BidaskClub upgraded shares of Franklin Electric (NASDAQ:FELE) from a hold rating to a buy rating in a research report report published on Friday morning, BidAskClub reports.

Separately, Zacks Investment Research upgraded Franklin Electric from a sell rating to a hold rating in a research report on Monday, September 9th.

NASDAQ:FELE opened at $49.33 on Friday. Franklin Electric has a 52 week low of $38.87 and a 52 week high of $55.59. The company has a quick ratio of 0.98, a current ratio of 2.15 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $2.33 billion, a PE ratio of 21.83, a price-to-earnings-growth ratio of 4.55 and a beta of 1.31. The stock’s 50-day moving average price is $46.12 and its 200-day moving average price is $47.60.

Franklin Electric (NASDAQ:FELE) last posted its earnings results on Tuesday, July 23rd. The industrial products company reported $0.70 EPS for the quarter, missing the Zacks’ consensus estimate of $0.74 by ($0.04). Franklin Electric had a net margin of 7.36% and a return on equity of 13.17%. The business had revenue of $355.30 million for the quarter, compared to analyst estimates of $358.31 million. During the same quarter last year, the business earned $0.65 earnings per share. Franklin Electric’s revenue was up 3.3% on a year-over-year basis. Sell-side analysts expect that Franklin Electric will post 2.21 earnings per share for the current fiscal year.

In related news, insider Delancey W. Davis sold 2,400 shares of Franklin Electric stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $50.26, for a total value of $120,624.00. Following the sale, the insider now directly owns 18,486 shares in the company, valued at approximately $929,106.36. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Steven William Aikman sold 3,000 shares of Franklin Electric stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $50.00, for a total value of $150,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 25,836 shares of company stock worth $1,233,014 over the last 90 days. Insiders own 2.88% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Dynamic Technology Lab Private Ltd acquired a new stake in Franklin Electric in the 1st quarter worth about $536,000. GYL Financial Synergies LLC acquired a new stake in Franklin Electric in the 1st quarter worth about $929,000. Piedmont Investment Advisors Inc. boosted its holdings in Franklin Electric by 6.2% in the 1st quarter. Piedmont Investment Advisors Inc. now owns 9,949 shares of the industrial products company’s stock worth $508,000 after buying an additional 583 shares during the last quarter. Earnest Partners LLC boosted its holdings in Franklin Electric by 0.9% in the 2nd quarter. Earnest Partners LLC now owns 2,130,166 shares of the industrial products company’s stock worth $101,183,000 after buying an additional 19,417 shares during the last quarter. Finally, King Luther Capital Management Corp boosted its holdings in Franklin Electric by 1.8% in the 2nd quarter. King Luther Capital Management Corp now owns 1,242,118 shares of the industrial products company’s stock worth $59,001,000 after buying an additional 22,555 shares during the last quarter. Institutional investors own 77.51% of the company’s stock.

Franklin Electric Company Profile

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

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