Franklin Electric (NASDAQ:FELE) Stock, Quote.Headers.trade-ideas

Franklin Electric

Franklin Electric Co Inc designs, manufactures, and distributes water and fuel pumping systems, composed of submersible motors, pumps, electronic controls, water treatment systems, and related parts and equipment. It has three segments; The Water Systems segment designs, manufactures and sells motors, pumps, drives, electronic controls, monitoring devices, and related parts and equipment for use in groundwater, water transfer, and wastewater, The Fueling Systems segment designs, manufactures and sells pumps, pipe, sumps, fittings, vapor recovery components, electronic controls, monitoring devices, and related parts and equipment for use in fueling system applications and the Distribution segment sells and provides presale support and specifications to the installing contractors.

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 The Nasdaq Composite jumped 2.64% at 17,599.40 during Wednesday’s session. Investors, meanwhile, focused on some notable insider trades.

NVIDIA, Maplebear And 2 Other Stocks Insiders Are Selling

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Franklin Electric&#39;s Current Valuation Keeps This Analyst Patient; Seeks Better Entry Point

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Franklin Electric Adopts 1M Share Increase To Its Stock Buyback Program

Franklin Electric Co., Inc. - Common Stock

Franklin Electric Co Inc

Disclosed on August 26, Jonathan M Grandon, Chief Administrative Officer at Franklin Electric (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FELE#NASDAQ">FELE</a>), executed a substantial insider sell as per the latest SEC filing.
What Happened: Grandon opted to sell 2,219 shares of Franklin Electric, according to a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000038725/000003872524000159//Archives/edgar/data/38725/000003872524000159/0000038725-24-000159-index.htm">U.S. Securities and Exchange Commission</a> on Monday. The transaction's total worth stands at $228,605.
As of Tuesday morning, Franklin Electric shares are down by 0.0%, currently priced at $102.71.
<h3>Discovering Franklin Electric: A Closer Look</h3>
Franklin Electric Co Inc designs, manufactures, and distributes water and fuel pumping systems, composed of submersible motors, pumps, electronic controls, water treatment systems, and related parts and equipment. It has three segments; The Water Systems segment designs, manufactures and sells motors, pumps, drives, electronic controls, monitoring devices, and related parts and equipment for use in groundwater, water transfer, and wastewater, The Fueling Systems segment designs, manufactures and sells pumps, pipe, sumps, fittings, vapor recovery components, electronic controls, monitoring devices, and related parts and equipment for use in fueling system applications and the Distribution segment sells and provides presale support and specifications to the installing contractors.
<h3>Financial Insights: Franklin Electric</h3>
Revenue Growth: Franklin Electric's revenue growth over a period of 3 months has faced challenges. As of 30 June, 2024, the company experienced a revenue decline of approximately -4.55%. This indicates a decrease in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Industrials sector.
Profitability Metrics: Unlocking Value
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Gross Margin: The company faces challenges with a low gross margin of 36.78%, suggesting potential difficulties in cost control and profitability compared to its peers.
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<li>
Earnings per Share (EPS): The company excels with an EPS that surpasses the industry average. With a current EPS of 1.28, Franklin Electric showcases strong earnings per share.
</li>
</ul>
Debt Management: With a below-average debt-to-equity ratio of 0.16, Franklin Electric adopts a prudent financial strategy, indicating a balanced approach to debt management.
Valuation Analysis:
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Price to Earnings (P/E) Ratio: Franklin Electric's P/E ratio of 25.6 is below the industry average, suggesting the stock may be undervalued.
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Price to Sales (P/S) Ratio: The P/S ratio of 2.39 is lower than the industry average, implying a discounted valuation for Franklin Electric's stock in relation to sales performance.
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EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): A high EV/EBITDA ratio of 16.06 reflects market recognition of Franklin Electric's value, positioning it as more highly valued compared to industry peers.
</li>
</ul>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
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<h3>The Impact of Insider Transactions on Investments</h3>
In the complex landscape of investment decisions, investors should approach insider transactions as part of a comprehensive analysis, considering various elements.
Exploring the legal landscape, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated by Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and major hedge funds. These insiders are required to report their transactions through a Form 4 filing, which must be submitted within two business days of the transaction.
Highlighted by a company insider's new purchase, there's a positive anticipation for the stock to rise.
But, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>Cracking Transaction Codes</h3>
Digging into the details of stock transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> frequently turn their attention to those taking place in the open market, as outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000038725">Check Out The Full List Of Franklin Electric's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Transaction: Jonathan M Grandon Sells $228K Worth Of Franklin Electric Shares

