Media headlines about Franklin Electric Co. (NASDAQ:FELE) have trended positive on Sunday, according to Accern. The research firm ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Franklin Electric Co. earned a news impact score of 0.44 on Accern’s scale. Accern also assigned press coverage about the industrial products company an impact score of 86 out of 100, indicating that recent press coverage is very likely to have an impact on the stock’s share price in the next few days.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Franklin Electric Co., Inc. (NASDAQ:FELE) Traded Well Above Its 50 Day Moving Average (highlightpress.com)
- Pay day loans in wasilla alaska – payday loans – payday loan (channelbuzz.ca)
- Electric Motors Market Analytical Insights and Foresight to 2022 (pressreleaserocket.net)
- Contrasting Franklin Electric Co. (NASDAQ:FELE) and IDEX Corporation (IEX) (americanbankingnews.com)
- Franklin Electric’s software aids pump selection (worldpumps.com)
Several research firms have recently issued reports on FELE. Zacks Investment Research cut shares of Franklin Electric Co. from a “hold” rating to a “sell” rating in a report on Tuesday, June 27th. BidaskClub upgraded shares of Franklin Electric Co. from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th.
Franklin Electric Co. (NASDAQ FELE) opened at 42.10 on Friday. Franklin Electric Co. has a 12-month low of $32.13 and a 12-month high of $45.15. The company has a market capitalization of $1.96 billion, a PE ratio of 24.79 and a beta of 1.62. The stock has a 50 day moving average of $39.18 and a 200 day moving average of $40.42.
Franklin Electric Co. (NASDAQ:FELE) last announced its earnings results on Thursday, April 27th. The industrial products company reported $0.33 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.35 by $0.02. Franklin Electric Co. had a return on equity of 13.04% and a net margin of 8.48%. The company had revenue of $220.30 million during the quarter, compared to the consensus estimate of $226.74 million. During the same period in the prior year, the firm posted $0.29 earnings per share. The company’s revenue was up .9% on a year-over-year basis. On average, equities research analysts predict that Franklin Electric Co. will post $1.79 EPS for the current year.
In other Franklin Electric Co. news, insider Thomas J. Strupp sold 4,876 shares of the business’s stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $39.26, for a total value of $191,431.76. Following the completion of the transaction, the insider now directly owns 10,515 shares of the company’s stock, valued at $412,818.90. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Delancey W. Davis sold 4,071 shares of the business’s stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $34.45, for a total transaction of $140,245.95. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,947 shares of company stock valued at $495,678. Insiders own 2.54% of the company’s stock.
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Franklin Electric Co. Company Profile
Franklin Electric Co, Inc designs, manufactures and distributes water and fuel pumping systems, consisting of submersible motors, pumps, electronic controls and related parts and equipment. Its segments include Water Systems segment, the Fueling Systems segment and Other. Its Water Systems segment is engaged in the production and marketing of water pumping systems and offers motors, pumps, drives, electronic controls and monitoring devices.
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