Franklin Electric Co. (FELE) Receiving Somewhat Positive Media Coverage, Analysis Shows
Media coverage about Franklin Electric Co. (NASDAQ:FELE) has been trending somewhat positive recently, Accern reports. Accern rates the sentiment of news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Franklin Electric Co. earned a daily sentiment score of 0.13 on Accern’s scale. Accern also gave news coverage about the industrial products company an impact score of 47.1369772267389 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news articles that may have impacted Accern’s analysis:
- Reviewing Franklin Electric Co. (NASDAQ:FELE) & IDEX Corporation (IEX) (americanbankingnews.com)
- Franklin Electric Co Inc (finance.yahoo.com)
- IHS Markit Score upgrades Franklin Electric Co Inc to 68 out of 100, despite ranking positively in only one IHS Markit category. (finance.yahoo.com)
- Franklin Electric Co., Inc. – Value Analysis (NASDAQ:FELE) : August 8, 2017 (finance.yahoo.com)
Franklin Electric Co. (NASDAQ:FELE) traded up 0.26% during midday trading on Friday, reaching $39.15. 106,125 shares of the company traded hands. The stock’s 50 day moving average is $40.90 and its 200 day moving average is $40.70. Franklin Electric Co. has a one year low of $34.75 and a one year high of $46.50. The company has a market capitalization of $1.82 billion, a price-to-earnings ratio of 21.28 and a beta of 1.60.
Franklin Electric Co. (NASDAQ:FELE) last released its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.04. The firm had revenue of $305.35 million during the quarter, compared to analyst estimates of $310.13 million. Franklin Electric Co. had a return on equity of 13.10% and a net margin of 8.62%. The business’s quarterly revenue was up 21.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.51 earnings per share. On average, equities analysts anticipate that Franklin Electric Co. will post $1.89 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 17th. Stockholders of record on Thursday, August 3rd will be paid a dividend of $0.108 per share. This represents a $0.43 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date is Tuesday, August 1st. Franklin Electric Co.’s dividend payout ratio (DPR) is presently 23.37%.
Several equities research analysts recently commented on FELE shares. Zacks Investment Research downgraded shares of Franklin Electric Co. from a “buy” rating to a “hold” rating in a research report on Friday, April 28th. BidaskClub downgraded shares of Franklin Electric Co. from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Finally, Boenning Scattergood reiterated an “outperform” rating and set a $52.00 target price (up from $44.00) on shares of Franklin Electric Co. in a research report on Wednesday, July 26th.
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In other news, insider Robert J. Stone sold 39,260 shares of the stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $45.00, for a total transaction of $1,766,700.00. Following the completion of the sale, the insider now owns 39,392 shares of the company’s stock, valued at $1,772,640. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Delancey W. Davis sold 4,071 shares of the stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $34.45, for a total value of $140,245.95. The disclosure for this sale can be found here. In the last three months, insiders have sold 47,331 shares of company stock valued at $2,070,946. Insiders own 2.54% of the company’s stock.
About Franklin Electric Co.
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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