Seaport Res Ptn Has Bearish Forecast for FELE Q4 Earnings

Franklin Electric Co., Inc. (NASDAQ:FELE) – Equities researchers at Seaport Res Ptn decreased their Q4 2024 earnings per share estimates for shares of Franklin Electric in a research note issued to investors on Tuesday, October 29th. Seaport Res Ptn analyst W. Liptak now forecasts that the industrial products company will post earnings per share of $0.72 for the quarter, down from their prior estimate 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.

Franklin Electric (NASDAQ:FELE) last issued its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.17 earnings per share for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.10). The firm had revenue of $531.40 million for the quarter, compared to the consensus estimate of $551.08 million. Franklin Electric had a return on equity of 15.03% and a net margin of 9.22%. The company’s revenue was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.23 EPS.

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

Franklin Electric Trading Up 1.9 %

Shares of FELE stock opened at $97.50 on Friday. The firm has a market capitalization of $4.45 billion, a P/E ratio of 24.68, a P/E/G ratio of 2.09 and a beta of 0.95. Franklin Electric has a twelve month low of $85.47 and a twelve month high of $108.39. The stock’s fifty day simple moving average is $101.64 and its 200 day simple moving average is $100.11. The company has a quick ratio of 1.14, a current ratio of 2.40 and a debt-to-equity ratio of 0.01.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Franklin Electric by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 4,751,322 shares of the industrial products company’s stock worth $507,489,000 after buying an additional 30,408 shares during the period. Allspring Global Investments Holdings LLC raised its stake in Franklin Electric by 2.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,030,238 shares of the industrial products company’s stock worth $212,810,000 after buying an additional 40,248 shares during the period. Earnest Partners LLC raised its stake in Franklin Electric by 2.6% during the 2nd quarter. Earnest Partners LLC now owns 1,563,125 shares of the industrial products company’s stock worth $150,560,000 after buying an additional 39,478 shares during the period. Boston Trust Walden Corp raised its stake in Franklin Electric by 0.6% during the 3rd quarter. Boston Trust Walden Corp now owns 659,057 shares of the industrial products company’s stock worth $69,082,000 after buying an additional 3,847 shares during the period. Finally, Vaughan Nelson Investment Management L.P. raised its stake in Franklin Electric by 6.4% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 361,654 shares of the industrial products company’s stock worth $34,833,000 after buying an additional 21,890 shares during the period. 79.98% of the stock is owned by institutional investors and hedge funds.

Franklin Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Thursday, November 7th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend is Thursday, November 7th. Franklin Electric’s dividend payout ratio is 25.32%.

About Franklin Electric

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.