Franklin Electric (NASDAQ:FELE) Rating Lowered to “Hold” at Wall Street Zen

Franklin Electric (NASDAQ:FELE) was downgraded by equities researchers 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 a number of other reports. DA Davidson set a $100.00 price target on Franklin Electric in a research report on Thursday. Robert W. Baird set a $112.00 price objective on Franklin Electric in a research report on Wednesday, October 29th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Franklin Electric in a report on Monday, December 29th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $106.00.

Franklin Electric Stock Up 1.2%

NASDAQ FELE opened at $95.84 on Friday. Franklin Electric has a 1 year low of $78.87 and a 1 year high of $111.53. The stock has a market capitalization of $4.27 billion, a PE ratio of 29.76, a PEG ratio of 1.73 and a beta of 1.08. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.79 and a quick ratio of 1.12. The business’s 50-day moving average is $100.19 and its 200 day moving average is $97.05.

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

Hedge Funds Weigh In On Franklin Electric

Several large investors have recently made changes to their positions in the business. Royal Bank of Canada grew its position in shares of Franklin Electric by 81.6% during the first quarter. Royal Bank of Canada now owns 3,997 shares of the industrial products company’s stock worth $375,000 after purchasing an additional 1,796 shares in the last quarter. AQR Capital Management LLC lifted its holdings in Franklin Electric by 105.5% in the 1st quarter. AQR Capital Management LLC now owns 25,463 shares of the industrial products company’s stock worth $2,390,000 after purchasing an additional 13,075 shares in the last quarter. NewEdge Advisors LLC boosted its stake in Franklin Electric by 30.6% in the 1st quarter. NewEdge Advisors LLC now owns 5,760 shares of the industrial products company’s stock worth $541,000 after purchasing an additional 1,349 shares during the period. United Services Automobile Association purchased a new stake in Franklin Electric during the 1st quarter valued at approximately $243,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Franklin Electric by 8.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 137,162 shares of the industrial products company’s stock valued at $12,877,000 after buying an additional 10,862 shares during the last quarter. 79.98% of the stock is currently owned by hedge funds and other institutional investors.

Franklin Electric Company Profile

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.