The Nasdaq Composite jumped 2.64% at 17,599.40 during Wednesday&#8217;s session. Investors, meanwhile, focused on some notable insider trades.
When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.
Below is a look at a few recent notable insider sales. For more, check out<a href="https://www.benzinga.com/sec/insider-trades/"> Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">Franklin Electric</h3>
<ul>
<li>The Trade: Franklin Electric Co., Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FELE#NASDAQ">FELE</a>) Executive Chairperson Gregg C Sengstack <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 15,396 shares</a> at an average price of $105.48. The insider received around $1.6 million from selling those shares.</li>
<li>What's Happening: On July 23, Franklin Electric reported worse-than-expected second-quarter financial results.</li>
<li>What Franklin Electric Does: Franklin Electric Co Inc designs, manufactures, and distributes water and fuel pumping systems, composed of submersible motors, pumps, electronic controls, water treatment systems, and related parts and equipment</li>
</ul>
<h3 class="wp-block-heading">Buckle</h3>
<ul>
<li>The Trade: The Buckle, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BKE#NYSE">BKE</a>) President and CEO Dennis H Nelson <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 20,487 shares</a> at an average price of $41.33. The insider received around $846,672 from selling those shares.</li>
<li>What's Happening: On July 11, Buckle reported June 2024 net sales of $101.7 million.</li>
<li>What Buckle Does: Buckle Inc is a retailer of casual apparel, footwear, and accessories.</li>
</ul>
<h3 class="wp-block-heading">NVIDIA</h3>
<ul>
<li>The Trade: NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) President and CEO Jen Hsun Huang <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 240,000 shares</a> at an average price of $109.93. The insider received around $26.4 million from selling those shares.</li>
<li>What's Happening: NVIDIA will host a conference call on Wednesday, Aug. 28, to discuss its financial results for the second quarter.</li>
<li>What NVIDIA Does: Nvidia is a leading developer of graphics processing units.</li>
</ul>
<h3 class="wp-block-heading">Maplebear</h3>
<ul>
<li>The Trade: Maplebear Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CART#NASDAQ">CART</a>) President and CEO Fidji Simo <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 8,500 shares</a> at an average price of $34.53. The insider received around $293,511 from selling those shares.</li>
<li>What's Happening: On July 31, Instacart and Albertsons Companies expanded partnership nationwide launching pickup services and convenience delivery.</li>
<li>What Maplebear Does: Maplebear (Instacart) operates a leading grocery delivery platform in the United States and Canada.</li>
</ul>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/08/40101200/top-3-health-care-stocks-that-are-set-to-fly-this-quarter">Top 3 Health Care Stocks That Are Set To Fly This Quarte</a><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/08/40101200/top-3-health-care-stocks-that-are-set-to-fly-this-quarter">r</a> </li>
</ul>

WIIM

Franklin Electric shares are trading lower after the company reported worse-than-expected Q2 financial results. The company also cut its FY24 EPS guidance.

The Company is maintaining its sales&nbsp;guidance&nbsp;for full year 2024 to be in the range of&nbsp;$2.10 billion&nbsp;to&nbsp;$2.17 billion&nbsp;and reducing its EPS&nbsp;guidance&nbsp;for full year 2024 to be in the range of&nbsp;$4.16&nbsp;to&nbsp;$4.34&nbsp;which incorporates the Company&#39;s first half performance and its&nbsp;outlook&nbsp;for continued solid execution in the second half while maintaining strong margins similar to the first half.

Guidance

Franklin Electric Maintains FY2 Revenue Outlook Of $2.10B-$2.17B Vs. $2.11B Estimate; Company Cuts FY24 EPS Outlook To $4.16-$4.34 Vs. $4.28 Estimate

Franklin Electric (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FELE#NASDAQ">FELE</a>) reported quarterly earnings of $1.26 per share which missed the analyst consensus estimate of $1.32 by 4.55 percent. This is a 0.79 percent decrease over earnings of $1.27 per share from the same period last year. The company reported quarterly sales of $543.26 million which missed the analyst consensus estimate of $569.91 million by 4.68 percent. This is a 4.55 percent decrease over sales of $569.18 million the same period last year.

Earnings

Earnings Misses

Franklin Electric Q2 EPS $1.26 Misses $1.32 Estimate, Sales $543.26M Miss $569.91M Estimate

Franklin Electric Names Joe Ruzynski As CEO; Gregg Sengstack To Remain Executive Chairperson

DA Davidson analyst Matt Summerville maintains Franklin Electric (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FELE#NASDAQ">FELE</a>) with a Neutral and raises the price target from $87 to $90.

Price Target

DA Davidson Maintains Neutral on Franklin Electric, Raises Price Target to $90

Franklin Electric shares are trading lower after the company reported worse-than-expected Q1 financial results.

Franklin Electric Maintains FY24 EPS $4.22-$4.44 Vs $4.30 Est.; Revenue $2.10B-$2.17B Vs $2.12B Est.

Franklin Electric (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FELE#NASDAQ">FELE</a>) reported quarterly earnings of $0.70 per share which missed the analyst consensus estimate of $0.73 by 4.11 percent. The company reported quarterly sales of $460.900 million which missed the analyst consensus estimate of $477.682 million by 3.51 percent. This is a 4.88 percent decrease over sales of $484.551 million the same period last year.

