Headlines about Franklin Electric Co. (NASDAQ:FELE) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies negative and positive news coverage by analyzing more than 20 million news and blog 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 media sentiment score of 0.16 on Accern’s scale. Accern also gave media coverage about the industrial products company an impact score of 46.1988140969273 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the news headlines that may have effected Accern’s analysis:
- Franklin Electric Schedules Its Third Quarter 2017 Earnings Release and Conference Call (feeds.benzinga.com)
- ETFs with exposure to Franklin Electric Co., Inc. : October 9, 2017 (finance.yahoo.com)
- Franklin Electric Co., Inc. (FELE) Downgraded to Hold at Zacks Investment Research (americanbankingnews.com)
- Zacks.com featured highlights include MINDBODY, TearLab, Sunesis Pharmaceuticals, Children's Place, Franklin Electric (finance.yahoo.com)
Franklin Electric Co. (NASDAQ:FELE) traded up 0.34% on Wednesday, reaching $44.90. The company had a trading volume of 42,748 shares. Franklin Electric Co. has a 12-month low of $34.75 and a 12-month high of $46.95. The stock has a market capitalization of $2.09 billion, a PE ratio of 24.40 and a beta of 1.63. The stock’s 50 day moving average price is $41.55 and its 200-day moving average price is $40.69.
A number of research firms recently commented on FELE. BidaskClub cut Franklin Electric Co. from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Zacks Investment Research raised Franklin Electric Co. from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a research note on Wednesday, September 27th. Robert W. Baird reissued a “hold” rating and issued a $45.00 target price on shares of Franklin Electric Co. in a research note on Wednesday, October 4th. Finally, Boenning Scattergood reissued an “outperform” rating on shares of Franklin Electric Co. in a research note on Tuesday, September 5th.
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In related news, insider Robert J. Stone sold 39,260 shares of the company’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $45.00, for a total transaction of $1,766,700.00. Following the transaction, the insider now directly owns 39,392 shares in the company, valued at approximately $1,772,640. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.54% of the company’s stock.
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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