Are Analysts Bearish Franklin Electric Co., Inc. (NASDAQ:FELE) After Last Week?

July 27, 2018 - By Mark Babin

Franklin Electric Co., Inc. (NASDAQ:FELE) LogoInvestors sentiment decreased to 0.97 in 2018 Q1. Its down 0.41, from 1.38 in 2017Q4. It dived, 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.
Swiss State Bank reported 68,900 shares. State Of Tennessee Treasury Department has invested 0.01% in Franklin Electric Co., Inc. (NASDAQ:FELE). Crawford Investment Counsel Inc reported 0.08% of its portfolio in Franklin Electric Co., Inc. (NASDAQ:FELE). 383,827 were reported by Tributary Ltd Liability Co. Aqr Management Llc holds 0% or 10,047 shares. Old Bank In owns 0.02% invested in Franklin Electric Co., Inc. (NASDAQ:FELE) for 7,000 shares. Kbc Gp Nv accumulated 133,867 shares or 0.05% of the stock. First Manhattan invested in 19,550 shares or 0% of the stock. Captrust accumulated 344 shares or 0% of the stock. Profund Advsrs Llc has 7,376 shares. Stratos Wealth Ptnrs has invested 0% of its portfolio in Franklin Electric Co., Inc. (NASDAQ:FELE). Signature Management owns 16,000 shares. Proshare Advsrs Ltd stated it has 174,424 shares or 0.05% of all its holdings. Dimensional Fund Advsr Ltd Partnership owns 1.67M shares for 0.03% of their portfolio. Barclays Plc has invested 0% in Franklin Electric Co., Inc. (NASDAQ:FELE).

Since March 9, 2018, it had 0 buys, and 7 insider sales for $871,149 activity. davis delancey w sold $48,913 worth of stock or 1,117 shares. The insider Aikman Steven William sold $138,054. Haines John J sold $106,250 worth of stock or 2,500 shares.

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

Among 3 analysts covering Franklin Electric Co (NASDAQ:FELE), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Franklin Electric Co had 3 analyst reports since April 4, 2018 according to SRatingsIntel. The stock of Franklin Electric Co., Inc. (NASDAQ:FELE) has “Buy” rating given on Tuesday, May 1 by Boenning & Scattergood. Robert W. Baird maintained Franklin Electric Co., Inc. (NASDAQ:FELE) on Wednesday, April 4 with “Hold” rating. Below is a list of Franklin Electric Co., Inc. (NASDAQ:FELE) latest ratings and price target changes.

12/06/2018 Broker: DA Davidson Rating: Neutral New Target: $50 Initiates Coverage On
01/05/2018 Broker: Boenning & Scattergood Rating: Buy New Target: $54.0000 Maintain
04/04/2018 Broker: Robert W. Baird Rating: Hold New Target: $48.0000 Maintain

The stock increased 4.16% or $1.95 during the last trading session, reaching $48.85. About 215,792 shares traded or 79.69% up from the average. Franklin Electric Co., Inc. (NASDAQ:FELE) has risen 22.06% since July 27, 2017 and is uptrending. It has outperformed by 9.49% the S&P500.

Franklin Electric Co., Inc., together with its subsidiaries, designs, makes, and distributes water and fuel pumping systems worldwide. The company has market cap of $2.27 billion. It operates in two divisions, Water Systems and Fueling Systems. It has a 27.6 P/E ratio. The Water Systems segment offers motors, pumps, electronic controls, and related parts and equipment.

More notable recent Franklin Electric Co., Inc. (NASDAQ:FELE) news were published by: Globenewswire.com which released: “Franklin Electric Acquires Assets of Midtronics Stationary Power Division” on July 02, 2018, also Seekingalpha.com with their article: “Franklin Electric Co., Inc. (FELE) CEO Gregg Sengstack on Q2 2018 Results – Earnings Call Transcript” published on July 24, 2018, Globenewswire.com published: “Franklin Electric Declares Payment of Quarterly Cash Dividend” on July 23, 2018. More interesting news about Franklin Electric Co., Inc. (NASDAQ:FELE) were released by: Fool.com and their article: “2 Embarrassingly Low-Yield Dividend Stocks” published on July 19, 2018 as well as Globenewswire.com‘s news article titled: “Franklin Electric Reports Second Quarter 2018 Sales and Earnings” with publication date: July 24, 2018.

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

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