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Enter Symbol:
 
Franklin Electric Co., Inc. (FELE) [hlAlert]

Rating:
Neutral FELE
up 93.31 %

Franklin Electric Co., Inc. (FELE) upgraded to Neutral with price target $24 by Robert W. Baird

Posted on: Tuesday,  Mar 3, 2009  8:25 AM ET by Robert W. Baird

Robert W. Baird rated Neutral Franklin Electric Co., Inc. (NASDAQ: FELE) on 03/03/2009. Previously Robert W. Baird rated Underperform Franklin Electric Co., Inc. (NASDAQ:
FELE) on 12/19/2007., when the stock price was $18.36. Since then, Franklin Electric Co., Inc. has lost 48.27% as of 03/03/2009's recent price of $9.50.
If you would have followed the previous Robert W. Baird's recommendation on FELE, you would have gained 93.31% of your investment in 440 days.

Franklin Electric Co., Inc. together with its subsidiaries (Franklin Electric) is engaged in designing, manufacturing and distributing groundwater and fuel pumping systems, composed primarily of submersible pumps and motors, electronic controls and related parts and equipment. The Company operates in two business segments: the Water Systems segment and the Fueling Systems segment. The principal raw materials used in the manufacture of the Company?s products are coil and bar steel, stainless steel, copper wire, and aluminum ingot. The Company?s products are sold in North America, Europe, the Middle East, South Africa, Australia, Mexico, Brazil, Japan, China, and other global markets. During the fiscal year ended January 3, 2009, (fiscal 2008), the Company completed the acquisition of Industrias Schneider SA and Western Pumps LLC.

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Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/3/2009 8:25 AM Hold
None
9.50 12.00
as of 12/31/2009
1 Week   
1 Month   
3 Months   
1 YTD up  32.44 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/19/2007 8:25 AM Sell
None
18.36 17.50
9/19/2007 9:25 AM Sell
None
21.33 18.00
7/31/2007 9:25 AM Sell
None
24.13 22.50

(*) Stock Price at the time of the recommendation.
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