Franklin ElectricFELE
FELE
About: Franklin Electric Co Inc designs, manufactures, and distributes water and fuel pumping systems, composed of submersible motors, pumps, electronic controls, water treatment systems, and related parts and equipment. It has three segments; The Water Systems segment designs, manufactures and sells motors, pumps, drives, electronic controls, monitoring devices, and related parts and equipment for use in groundwater, water transfer, and wastewater, The Fueling Systems segment designs, manufactures and sells pumps, pipe, sumps, fittings, vapor recovery components, electronic controls, monitoring devices, and related parts and equipment for use in fueling system applications and the Distribution segment sells and provides presale support and specifications to the installing contractors.
Employees: 6,400
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
59% more first-time investments, than exits
New positions opened: 46 | Existing positions closed: 29
5% more funds holding
Funds holding: 323 [Q2] → 340 (+17) [Q3]
4% more capital invested
Capital invested by funds: $3.64B [Q2] → $3.78B (+$138M) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]
3.11% less ownership
Funds ownership: 82.12% [Q2] → 79.0% (-3.11%) [Q3]
13% less repeat investments, than reductions
Existing positions increased: 109 | Existing positions reduced: 125
76% less call options, than puts
Call options by funds: $126K | Put options by funds: $524K
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$105
6%
upside
Avg. target
$105
6%
upside
High target
$105
6%
upside
1 analyst rating
0 positive
0%
1 neutral
100%
0 negative
0%
Baird Michael Halloran 38% 1-year accuracy 11 / 29 met price target | 6%upside $105 | Neutral Maintained | 30 Oct 2024 |
Financial journalist opinion
Neutral
Seeking Alpha
1 month ago
Franklin Electric Co., Inc. (FELE) Q3 2024 Earnings Call Transcript
Franklin Electric Co., Inc. (NASDAQ:FELE ) Q3 2024 Earnings Conference Call October 29, 2024 9:00 AM ET Company Participants Jeffery Taylor - Chief Financial Officer Joseph Ruzynski - Chief Executive Officer Conference Call Participants Bryan Blair - Oppenheimer & Co. Inc. Ryan Connors - Northcoast Research Partners Michael Halloran - Robert W. Baird & Co. Incorporated Walter Liptak - Seaport Global Partners Ryan Connors - Northcoast Research Operator Hello, and welcome to the Franklin Electric Reports Third Quarter 2024 Sales and Earnings Conference Call.
Negative
Zacks Investment Research
1 month ago
Franklin Electric (FELE) Misses Q3 Earnings and Revenue Estimates
Franklin Electric (FELE) came out with quarterly earnings of $1.17 per share, missing the Zacks Consensus Estimate of $1.30 per share. This compares to earnings of $1.23 per share a year ago.
Neutral
GlobeNewsWire
1 month ago
Franklin Electric Reports Third Quarter 2024 Results
Third Quarter 2024 Highlights Consolidated net sales of $531.4 million, a decrease of 1% to the prior year Water Systems and Distribution net sales increased 2% and 1%, respectively, while Fueling Systems net sales decreased 10% Operating income was $73.5 million with operating margin of 13.8% GAAP fully diluted earnings per share (EPS) was $1.17 FORT WAYNE, Ind., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. today announced its third quarter financial results for fiscal year 2024.
Neutral
GlobeNewsWire
1 month ago
Franklin Electric Declares Quarterly Dividend of $0.25 Per Share
FORT WAYNE, Ind., Oct. 28, 2024 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (NASDAQ: FELE) announced today that its Board of Directors declared a quarterly cash dividend of $0.25 per share payable November 21, 2024, to shareholders of record on November 7, 2024.
Neutral
GlobeNewsWire
2 months ago
Franklin Electric Schedules Its Third Quarter 2024 Earnings Release and Conference Call
FORT WAYNE, Ind., Oct. 15, 2024 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (NASDAQ: FELE) will release its third quarter 2024 earnings at 8:00 am ET on Tuesday, October 29, 2024. A conference call to review earnings and other developments in the business will commence at 9:00 am ET. The third quarter 2024 earnings call will be available via a live webcast. The webcast will be available in a listen-only mode by going to:
Positive
Seeking Alpha
3 months ago
11 Great Dividend Aristocrat Bargain Buys For The Market At Record Highs
The bond market anticipated the Fed's 0.5% rate cut, which led to a positive market reaction and record highs for the S&P. A strong economy with falling interest rates is the ideal backdrop for blue-chip bargain buys if you know where to find them. The PEGY Ratio is a wonderful metric that combines valuation, growth, yield, total return and income growth into a single super GARP metric perfect for times like these.
Positive
Zacks Investment Research
4 months ago
EMR or FELE: Which Is the Better Value Stock Right Now?
Investors with an interest in Manufacturing - Electronics stocks have likely encountered both Emerson Electric (EMR) and Franklin Electric (FELE). But which of these two stocks presents investors with the better value opportunity right now?
Positive
Seeking Alpha
5 months ago
Trends Should Start Flowing In A Better Direction For Franklin Electric
Q2 saw soft revenue due to weather delays and destocking (likely tied to softening construction and resource demand), but water treatment and surface pumping showed encouraging growth. Short-term headwinds in markets like agriculture, construction, and resources could persist a little longer, but FELE benefits from the growing need for clean water and is poised for above-average growth. Shares aren't cheap, but strong margin performance and above-average long-term secular growth opportunities argue for a premium multiple and this is definitely a watch-list name.
Positive
Seeking Alpha
5 months ago
Franklin Electric: Improving Growth Prospects With Favourable Valuation (Rating Upgrade)
Franklin Electric Co., Inc. has strong revenue growth prospects ahead, with improving sales expected in the second half of the year. The company's margin should benefit from operating leverage and cost-saving initiatives. Trading at a discount to historical averages, Franklin Electric is poised for growth with easing year-over-year comparisons and potential interest rate cycle reversal.
Neutral
Seeking Alpha
5 months ago
Franklin Electric Co., Inc. (FELE) Q2 2024 Earnings Call Transcript
Franklin Electric Co., Inc. (NASDAQ:FELE ) Q2 2024 Earnings Conference Call July 23, 2024 9:00 AM ET Company Participants Jeff Taylor - Chief Financial Officer Gregg Sengstack - Executive Chairperson Joe Ruzynski - Chief Executive Officer Conference Call Participants Walter Liptak - Seaport Global Matt Summerville - D.A. Davidson Operator Hello, and welcome to the Franklin Electric Reports Second Quarter 2024 Sales and Earnings Conference Call.
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