News stories about Franklin Electric Co. (NASDAQ:FELE) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research firm ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Franklin Electric Co. earned a daily sentiment score of 0.24 on Accern’s scale. Accern also assigned news headlines about the industrial products company an impact score of 45.6602841256872 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
A number of research firms recently issued reports on FELE. Boenning Scattergood reiterated an “outperform” rating and set a $52.00 price objective (up from $44.00) on shares of Franklin Electric Co. in a research note on Wednesday, July 26th. BidaskClub lowered Franklin Electric Co. from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Finally, Zacks Investment Research upgraded Franklin Electric Co. from a “sell” rating to a “hold” rating and set a $45.00 target price on the stock in a research note on Wednesday, July 26th.
Shares of Franklin Electric Co. (NASDAQ:FELE) traded up 1.75% during trading on Friday, reaching $40.80. The company’s stock had a trading volume of 678,125 shares. The company has a market cap of $1.90 billion, a PE ratio of 22.17 and a beta of 1.63. The company has a 50 day moving average of $39.10 and a 200 day moving average of $40.31. Franklin Electric Co. has a 12-month low of $34.75 and a 12-month high of $46.50.
Franklin Electric Co. (NASDAQ:FELE) last announced its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $0.58 EPS for the quarter, beating the Thomson Reuters’ 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 business had revenue of $305.35 million for the quarter, compared to the consensus estimate of $310.13 million. During the same period in the previous year, the business earned $0.51 earnings per share. The business’s revenue was up 21.1% on a year-over-year basis. On average, analysts anticipate that Franklin Electric Co. will post $1.92 EPS for the current fiscal year.
In other news, insider Robert J. Stone sold 39,260 shares of the business’s stock in a transaction dated 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 transaction, the insider now directly owns 39,392 shares in the company, valued at $1,772,640. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.54% of the stock is owned by insiders.
Franklin Electric Co. Company Profile
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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