Franklin Electric (FELE) Receiving Somewhat Positive News Coverage, Analysis Shows

Media coverage about Franklin Electric (NASDAQ:FELE) has been trending somewhat positive this week, Accern Sentiment reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Franklin Electric earned a daily sentiment score of 0.20 on Accern’s scale. Accern also assigned news headlines about the industrial products company an impact score of 45.5546598604002 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Here are some of the headlines that may have effected Accern’s rankings:

Franklin Electric (NASDAQ:FELE) opened at $44.70 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.35 and a quick ratio of 1.13. The company has a market cap of $2,050.00, a PE ratio of 23.78 and a beta of 1.53. Franklin Electric has a one year low of $36.00 and a one year high of $47.20.

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st will be paid a $0.108 dividend. The ex-dividend date is Wednesday, January 31st. This represents a $0.43 dividend on an annualized basis and a yield of 0.97%. Franklin Electric’s dividend payout ratio is currently 22.87%.

FELE has been the topic of a number of research analyst reports. BidaskClub downgraded shares of Franklin Electric from a “hold” rating to a “sell” rating in a research note on Friday, December 22nd. Zacks Investment Research upgraded shares of Franklin Electric from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a research note on Tuesday, January 16th. Robert W. Baird upped their target price on shares of Franklin Electric from $45.00 to $47.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 25th. Seaport Global Securities restated a “neutral” rating on shares of Franklin Electric in a research note on Wednesday, October 25th. Finally, Boenning Scattergood restated a “buy” rating on shares of Franklin Electric in a research note on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $50.00.

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About Franklin Electric

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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