Franklin Electric (NASDAQ:FELE) Issues Quarterly Earnings Results

Franklin Electric (NASDAQ:FELE) posted its earnings results on Tuesday. The industrial products company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.03, Zacks reports. Franklin Electric had a return on equity of 15.03% and a net margin of 9.22%. Franklin Electric updated its FY 2025 guidance to 4.050-4.250 EPS.

Franklin Electric Price Performance

FELE stock opened at $106.01 on Wednesday. The company has a current ratio of 2.40, a quick ratio of 1.06 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $4.84 billion, a price-to-earnings ratio of 26.84, a PEG ratio of 1.96 and a beta of 1.00. The firm’s 50-day moving average price is $99.39 and its two-hundred day moving average price is $101.54. Franklin Electric has a 12-month low of $91.67 and a 12-month high of $111.94.

Franklin Electric Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Thursday, February 6th will be paid a $0.265 dividend. This represents a $1.06 annualized dividend and a dividend yield of 1.00%. This is an increase from Franklin Electric’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Thursday, February 6th. Franklin Electric’s payout ratio is presently 26.84%.

Analyst Ratings Changes

Separately, Robert W. Baird dropped their target price on shares of Franklin Electric from $107.00 to $105.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th.

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.