What is Seaport Res Ptn’s Estimate for FELE FY2025 Earnings?

Franklin Electric Co., Inc. (NASDAQ:FELE) – Research analysts at Seaport Res Ptn increased their FY2025 earnings per share estimates for Franklin Electric in a research report issued on Friday, October 31st. Seaport Res Ptn analyst W. Liptak now expects that the industrial products company will post earnings of $4.18 per share for the year, up from their previous estimate of $4.15. The consensus estimate for Franklin Electric’s current full-year earnings is $4.19 per share. Seaport Res Ptn also issued estimates for Franklin Electric’s Q4 2025 earnings at $0.92 EPS and FY2026 earnings at $4.87 EPS.

Franklin Electric (NASDAQ:FELE) last announced its quarterly earnings results on Tuesday, October 28th. The industrial products company reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.01. Franklin Electric had a return on equity of 14.24% and a net margin of 6.71%.The company had revenue of $581.71 million during the quarter, compared to analyst estimates of $563.18 million. During the same period in the prior year, the company earned $1.17 earnings per share. The firm’s revenue was up 9.5% on a year-over-year basis. Franklin Electric has set its FY 2025 guidance at 4.000-4.200 EPS.

A number of other research firms also recently issued reports on FELE. Wall Street Zen downgraded shares of Franklin Electric from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings restated a “hold (c+)” rating on shares of Franklin Electric in a research report on Tuesday, October 14th. Finally, Robert W. Baird set a $112.00 price target on Franklin Electric in a research report on Wednesday, October 29th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $112.00.

Franklin Electric Stock Down 1.7%

NASDAQ FELE opened at $93.15 on Monday. The stock has a 50 day moving average price of $95.92 and a 200-day moving average price of $92.08. Franklin Electric has a one year low of $78.87 and a one year high of $111.94. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.77 and a current ratio of 2.54. The company has a market capitalization of $4.14 billion, a P/E ratio of 30.34, a P/E/G ratio of 1.91 and a beta of 1.08.

Franklin Electric Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Thursday, November 6th will be given a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Thursday, November 6th. Franklin Electric’s payout ratio is 34.53%.

Insider Activity at Franklin Electric

In other news, insider Jonathan M. Grandon sold 10,036 shares of the stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $98.03, for a total value of $983,829.08. Following the sale, the insider directly owned 8,171 shares in the company, valued at approximately $801,003.13. This represents a 55.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.72% of the company’s stock.

Hedge Funds Weigh In On Franklin Electric

Several hedge funds have recently bought and sold shares of FELE. EverSource Wealth Advisors LLC lifted its position in shares of Franklin Electric by 31.2% during the second quarter. EverSource Wealth Advisors LLC now owns 425 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 101 shares during the last quarter. MAI Capital Management increased its stake in Franklin Electric by 36.5% in the 2nd quarter. MAI Capital Management now owns 490 shares of the industrial products company’s stock worth $44,000 after buying an additional 131 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in Franklin Electric in the 1st quarter worth about $46,000. Osaic Holdings Inc. lifted its holdings in Franklin Electric by 24.3% during the 2nd quarter. Osaic Holdings Inc. now owns 608 shares of the industrial products company’s stock valued at $55,000 after buying an additional 119 shares in the last quarter. Finally, Covestor Ltd boosted its position in Franklin Electric by 27.4% in the 1st quarter. Covestor Ltd now owns 731 shares of the industrial products company’s stock valued at $69,000 after buying an additional 157 shares during the period. Institutional investors own 79.98% 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. The company operates through Water Systems, Fueling Systems, and Distribution segments. The Water Systems segment offers submersible motors, drives, pumps, electronic controls, water treatment systems, monitoring devices, and related parts and equipment.