Franklin Electric Co., Inc. (FELE) to Issue Quarterly Dividend of $0.28 on August 20th

Franklin Electric Co., Inc. (NASDAQ:FELE) declared a quarterly dividend on Monday, July 27th. Investors of record on Thursday, August 6th will be paid a dividend of 0.28 per share by the industrial products company on Thursday, August 20th. This represents a c) annualized dividend and a yield of 1.0%. The ex-dividend date is Thursday, August 6th.

Franklin Electric has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 33 years. Franklin Electric has a payout ratio of 23.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Franklin Electric to earn $5.15 per share next year, which means the company should continue to be able to cover its $1.12 annual dividend with an expected future payout ratio of 21.7%.

Franklin Electric Trading Up 2.1%

FELE opened at $106.96 on Tuesday. The company has a quick ratio of 1.10, a current ratio of 2.41 and a debt-to-equity ratio of 0.10. The stock’s fifty day moving average is $103.53 and its two-hundred day moving average is $100.28. The company has a market capitalization of $4.73 billion, a P/E ratio of 30.82, a PEG ratio of 1.88 and a beta of 1.03. Franklin Electric has a 52 week low of $89.54 and a 52 week high of $115.82.

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 the consensus estimate of $1.44 by $0.11. Franklin Electric had a return on equity of 15.18% and a net margin of 7.06%.The business had revenue of $622.88 million during the quarter, compared to analysts’ expectations of $605.92 million. During the same period in the prior year, the business earned $1.31 EPS. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. Franklin Electric has set its FY 2026 guidance at 4.500-4.700 EPS. Analysts forecast that Franklin Electric will post 4.65 earnings per share for the current year.

Analysts Set New Price Targets

FELE has been the subject of several recent research reports. DA Davidson lifted their price objective on Franklin Electric from $100.00 to $105.00 and gave the company a “neutral” rating in a report on Wednesday, July 29th. Wall Street Zen raised shares of Franklin Electric from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Weiss Ratings upgraded shares of Franklin Electric from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday. Finally, Robert W. Baird upped their price target on shares of Franklin Electric from $118.00 to $124.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Franklin Electric currently has a consensus rating of “Hold” and an average target price of $114.50.

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.