Institutional Investors Are Selling Franklin Electric Co Inc (NASDAQ:FELE)

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

Sentiment for Franklin Electric Co Inc (NASDAQ:FELE)

Franklin Electric Co Inc (NASDAQ:FELE) institutional sentiment decreased to 1.21 in Q4 2018. Its down -0.04, from 1.25 in 2018Q3. The ratio fall, as 75 funds started new or increased stock positions, while 62 sold and trimmed stakes in Franklin Electric Co Inc. The funds in our partner’s database reported: 33.31 million shares, down from 33.43 million shares in 2018Q3. Also, the number of funds holding Franklin Electric Co Inc in their top 10 stock positions increased from 2 to 3 for an increase of 1. Sold All: 10 Reduced: 52 Increased: 53 New Position: 22.

Franklin Electric Co., Inc., together with its subsidiaries, designs, makes, and distributes water and fuel pumping systems worldwide. The company has market cap of $2.10 billion. It operates in two divisions, Water Systems and Fueling Systems. It has a 23 P/E ratio. The Water Systems segment offers motors, pumps, electronic controls, and related parts and equipment.

The stock decreased 2.52% or $1.17 during the last trading session, reaching $45.35. About 118,357 shares traded. Franklin Electric Co., Inc. (NASDAQ:FELE) has risen 35.57% since May 17, 2018 and is uptrending. It has outperformed by 31.20% the S&P500.

Analysts await Franklin Electric Co., Inc. (NASDAQ:FELE) to report earnings on July, 23. They expect $0.76 earnings per share, up 16.92 % or $0.11 from last year’s $0.65 per share. FELE’s profit will be $35.26M for 14.92 P/E if the $0.76 EPS becomes a reality. After $0.21 actual earnings per share reported by Franklin Electric Co., Inc. for the previous quarter, Wall Street now forecasts 261.90 % EPS growth.

First Merchants Corp holds 3.97% of its portfolio in Franklin Electric Co., Inc. for 483,000 shares. Monarch Capital Management Inc owns 159,512 shares or 2.77% of their US portfolio. Moreover, Channing Capital Management Llc has 2.43% invested in the company for 1.13 million shares. The Colorado-based Tributary Capital Management Llc has invested 1.53% in the stock. Earnest Partners Llc, a Georgia-based fund reported 2.10 million shares.

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 $52 while the high is $54. The stock’s average target of $53 is 16.87% above today’s ($45.35) share price. FELE was included in 2 notes of analysts from February 19, 2019. The company was maintained on Tuesday, February 19 by Boenning & Scattergood. Robert W. Baird maintained Franklin Electric Co., Inc. (NASDAQ:FELE) rating on Wednesday, February 20. Robert W. Baird has “Hold” rating and $52 target.

More notable recent Franklin Electric Co., Inc. (NASDAQ:FELE) news were published by: Benzinga.com which released: “52 Biggest Movers From Yesterday – Benzinga” on April 24, 2019, also Seekingalpha.com with their article: “Franklin Electric Q1 2019 Earnings Preview – Seeking Alpha” published on April 22, 2019, Gurufocus.com published: “May 14, 2019 – GYL Financial Synergies, LLC Buys Vanguard S&P 500 Growth, iShares Core S&P 500, iShares MSCI EAFE, Sells iShares Europe, SPDR DJ Wilshire REIT, Celgene Corp – GuruFocus.com” on May 14, 2019. More interesting news about Franklin Electric Co., Inc. (NASDAQ:FELE) were released by: Finance.Yahoo.com and their article: “If You Had Bought Franklin Electric (NASDAQ:FELE) Shares Three Years Ago You’d Have Made 43% – Yahoo Finance” published on May 10, 2019 as well as Globenewswire.com‘s news article titled: “Franklin Electric Acquires Assets of Midtronics Stationary Power Division – GlobeNewswire” with publication date: July 02, 2018.

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

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