Boenning & Scattergood Keeps a Buy Rating on Franklin Electric Co

In a report released today, Ryan Connors from Boenning & Scattergood reiterated a Buy rating on Franklin Electric Co (NASDAQ: FELE), with a price target of $54. The company’s shares closed yesterday at $41.

According to TipRanks.com, Connors is a 4-star analyst with an average return of 9.3% and a 64.6% success rate. Connors covers the Industrial Goods sector, focusing on stocks such as Advanced Drainage Systems, Watts Water Technologies, and Mueller Water Products.

Franklin Electric Co has an analyst consensus of Moderate Buy, with a price target consensus of $47.67.

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Franklin Electric Co’s market cap is currently $1.91B and has a P/E ratio of 24.70. The company has a book value ratio of 2.7286.

Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is negative on the stock. Most recently, in March 2018, Delancey Davis, the President of FELE sold 10,171 shares for a total of $435,937.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Franklin Electric Co., Inc. engages in the development, manufacture, and distribution of water and fuel pumping systems. It operates through the following business segments: Water Systems, Fueling Systems and Distribution.