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Franklin Electric Co ( (FELE) ) has shared an announcement.
On July 22, 2025, Franklin Electric Co., Inc. entered into a Single Premium Guaranteed Annuity Contract Purchase Agreement with Principal Life Insurance Company to terminate its pension plan effective May 12, 2025. This agreement involves transferring pension obligations for 684 retirees to the insurer, reducing the company’s pension liabilities by $30 million. Additionally, on July 9, 2025, Franklin Electric settled $59.9 million in lump sum payouts to 1,405 plan participants, resulting in an expected non-cash pension settlement charge of $60 million in the third quarter of 2025.
The most recent analyst rating on (FELE) stock is a Hold with a $90.00 price target. To see the full list of analyst forecasts on Franklin Electric Co stock, see the FELE Stock Forecast page.
Spark’s Take on FELE Stock
According to Spark, TipRanks’ AI Analyst, FELE is a Outperform.
Franklin Electric Co’s strong financial performance, supported by effective capital management and strategic initiatives, leads to a positive outlook. However, technical indicators and valuation suggest caution, with limited immediate upside potential.
To see Spark’s full report on FELE stock, click here.
More about Franklin Electric Co
Franklin Electric Co., Inc. operates in the manufacturing industry, focusing on the production and distribution of systems and components for the movement of water and fuel. The company is known for its innovative solutions in water and fueling systems, serving various markets including residential, commercial, agricultural, and industrial sectors.
Average Trading Volume: 280,124
Technical Sentiment Signal: Hold
Current Market Cap: $4.24B
See more insights into FELE stock on TipRanks’ Stock Analysis page.