Franklin Electric

FELE · NASDAQ

$100.19+$0.76 (+0.76%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $99.43

FELE analyst rating

HoldConsensus of 2 analysts over the last 12 months. 0% rate it a buy.

Strong buy0
Buy0
Hold2
Underperform0
Sell0

12-month price target · 6 analysts

Average $120.87 (+20.6% upside)

Low: $106.05
Now: $100.19
High: $131.25

Upgrades and downgrades

The latest rating actions, newest first

FELE analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
DA Davidson	Sep 9, 2026	Maintains	Neutral	$105.00	49%
DA Davidson	Jul 29, 2026	Maintains	Neutral	$100.00 → $105.00	49%
Baird	Jul 29, 2026	Maintains	Neutral	$118.00 → $124.00	57%
DA Davidson	Jun 16, 2026	Maintains	Neutral	$100.00	49%
DA Davidson	Apr 29, 2026	Maintains	Neutral	$100.00	49%
DA Davidson	Feb 19, 2026	Maintains	Neutral	$90.00 → $100.00	49%
DA Davidson	Feb 18, 2026	Maintains	Neutral	$90.00	49%

The case for and against

Updated Oct 14, 2026

Bull case

Franklin Electric is attractive because management has shifted to a more centralized, growth-focused model that is channeling capital toward faster-growing end markets, while still preserving flexibility with just 0.5x net leverage and a roughly $144M net debt position. Its acquisition of Cat Pumps for $350M cash plus up to $50M earnout adds a 39% EBITDA-margin business with $115M of 2025 revenue, expanding higher-pressure commercial and industrial exposure and recurring aftermarket revenue. The company also has meaningful organic optionality from AI data center liquid cooling, mining and critical minerals, and over 35 new product launches expected to contribute about $160M of sales from 2026-2028, supporting 2026 sales guidance of $2.17B to $2.24B and EPS of $4.40 to $4.60.

Bear case

Franklin Electric is facing a fragile fundamental setup because its end markets are exposed to tariffs, trade tensions, currency headwinds, and supply-chain disruption risks, while inflation in steel, aluminum, copper, resins, and freight can pressure margins. Demand is also highly cyclical, with weather-sensitive groundwater pumping, residential construction, and commodity-linked agriculture and fuel activity all capable of weakening earnings, as weak industry conditions can trigger heavier price promotion and lower volume. Although Water showed organic growth across US & Canada (+6%), Latin America (+3%), and APAC (+12%), EMEA declined 2% amid regional conflicts, underscoring that regional instability and uneven demand limit the durability of the company’s longer-term outlook.

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