Franklin Electric (FELE)

• Market cap: $4.49B
• 1 day: -0.35%
• 5 days: -6.04%
• 1 month: -6.16%
• 3 months: -3.83%
• 6 months: 1.18%
• Year to date: 3.53%
• 1 year: 3.09%
• 5 years: 72.82%
• 10 years: 169.29%
• Sector: Industrials
• Industry: Motors & Generators

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

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 7% upside
• Avg. target: $105 7% upside
• High target: $105 7% upside

1 analyst rating

• positive: 0 0%
• neutral: 1 100%
• negative: 0 0%

Baird Michael Halloran 59% 1-year accuracy 17 / 29 met price target

7% upside $105

Neutral Maintained

30 Oct 2024