Franklin Electric Co Inc (FELE) Stock AnalysisFELEFranklin Electric Co Inc

Franklin Electric Co., Inc. is engaged in designing, manufacturing and distributing water and fuel pumping systems, composed primarily of submersible motors, pumps, electronic controls and related parts and equipment. Its segments include Water Systems, Distribution, and Energy Systems. The Water Systems segment designs, manufactures and sells motors, pumps, drives, electronic controls, monitoring devices, and related parts and equipment primarily for use in groundwater, water transfer and wastewater. The distribution segment is operated as a collection of wholly owned groundwater distributors known as the Headwater Companies. The Energy Systems segment designs, manufactures and sells pumps, motors, pipes, sumps, fittings, vapor recovery components, electronic controls, monitoring devices and related parts and equipment. It also operates as a wholesale supplier and online retailer specializing in water treatment systems, components, and accessories primarily based in Lincoln, Nebraska. It operates in the Industrials sector (MOTORS & GENERATORS industry).

Franklin Electric Co Inc is currently a hold. The stock is priced at $97.72, which is below the analyst target range of $100 to $124, suggesting potential upside. However, the RSI is at 52.047, indicating a neutral momentum and the stock has seen a slight decline of 0.94% over the last 5 days, suggesting some short-term weakness. The main risk is the forward P/E ratio of 18.52, which indicates that the stock may be overvalued if earnings do not meet expectations.

7 analysts cover FELE: 1 rate it Buy, 6 Hold and 0 Sell. The average price target is 112.00.