FELE Stock Summary and Trading Ideas (Franklin Electric Co. | NASDAQ:FELE)

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.

Franklin Electric Co. trades on the NASDAQ stock market under the symbol FELE.

As of April 23, 2024, FELE stock price climbed to $103.62 with 159,066 million shares trading.

FELE has a beta of 0.87, meaning it tends to be less sensitive to market movements. FELE has a correlation of 0.29 to the broad based SPY ETF.

FELE has a market cap of $4.78 billion. This is considered a Mid Cap stock.

Last quarter Franklin Electric Co. reported $473 million in Revenue and $.82 earnings per share. This fell short of revenue expectation by $-17 million and missed earnings estimates by -$.02.

In the last 3 years, FELE stock traded as high as $107.89 and as low as $68.27.

The top ETF exchange traded funds that FELE belongs to (by Net Assets): IJR, VTI, IWM, VB, VXF.

FELE stock has underperformed the market in the last year with a return of +17.3%, while SPY returned +24.3%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in FELE shares. However, FELE has outperformed the market in the last 3 month and 2 week periods, returning +7.6% and +0.7%, while SPY returned +4.9% and -2.5%, respectively. This indicates FELE has been having a stronger performance recently.

FELE support price is $100.61 and resistance is $103.49 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FELE stock will trade within this expected range on the day.