Franklin ElectricFELE
About: Franklin Electric Co Inc designs, manufactures, and distributes water and fuel pumping systems, composed of submersible motors, pumps, electronic controls, water treatment systems, and related parts and equipment. It has three segments; The Water Systems segment designs, manufactures and sells motors, pumps, drives, electronic controls, monitoring devices, and related parts and equipment for use in groundwater, water transfer, and wastewater, The Fueling Systems segment designs, manufactures and sells pumps, pipe, sumps, fittings, vapor recovery components, electronic controls, monitoring devices, and related parts and equipment for use in fueling system applications and the Distribution segment sells and provides presale support and specifications to the installing contractors.
Employees: 6,400
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
62% more first-time investments, than exits
New positions opened: 47 | Existing positions closed: 29
6% more funds holding
Funds holding: 322 [Q2] → 340 (+18) [Q3]
4% more capital invested
Capital invested by funds: $3.64B [Q2] → $3.78B (+$138M) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]
3.11% less ownership
Funds ownership: 82.12% [Q2] → 79.0% (-3.11%) [Q3]
14% less repeat investments, than reductions
Existing positions increased: 108 | Existing positions reduced: 125
76% less call options, than puts
Call options by funds: $126K | Put options by funds: $524K
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
Baird Michael Halloran 70% 1-year accuracy 16 / 23 met price target | 2%downside $105 | Neutral Maintained | 30 Oct 2024 |