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Franklin Electric Increases Share Repurchase Authorization

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Franklin Electric Increases Share Repurchase Authorization

Elevate Your Investing Strategy:

Franklin Electric Co ( (FELE) ) just unveiled an update.

On June 9, 2025, Franklin Electric’s Board of Directors approved an increase in the company’s share repurchase authorization, allowing for the repurchase of up to 1,126,635 shares of common stock. This decision followed the successful acquisition of 1,200,000 shares from the Patricia Schaefer Settlement Trust at a price of $86.78 per share. The transaction not only provided liquidity for the Schaefer estate but also demonstrated Franklin Electric’s confidence in its financial stability and future prospects.

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 receives a score of 72, reflecting its solid financial health and strategic initiatives, but tempered by technical challenges and a relatively high valuation. The company’s strong profitability, healthy balance sheet, and positive corporate events are significant strengths. However, bearish technical indicators and a high P/E ratio suggest caution.

To see Spark’s full report on FELE stock, click here.

More about Franklin Electric Co

Franklin Electric is a global leader in the production and marketing of systems and components for the movement of water and energy. The company serves a diverse range of customers worldwide in residential, commercial, agricultural, industrial, municipal, and fueling applications. It is recognized for its technical leadership and has been featured in various lists such as America’s Most Responsible Companies 2024 and Greenest Companies 2025.

Average Trading Volume: 296,196

Technical Sentiment Signal: Sell

Current Market Cap: $3.96B

See more insights into FELE stock on TipRanks’ Stock Analysis page.

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