Q4 2017 Sentiment Franklin Electric Co Inc (NASDAQ:FELE)

May 18, 2018 - By Rodney Autry

Franklin Electric Co., Inc. (NASDAQ:FELE) Logo

Sentiment for Franklin Electric Co Inc (NASDAQ:FELE)

Franklin Electric Co Inc (NASDAQ:FELE) institutional sentiment increased to 1.38 in 2017 Q4. Its up 0.14, from 1.24 in 2017Q3. The ratio increased, as 80 institutional investors opened new or increased stock positions, while 58 sold and trimmed equity positions in Franklin Electric Co Inc. The institutional investors in our partner’s database reported: 35.27 million shares, down from 35.37 million shares in 2017Q3. Also, the number of institutional investors holding Franklin Electric Co Inc in their top 10 stock positions was flat from 2 to 2 for the same number . Sold All: 10 Reduced: 48 Increased: 53 New Position: 27.

Franklin Electric Co., Inc., together with its subsidiaries, designs, makes, and distributes water and fuel pumping systems worldwide. The company has market cap of $2.13 billion. It operates in two divisions, Water Systems and Fueling Systems. It has a 27.79 P/E ratio. The Water Systems segment offers motors, pumps, electronic controls, and related parts and equipment.

The stock increased 0.11% or $0.05 during the last trading session, reaching $45.85. About 13,849 shares traded. Franklin Electric Co., Inc. (NASDAQ:FELE) has declined 2.56% since May 18, 2017 and is downtrending. It has underperformed by 14.11% the S&P500.

Analysts await Franklin Electric Co., Inc. (NASDAQ:FELE) to report earnings on July, 24. They expect $0.70 earnings per share, up 20.69 % or $0.12 from last year’s $0.58 per share. FELE’s profit will be $32.56M for 16.38 P/E if the $0.70 EPS becomes a reality. After $0.45 actual earnings per share reported by Franklin Electric Co., Inc. for the previous quarter, Wall Street now forecasts 55.56 % EPS growth.

First Merchants Corp holds 3.79% of its portfolio in Franklin Electric Co., Inc. for 484,700 shares. Monarch Capital Management Inc owns 170,319 shares or 2.91% of their US portfolio. Moreover, Impax Asset Management Ltd has 2.66% invested in the company for 2.10 million shares. The Illinois-based Channing Capital Management Llc has invested 1.94% in the stock. Tributary Capital Management Llc, a Colorado-based fund reported 357,942 shares.

Since January 1, 0001, it had 0 insider purchases, and 5 sales for $702,761 activity.

Franklin Electric Co., Inc. (NASDAQ:FELE) Ratings Coverage

Ratings analysis reveals 50% of Franklin Electric Co’s analysts are positive. Out of 2 Wall Street analysts rating Franklin Electric Co, 1 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $4800 while the high is $5400. The stock’s average target of $51 is 11.23% above today’s ($45.85) share price. FELE was included in 3 notes of analysts from December 13, 2017. On Wednesday, April 4 the stock rating was maintained by Robert W. Baird with “Hold”. Boenning & Scattergood maintained the stock with “Buy” rating in Tuesday, May 1 report. Robert W. Baird maintained the stock with “Hold” rating in Wednesday, December 13 report.

More news for Franklin Electric Co., Inc. (NASDAQ:FELE) were recently published by: Seekingalpha.com, which released: “Franklin Electric’s (FELE) CEO Gregg Sengstack on Q1 2018 Results – Earnings Call Transcript” on May 01, 2018. Globenewswire.com‘s article titled: “Franklin Electric Declares Payment of Quarterly Cash Dividend” and published on April 23, 2018 is yet another important article.

Franklin Electric Co., Inc. (NASDAQ:FELE) Institutional Positions Chart

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