Franklin Electric Co. (NASDAQ:FELE) has received an average recommendation of “Hold” from the six analysts that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $46.75.

A number of research firms recently issued reports on FELE. BidaskClub upgraded Franklin Electric from a “sell” rating to a “hold” rating in a research note on Wednesday, January 3rd. Gabelli reiterated a “hold” rating on shares of Franklin Electric in a research note on Wednesday, February 21st. Zacks Investment Research lowered Franklin Electric from a “buy” rating to a “hold” rating in a research note on Wednesday, January 17th. Boenning Scattergood reiterated a “buy” rating and set a $54.00 price objective on shares of Franklin Electric in a research note on Tuesday, February 20th. Finally, Seaport Global Securities reiterated a “hold” rating and set a $41.00 price objective on shares of Franklin Electric in a research note on Friday, February 23rd.

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In related news, CFO John J. Haines sold 2,500 shares of the business’s stock in a transaction dated Friday, March 16th. The stock was sold at an average price of $42.50, for a total transaction of $106,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Delancey W. Davis sold 8,576 shares of the business’s stock in a transaction dated Wednesday, March 14th. The stock was sold at an average price of $42.16, for a total value of $361,564.16. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,356 shares of company stock worth $521,830. 2.54% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of FELE. Public Employees Retirement System of Ohio grew its position in Franklin Electric by 12.9% during the second quarter. Public Employees Retirement System of Ohio now owns 2,462 shares of the industrial products company’s stock worth $102,000 after buying an additional 281 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new position in Franklin Electric during the third quarter worth about $332,000. BNP Paribas Arbitrage SA grew its position in Franklin Electric by 47.0% during the third quarter. BNP Paribas Arbitrage SA now owns 21,294 shares of the industrial products company’s stock worth $955,000 after buying an additional 6,807 shares in the last quarter. New York State Common Retirement Fund grew its position in Franklin Electric by 3.6% during the third quarter. New York State Common Retirement Fund now owns 741,583 shares of the industrial products company’s stock worth $33,260,000 after buying an additional 25,450 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan grew its position in Franklin Electric by 49.4% during the third quarter. Municipal Employees Retirement System of Michigan now owns 16,280 shares of the industrial products company’s stock worth $730,000 after buying an additional 5,380 shares in the last quarter. Institutional investors and hedge funds own 77.87% of the company’s stock.

Shares of Franklin Electric (NASDAQ FELE) opened at $41.00 on Tuesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.13 and a current ratio of 2.40. Franklin Electric has a one year low of $36.00 and a one year high of $47.20. The stock has a market capitalization of $1,975.19, a price-to-earnings ratio of 22.82 and a beta of 1.60.

Franklin Electric (NASDAQ:FELE) last released its quarterly earnings data on Tuesday, February 20th. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.03). Franklin Electric had a net margin of 6.95% and a return on equity of 12.97%. The company had revenue of $288.20 million for the quarter, compared to the consensus estimate of $312.73 million. During the same quarter in the previous year, the firm posted $0.38 earnings per share. The business’s revenue for the quarter was up 20.3% compared to the same quarter last year. research analysts anticipate that Franklin Electric will post 2.23 earnings per share for the current year.

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Franklin Electric Company Profile

Franklin Electric Co, Inc designs, manufactures and distributes water and fuel pumping systems, consisting of submersible motors, pumps, electronic controls and related parts and equipment. Its segments include Water Systems segment, the Fueling Systems segment and Other. Its Water Systems segment is engaged in the production and marketing of water pumping systems and offers motors, pumps, drives, electronic controls and monitoring devices.

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