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Franklin Electric (FELE)

Franklin Electric is a global leader in the production and marketing of systems and components for the movement of water and fuel. Recognized as a technical leader in its products and services, Franklin Electric serves customers around the world in residential, commercial, agricultural, industrial, municipal, and fueling applications.

Company profile

Ticker
FELE
Exchange
CEO
Gregg Sengstack
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Subsidiaries
2M Company, LLC • Blake Group Holdings • Drillers Service, LLC • FE Latin America B.V. • Franklin Electric (Australia) Pty. Ltd. • Franklin Electric (South Africa) Pty. Ltd. • Franklin Electric (Suzhou) Co., Ltd. • Franklin Electric B.V. • Franklin Electric Europa GmbH • Franklin Electric Germany Holding GmbH ...
IRS number
350827455

FELE stock data

Analyst ratings and price targets

Last 3 months

Calendar

2 Aug 22
9 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 33.23M 33.23M 33.23M 33.23M 33.23M 33.23M
Cash burn (monthly) 1.79M 4.03M (no burn) (no burn) 410K (no burn)
Cash used (since last report) 2.4M 5.41M n/a n/a 550.05K n/a
Cash remaining 30.83M 27.82M n/a n/a 32.67M n/a
Runway (months of cash) 17.3 6.9 n/a n/a 79.7 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
4 Aug 22 Gregg C Sengstack common stock Gift Dispose G No No 0 1,000 0 153,997
29 Jul 22 Gregg C Sengstack common stock Sell Dispose S No No 89.5626 10,000 895.63K 154,997
28 Jul 22 delancey w davis common stock Sell Dispose S No No 86.2078 10,973 945.96K 10,777
28 Jul 22 delancey w davis common stock Option exercise Acquire M No No 59.71 3,710 221.52K 21,750
28 Jul 22 delancey w davis common stock Option exercise Acquire M No No 55.16 3,631 200.29K 18,040
28 Jul 22 delancey w davis common stock Option exercise Acquire M No No 40.25 3,632 146.19K 14,409
28 Jul 22 delancey w davis option common stock Option exercise Dispose M No No 59.71 3,710 221.52K 3,712
28 Jul 22 delancey w davis option common stock Option exercise Dispose M No No 55.16 3,631 200.29K 0
28 Jul 22 delancey w davis option common stock Option exercise Dispose M No No 40.25 3,632 146.19K 0
28 Jul 22 Gregg C Sengstack common stock Sell Dispose S No No 87.6175 16,000 1.4M 164,997
76.5% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 277 254 +9.1%
Opened positions 42 31 +35.5%
Closed positions 19 26 -26.9%
Increased positions 109 72 +51.4%
Reduced positions 77 103 -25.2%
13F shares Current Prev Q Change
Total value 3.15B 3.67B -14.4%
Total shares 35.43M 35.95M -1.4%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners Shares Value Change
BLK Blackrock 7.9M $656.19M +0.5%
Vanguard 4.55M $378.05M -1.0%
Earnest Partners 2.42M $200.71M -2.6%
STT State Street 2.26M $187.48M -2.0%
Allspring Global Investments 2.13M $176.75M +1.5%
King Luther Capital Management 1.2M $99.42M +0.1%
Dimensional Fund Advisors 1.11M $91.94M -7.3%
IPXAF Impax Asset Management 1.04M $86.13M 0.0%
Allianz Asset Management GmbH 804.11K $66.77M -21.4%
BAC Bank Of America 786.83K $65.34M +1.8%
Largest transactions Shares Bought/sold Change
Norges Bank 0 -426.86K EXIT
Allianz Asset Management GmbH 804.11K -218.38K -21.4%
Dimensional Fund Advisors 1.11M -86.8K -7.3%
Healthcare Of Ontario Pension Plan Trust Fund 75.76K +75.76K NEW
DB Deutsche Bank AG - Registered Shares 91.06K -69.58K -43.3%
Earnest Partners 2.42M -64.33K -2.6%
Eaton Vance Management 132.93K +63.01K +90.1%
First Trust Advisors 364.59K -59.37K -14.0%
MNGPF Man 21.16K -55.69K -72.5%
BI Asset Management Fondsmaeglerselskab A/S 54.4K +54.4K NEW

Financial report summary

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Competition
Dover
Management Discussion
  • Sales in the second quarter of 2022 increased from the second quarter of last year. Sales in the quarter increased by $113.8 million, or about 26 percent, due to higher sales across all three segments, achieved by price realization, acquisitions, and volume. The Company's consolidated gross profit was $189.3 million for the second quarter of 2022, an increase from the prior year’s second quarter. The gross profit as a percent of net sales was 34.3 percent in the second quarter of 2022 versus 34.8 percent during the second quarter of 2021. Diluted earnings per share in the second quarter of 2022 were up from the same period last year.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
New words: absorption, adverse, American, Argentina, Benchmark, Brazil, buildout, claim, cumulative, economy, EUR, EURIBOR, extent, factor, floor, highly, India, infrastructure, intercompany, lira, local, Mexico, opposed, Overnight, prompt, remeasurement, remeasuring, robust, served, SOFR, source, South, successful, Turkey, Turkish, USD, warrant
Removed: demonstrate, Eurocurrency, LIBOR, March, mix, occurred, retained, station, submitted

Patents

Utility
Motor drive system and method
2 Aug 22
A motor drive and method to control a motor in a fluid system.
Utility
Method and apparatus for limiting acidic corrosion and contamination in fuel delivery systems
21 Jun 22
A method and apparatus are provided for controlling a fuel delivery system to limit acidic corrosion.
Utility
Overfill prevention valve
21 Jun 22
An overfill valve associated with a drop tube segment fluidly connected to a fluid reservoir is described.
Utility
Method and apparatus for limiting acidic corrosion and contamination in fuel delivery systems
7 Jun 22
A method and apparatus are provided for controlling a fuel delivery system to limit acidic corrosion.
Utility
Motor drive system including removable bypass circuit and/or cooling features
31 May 22
A motor control system to drive an alternating-current (AC) motor, including a motor drive with a power circuit and a motor drive controller powered by the power circuit and configured to cause the power circuit to generate a motor voltage; a motor drive contactor having first contacts electrically connected between the power circuit and the AC motor; a bypass contactor having second contacts electrically connected between a line voltage source and the AC motor; and a bypass controller communicatively coupled with the motor drive contactor and the bypass contractor; wherein the motor drive controller is structured to generate a speed reference and to command the bypass controller to connect the AC motor to the line voltage source upon the motor drive controller determining that the speed reference is substantially equal to a line frequency of the line voltage source.