Boenning & Scattergood analyst Ryan Connors maintained a Hold rating on Franklin Electric Co (FELE) today. The company’s shares opened today at $49.53.
According to TipRanks.com, Connors is a 4-star analyst with an average return of 11.3% and a 71.6% 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 Hold, with a price target consensus of $52.
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Based on Franklin Electric Co’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $24 million. In comparison, last year the company had a net profit of $20.97 million.
Based on the recent corporate insider activity of 57 insiders, corporate insider sentiment is negative on the stock.
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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.
