQ FELE opened at $93.15 on Monday. The firm has a market cap of $4.14 billion, a price-to-earnings ratio of 30.34, a price-to-earnings-growth ratio of 1.91 and a beta of 1.08. The company’s 50-day simple moving average is $95.92 and its 200-day simple moving average is $92.08. The company has a quick ratio of 0.77, a current ratio of 2.54 and a debt-to-equity ratio of 0.10. Franklin Electric has a 52-week low of $78.87 and a 52-week high of $111.94.

Franklin Electric (NASDAQ:FELE) last released its quarterly earnings results on Tuesday, October 28th. The industrial products company reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.01. The firm had revenue of $581.71 million for the quarter, compared to analysts’ expectations of $563.18 million. Franklin Electric had a net margin of 6.71% and a return on equity of 14.24%. The firm’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.17 EPS. Franklin Electric has set its FY 2025 guidance at 4.000-4.200 EPS.

Institutional Investors Weigh In On Franklin Electric

A number of hedge funds have recently bought and sold shares of FELE. Arizona State Retirement System lifted its stake in Franklin Electric by 1.2% in the third quarter. Arizona State Retirement System now owns 11,463 shares of the industrial products company’s stock worth $1,091,000 after acquiring an additional 139 shares during the last quarter. AlphaQuest LLC lifted its position in shares of Franklin Electric by 38.7% during the 3rd quarter. AlphaQuest LLC now owns 45,466 shares of the industrial products company’s stock worth $4,328,000 after purchasing an additional 12,675 shares during the last quarter. Summit Global Investments grew its stake in shares of Franklin Electric by 176.4% during the third quarter. Summit Global Investments now owns 8,916 shares of the industrial products company’s stock worth $849,000 after purchasing an additional 5,690 shares in the last quarter. New York State Common Retirement Fund grew its stake in shares of Franklin Electric by 2.1% during the third quarter. New York State Common Retirement Fund now owns 21,118 shares of the industrial products company’s stock worth $2,010,000 after purchasing an additional 428 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new position in Franklin Electric in the third quarter valued at $1,181,000. Institutional investors and hedge funds own 79.98% of the company’s stock.

Insider Activity

In related news, insider Jonathan M. Grandon sold 10,036 shares of the firm’s stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $98.03, for a total transaction of $983,829.08. Following the completion of the sale, the insider directly owned 8,171 shares of the company’s stock, valued at approximately $801,003.13. This trade represents a 55.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.72% of the stock is owned by corporate insiders.

Franklin Electric Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Thursday, November 6th will be paid a $0.265 dividend. The ex-dividend date of this dividend is Thursday, November 6th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 1.1%. Franklin Electric’s dividend payout ratio (DPR) is 34.53%.

About Franklin Electric

Franklin Electric Co, Inc, together with its subsidiaries, designs, manufactures, and distributes water and fuel pumping systems worldwide. The company operates through Water Systems, Fueling Systems, and Distribution segments. The Water Systems segment offers submersible motors, drives, pumps, electronic controls, water treatment systems, monitoring devices, and related parts and equipment.