Robert W. Baird Boosts Franklin Electric (NASDAQ:FELE) Price Target to $124.00

Franklin Electric (NASDAQ:FELE) had its price target lifted by Robert W. Baird from $118.00 to $124.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the industrial products company’s stock. Robert W. Baird’s price objective would suggest a potential upside of 13.03% from the company’s previous close.

Several other analysts have also weighed in on the stock. Wall Street Zen upgraded shares of Franklin Electric from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. DA Davidson restated a “neutral” rating and issued a $100.00 price target on shares of Franklin Electric in a report on Tuesday, June 16th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Franklin Electric in a research note on Tuesday, June 9th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $112.00.

Franklin Electric Stock Performance

Shares of FELE opened at $109.71 on Wednesday. The firm’s fifty day simple moving average is $102.93 and its two-hundred day simple moving average is $100.13. Franklin Electric has a 12 month low of $89.54 and a 12 month high of $115.82. The stock has a market capitalization of $4.85 billion, a P/E ratio of 33.05, a price-to-earnings-growth ratio of 1.92 and a beta of 1.03. The company has a current ratio of 2.67, a quick ratio of 1.14 and a debt-to-equity ratio of 0.10.

Franklin Electric (NASDAQ:FELE) last issued its earnings results on Tuesday, July 28th. The industrial products company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.11. Franklin Electric had a return on equity of 14.86% and a net margin of 6.91%.The business had revenue of $622.88 million during the quarter, compared to the consensus estimate of $605.92 million. During the same period in the previous year, the company posted $1.31 earnings per share. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. Franklin Electric has set its FY 2026 guidance at 4.500-4.700 EPS. As a group, analysts predict that Franklin Electric will post 4.58 EPS for the current year.

Insider Transactions at Franklin Electric

In other Franklin Electric news, insider Jonathan M. Grandon sold 8,547 shares of Franklin Electric stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $103.40, for a total transaction of $883,759.80. Following the completion of the transaction, the insider owned 7,509 shares in the company, valued at approximately $776,430.60. The trade was a 53.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Delancey W. Davis sold 1,900 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $100.00, for a total value of $190,000.00. Following the completion of the sale, the insider directly owned 10,402 shares of the company’s stock, valued at approximately $1,040,200. This trade represents a 15.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 19,835 shares of company stock valued at $2,004,982 over the last quarter. Corporate insiders own 2.89% of the company’s stock.

Institutional Trading of Franklin Electric

Several institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC raised its holdings in shares of Franklin Electric by 20.7% in the second quarter. GAMMA Investing LLC now owns 1,777 shares of the industrial products company’s stock valued at $190,000 after purchasing an additional 305 shares during the last quarter. Harbor Investment Advisory LLC lifted its position in shares of Franklin Electric by 843.3% during the second quarter. Harbor Investment Advisory LLC now owns 632 shares of the industrial products company’s stock valued at $68,000 after purchasing an additional 565 shares in the last quarter. Central Pacific Bank Trust Division boosted its holdings in Franklin Electric by 16.4% during the second quarter. Central Pacific Bank Trust Division now owns 1,920 shares of the industrial products company’s stock worth $206,000 after purchasing an additional 270 shares during the last quarter. Moody National Bank Trust Division boosted its holdings in Franklin Electric by 8.1% during the second quarter. Moody National Bank Trust Division now owns 18,468 shares of the industrial products company’s stock worth $1,980,000 after purchasing an additional 1,387 shares during the last quarter. Finally, Versant Capital Management Inc grew its position in Franklin Electric by 66.7% in the 2nd quarter. Versant Capital Management Inc now owns 555 shares of the industrial products company’s stock worth $59,000 after purchasing an additional 222 shares in the last quarter. Institutional investors own 79.98% of the company’s stock.

Key Stories Impacting Franklin Electric

Here are the key news stories impacting Franklin Electric this week:

• Positive Sentiment: Quarterly earnings and revenue exceeded expectations. Q2 revenue increased 6% year over year to $622.9 million, surpassing the $605.9 million consensus estimate. Adjusted diluted EPS rose 18% to $1.55, ahead of the $1.44 estimate, while GAAP diluted EPS increased 11% to $1.46. Franklin Electric Tops Q2 Earnings and Revenue Estimates
• Positive Sentiment: Growth was broad across the business. Water Systems sales increased 5%, Energy Systems sales rose 3%, and Distribution sales climbed 11%. Consolidated operating income grew 6% to $93.6 million, maintaining a 15% operating margin. Franklin Electric Reports Second-Quarter Sales Growth
• Positive Sentiment: Franklin Electric raised its 2026 guidance. The company now expects revenue of $2.21 billion to $2.29 billion and adjusted EPS of $4.50 to $4.70. The EPS range brackets the $4.58 analyst consensus, while the higher sales outlook signals confidence in continued demand and recent acquisitions. Franklin Electric Raises 2026 Outlook
• Positive Sentiment: The board declared a quarterly dividend of $0.28 per share, payable August 20 to shareholders of record August 6, supporting the income component of the investment case. Franklin Electric Declares Quarterly Dividend
• Neutral Sentiment: Management cited demand for mining dewatering, pressure-boosting, and water-treatment products, but noted that sourced-material and logistics inflation could pressure margins.
• Negative Sentiment: Energy Systems reported a $4.5 million legal-settlement expense, causing GAAP operating income to decline despite an 11% increase in adjusted operating income. The one-time charge and related legal risk could temper the otherwise favorable earnings reaction.

About Franklin Electric

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.