Seaport Res Ptn Has Bearish Forecast for FELE Q4 Earnings

Franklin Electric Co., Inc. (NASDAQ:FELE) – Equities researchers at Seaport Res Ptn reduced their Q4 2024 earnings per share estimates for shares of Franklin Electric in a note issued to investors on Tuesday, October 29th. Seaport Res Ptn analyst W. Liptak now anticipates that the industrial products company will earn $0.72 per share for the quarter, down from their prior forecast of $0.99. The consensus estimate for Franklin Electric’s current full-year earnings is $3.84 per share. Seaport Res Ptn also issued estimates for Franklin Electric’s Q4 2025 earnings at $0.89 EPS.

Separately, Robert W. Baird reduced their price target on shares of Franklin Electric from $107.00 to $105.00 and set a “neutral” rating on the stock in a report on Wednesday.

Franklin Electric Price Performance

Shares of NASDAQ FELE opened at $95.71 on Friday. The company has a current ratio of 2.40, a quick ratio of 1.14 and a debt-to-equity ratio of 0.01. The company’s 50-day moving average price is $101.74 and its 200 day moving average price is $100.13. Franklin Electric has a 52 week low of $84.32 and a 52 week high of $108.39. The stock has a market cap of $4.37 billion, a price-to-earnings ratio of 24.23, a PEG ratio of 2.09 and a beta of 0.95.

Franklin Electric (NASDAQ:FELE) last posted its earnings results on Tuesday, October 29th. The industrial products company reported $1.17 EPS for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.13). Franklin Electric had a return on equity of 15.03% and a net margin of 9.22%. The firm had revenue of $531.40 million for the quarter, compared to analysts’ expectations of $551.08 million. During the same quarter in the previous year, the firm posted $1.23 earnings per share. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year.

Institutional Trading of Franklin Electric

A number of hedge funds have recently bought and sold shares of FELE. Marks Group Wealth Management Inc lifted its stake in shares of Franklin Electric by 4.5% during the 3rd quarter. Marks Group Wealth Management Inc now owns 81,497 shares of the industrial products company’s stock worth $8,543,000 after purchasing an additional 3,507 shares during the period. QRG Capital Management Inc. increased its stake in Franklin Electric by 16.0% in the third quarter. QRG Capital Management Inc. now owns 5,698 shares of the industrial products company’s stock valued at $597,000 after purchasing an additional 786 shares during the last quarter. Van ECK Associates Corp lifted its position in Franklin Electric by 40.0% during the third quarter. Van ECK Associates Corp now owns 24,818 shares of the industrial products company’s stock worth $2,532,000 after buying an additional 7,092 shares during the period. GHP Investment Advisors Inc. boosted its stake in Franklin Electric by 20.9% in the 3rd quarter. GHP Investment Advisors Inc. now owns 59,226 shares of the industrial products company’s stock worth $6,208,000 after buying an additional 10,224 shares during the last quarter. Finally, Boston Trust Walden Corp grew its holdings in Franklin Electric by 0.6% in the 3rd quarter. Boston Trust Walden Corp now owns 659,057 shares of the industrial products company’s stock valued at $69,082,000 after buying an additional 3,847 shares during the period. Institutional investors and hedge funds own 79.98% of the company’s stock.

Franklin Electric Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Thursday, November 7th will be issued a $0.25 dividend. The ex-dividend date is Thursday, November 7th. This represents a $1.00 dividend on an annualized basis and a yield of 1.04%. Franklin Electric’s dividend payout ratio (DPR) is 25.32%.

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.