Franklin Electric Q1 2024 GAAP EPS $0.70 Misses $0.73 Estimate, Sales $460.900M Miss $477.682M Estimate

Northcoast Research analyst Ryan Connors upgrades Franklin Electric (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FELE#NASDAQ">FELE</a>) from Neutral to Buy.

Upgrades

Northcoast Research Upgrades Franklin Electric to Buy

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Shares of several companies in the broader industrial sector are trading lower as stocks fall following a greater-than-expected increase in January inflation data.

Franklin Electric Expects FY24 Sales Of $2.10B-$2.17B Vs. $2.14B Est., EPS Of $4.22-$4.40 Vs. $4.37 Est.

Franklin Electric (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FELE#NASDAQ">FELE</a>) reported quarterly earnings of $0.82 per share which missed the analyst consensus estimate of $0.84 by 2.38 percent. This is a 2.38 percent decrease over earnings of $0.84 per share from the same period last year. The company reported quarterly sales of $473.00 million which missed the analyst consensus estimate of $490.43 million by 3.55 percent. This is a 3.35 percent decrease over sales of $489.40 million the same period last year.

Franklin Electric Q4 EPS $0.82 Misses $0.84 Estimate, Sales $473.00M Miss $490.43M Estimate

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Earnings Scheduled For February 13, 2024

Franklin Electric (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FELE#NASDAQ">FELE</a>) is set to give its latest quarterly earnings report on Tuesday, 2024-02-13. Here's what investors need to know before the announcement.
Analysts estimate that Franklin Electric will report an earnings per share (EPS) of $0.84. 
Franklin Electric bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company missed EPS by $0.06, which was followed by a 1.12% drop in the share price the next day.
Here's a look at Franklin Electric's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.29</td>
<td>1.33</td>
<td>0.63</td>
<td>0.93</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.23</td>
<td>1.27</td>
<td>0.79</td>
<td>0.84</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-1.12%</td>
<td>-2.57%</td>
<td>-1.01%</td>
<td>0.05%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1707757274_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Franklin Electric were trading at $99.48 as of February 09. Over the last 52-week period, shares are up 4.88%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/FELE/earnings">To track all earnings releases for Franklin Electric visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Franklin Electric Earnings Preview

Tuesday marks the last chance for investors to receive the next dividend payout from Franklin Electric (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FELE#NASDAQ">FELE</a>). 
<h3>What's Happening</h3>
The company announced on Monday that it would pay shareholders a quarterly dividend of 25 cents per share. On Wednesday, Franklin Electric will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 25 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Wednesday. Shareholders who own FELE as of the end of Tuesday's session are eligible to receive the 25 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on February 15, 2024. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
<a href="https://www.benzinga.com/quote/FELE">Track real-time stock fluctuations for Franklin Electric on Benzinga.</a>

Dividends

Franklin Electric: Dividend Insights

Franklin Electric Co., Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FELE#NASDAQ">FELE</a>) announced today that its Board of Directors declared a quarterly cash dividend of $0.25 per share payable February 15, 2024, to shareholders of record on February 1, 2024. This represents an 11 percent increase from the prior quarterly dividend. &nbsp;
"This dividend increase will mark the 32nd consecutive year that Franklin Electric has increased its dividend, demonstrating its commitment to rewarding shareholders and confidence in the outlook of the business," commented Gregg Sengstack, Franklin Electric's Chairperson and Chief Executive Officer.

Franklin Electric Increases Quarterly Dividend From $0.2250 To $0.25 Per Share

Franklin Electric Acquires Substantially All Assets Of LCA Pump, LLC, A Missouri Limited Liability Company, Which Operates Water Works Pump; No Terms Disclosed

The operating results of the acquired business will be reported in the company&#39;s Water Systems business segment.

Franklin Water Treatment Acquires Assets Of Action Manufacturing & Supply; No Terms Disclosed

Franklin Electric Co., Inc. (FELE) Q2 2024 Earnings Call Transcript

In a report released today, Walter Liptak from Seaport Global maintained a Buy rating on Franklin Electric Co (FELE – Research Report), with a pric...

Franklin Electric Co (FELE) Gets a Buy from Seaport Global

Franklin Electric Co (FELE) has issued an update. Franklin Electric Co., Inc. has made its latest quarterly presentation materials available on its...

Franklin Electric Releases Quarterly Presentation for Investors

D.A. Davidson analyst Matt Summerville maintained a Hold rating on Franklin Electric Co (FELE – Research Report) today and set a price target of $9...

Franklin Electric Co (FELE) Gets a Hold from D.A. Davidson

Franklin Electric: Improving Growth Prospects With Favourable Valuation (Rating Upgrade)

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Franklin Electric (FELE) Forecast

Franklin Electric (NASDAQ:FELE) Stock, Quote.Headers.trade-ideas