Janney Montgomery Scott LLC Increases Stock Holdings in Franklin Electric Co., to $473,000
August 9, 2023
🌥️Trending News
Franklin Electric ($NASDAQ:FELE) Co., Inc. (NASDAQ: FELE) has recently seen an increase in stock holdings by Janney Montgomery Scott LLC. Franklin Electric is a global leader in the production and marketing of systems and components for the movement of water and fuel. Franklin Electric’s robust product offerings include efficient submersible motors, pumps, drives, controls, and related accessories to serve the global water systems, fuel systems, and specialty pump markets. The company has operations all over the world and is headquartered in Bluffton, Indiana.
Price History
On Monday, the stock opened at $97.2 and closed at $98.2, showing a positive trend with an increase of 1.5% from the closing price of $96.8 the day before. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Franklin Electric. More…
| Total Revenues | Net Income | Net Margin |
| 2.09k | 194.4 | 9.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Franklin Electric. More…
| Operations | Investing | Financing |
| 207.24 | -48.5 | -133.23 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Franklin Electric. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.8k | 652.68 | 24.88 |
Key Ratios Snapshot
Some of the financial key ratios for Franklin Electric are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 19.0% | 30.6% | 12.3% |
| FCF Margin | ROE | ROA |
| 7.9% | 14.4% | 8.9% |
Analysis
GoodWhale has analyzed the financials of FRANKLIN ELECTRIC and found that it is a ‘gorilla’ type of company which has achieved stable and high revenue or earning growth due to its strong competitive advantage. Our Star Chart analysis indicates that the company is strong in asset, dividend, growth and profitability. Given such positive financial health of FRANKLIN ELECTRIC with a score of 10/10 in cashflows and debt, investors who value stability and long-term investment potential may be interested in such a company. Furthermore, its ability to sustain future operations in times of crisis should attract more investors who are looking to capitalize on a reliable business model. More…
Peers
Franklin Electric Co. Inc. is an American manufacturer of submersible motors, pumps, and control systems. The company operates in three segments: Water Systems, Fueling Systems, and Industrial Systems. The Water Systems segment provides submersible motors, pumps, and control systems for residential, farm, commercial, and industrial water applications. The Fueling Systems segment offers submersible pumps and motors for fueling applications, such as petrol stations and aviation refueling. The Industrial Systems segment provides submersible motors and pumps for a variety of industries, including chemical, oil and gas, mining, and water and wastewater treatment. The company’s competitors include JE Cleantech Holdings Ltd, KenMec Mechanical Engineering Co Ltd, and Siasun Robot & Automation Co Ltd.
– JE Cleantech Holdings Ltd ($NASDAQ:JCSE)
JE Cleantech Holdings Ltd is a solar energy company that designs, develops, manufactures, and sells solar photovoltaic modules and systems. The company has a market cap of 12.09M as of 2022 and a return on equity of -2.6%. JE Cleantech Holdings Ltd is headquartered in Hong Kong.
– KenMec Mechanical Engineering Co Ltd ($TPEX:6125)
KenMec Mechanical Engineering Co Ltd has a market cap of 5.89B as of 2022. Its Return on Equity is -5.05%. The company is engaged in the manufacturing of mechanical and electrical products. Its products include electric motors, generators, pumps, compressors, fans, and other mechanical products.
– Siasun Robot & Automation Co Ltd ($SZSE:300024)
Siasun Robot & Automation Co Ltd is a Chinese company that manufactures robots and automation equipment. The company has a market cap of 14.22B as of 2022 and a return on equity of -7.76%. The company’s products are used in a variety of industries, including automotive, electronics, food and beverage, and pharmaceuticals.
Summary
Franklin Electric Co., Inc. (FELE) is a publicly traded company that develops and manufactures electric motors and controls for residential, agricultural, commercial, industrial, and municipal end-users. Recently, Janney Montgomery Scott LLC reported a stock holding in FELE worth $473,000. Analysts suggest that the stock is a good deal, given the company’s history of consistent dividend payments and strong balance sheet. Further, FELE boasts a fair valuation and attractive fundamentals, including strong sales and cash flow.
The company’s products are well diversified, with a strong presence in the pool pump and submersible pump markets. FELE also has a good geographic footprint and significant opportunities for growth in both developed and developing markets. For investors looking for a safe, low-risk stock that may yield good returns in the long-term, FELE may be an attractive investment.
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