Franklin Electric Co. (NASDAQ:FELE) announced a quarterly dividend on Tuesday, October 22nd, Zacks reports. Investors of record on Friday, November 1st will be given a dividend of 0.145 per share by the industrial products company on Friday, November 15th. This represents a $0.58 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date is Thursday, October 31st.
Franklin Electric stock opened at $52.15 on Tuesday. The company’s fifty day moving average price is $48.03 and its 200 day moving average price is $46.80. Franklin Electric has a 1 year low of $39.92 and a 1 year high of $55.59. The stock has a market capitalization of $2.38 billion, a P/E ratio of 23.08 and a beta of 1.29. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.98 and a current ratio of 2.15.
A number of equities research analysts recently issued reports on FELE shares. Seaport Global Securities reissued a “neutral” rating on shares of Franklin Electric in a research note on Tuesday, October 15th. Zacks Investment Research cut shares of Franklin Electric from a “hold” rating to a “sell” rating in a research note on Monday, October 21st. Finally, BidaskClub raised shares of Franklin Electric from a “hold” rating to a “buy” rating in a research note on Friday. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. Franklin Electric presently has an average rating of “Hold” and a consensus price target of $54.00.
About Franklin Electric
Franklin Electric Co, Inc, together with its subsidiaries, designs, manufactures, and distributes water and fuel pumping systems worldwide. It operates in three segments: Water Systems, Fueling Systems, and Distribution. The Water Systems segment offers submersible motors, pumps, drives, electronic controls, monitoring devices, and related parts and equipment.
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