Should Franklin Electric Co (NASDAQ:FELE) Shares Be Watched After D.A. Davidson Initiates Coverage?

June 12, 2018 - By simple simple

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

Investors sentiment decreased to 0.97 in Q1 2018. Its down 0.41, from 1.38 in 2017Q4. It fall, as 15 investors sold Franklin Electric Co., Inc. shares while 52 reduced holdings. 14 funds opened positions while 51 raised stakes. 34.83 million shares or 1.22% less from 35.27 million shares in 2017Q4 were reported.

Minnesota-based Us Natl Bank De has invested 0% in Franklin Electric Co., Inc. (NASDAQ:FELE). Credit Suisse Ag holds 43,702 shares. Natl Bank Of America De reported 276,407 shares stake. Wells Fargo & Mn has 0.02% invested in Franklin Electric Co., Inc. (NASDAQ:FELE). 8,273 are owned by Piedmont Invest Ltd Liability Corporation. 5,396 are owned by Pitcairn Communications. Moreover, Impax Asset Mgmt Limited has 2.42% invested in Franklin Electric Co., Inc. (NASDAQ:FELE). Crawford Counsel stated it has 0.08% of its portfolio in Franklin Electric Co., Inc. (NASDAQ:FELE). 3,271 are owned by Fifth Third Fincl Bank. Prudential Fincl Inc holds 0% or 68,402 shares. Thrivent Financial For Lutherans reported 74,654 shares. Moreover, Old Financial Bank In has 0.02% invested in Franklin Electric Co., Inc. (NASDAQ:FELE) for 7,000 shares. Metropolitan Life Com New York reported 15,203 shares. New York State Teachers Retirement Systems has invested 0% of its portfolio in Franklin Electric Co., Inc. (NASDAQ:FELE). Victory Cap Mgmt Incorporated has invested 0% in Franklin Electric Co., Inc. (NASDAQ:FELE).

Since March 9, 2018, it had 0 insider buys, and 7 selling transactions for $871,149 activity. Shares for $30,334 were sold by davis delancey w. On Friday, March 16 Haines John J sold $106,250 worth of Franklin Electric Co., Inc. (NASDAQ:FELE) or 2,500 shares. Aikman Steven William also sold $138,054 worth of Franklin Electric Co., Inc. (NASDAQ:FELE) shares.

Why Has D.A. Davidson Given Franklin Electric Co (NASDAQ:FELE) a $50.0000 Price Target

Equity research analysts at D.A. Davidson began coverage on Franklin Electric Co (NASDAQ:FELE) with a key Hold rating. The PT for FELE is set to $50.0000. It would indicate a possible upside of 7.41 % from firm’s previous stock close.

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

Among 2 analysts covering Franklin Electric Co (NASDAQ:FELE), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Franklin Electric Co has $5400 highest and $4800 lowest target. $51’s average target is 9.56% above currents $46.55 stock price. Franklin Electric Co had 3 analyst reports since December 13, 2017 according to SRatingsIntel. The stock has “Buy” rating by Boenning & Scattergood on Tuesday, May 1. The company was maintained on Wednesday, April 4 by Robert W. Baird. Robert W. Baird maintained the stock with “Hold” rating in Wednesday, December 13 report.

The stock decreased 4.22% or $2.05 during the last trading session, reaching $46.55. About 105,409 shares traded. Franklin Electric Co., Inc. (NASDAQ:FELE) has risen 22.06% since June 12, 2017 and is uptrending. It has outperformed by 9.49% 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 16.63 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.

Franklin Electric Co., Inc., together with its subsidiaries, designs, makes, and distributes water and fuel pumping systems worldwide. The company has market cap of $2.17 billion. It operates in two divisions, Water Systems and Fueling Systems. It has a 28.21 P/E ratio. The Water Systems segment offers motors, pumps, electronic controls, and related parts and equipment.

More news for Franklin Electric Co., Inc. (NASDAQ:FELE) were recently published by: Benzinga.com, which released: “Benzinga’s Top Upgrades, Downgrades For June 12, 2018” on June 12, 2018. Nasdaq.com‘s article titled: “New Research Coverage Highlights Franklin Electric Co., ForeScout Technologies, State Bank Financial, Meta …” and published on May 25, 2018 is yet another important article.

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

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