Franklin Electric Co Enters New Credit Agreement

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

On May 14, 2025, Franklin Electric Co., Inc. entered into a Fifth Amended and Restated Credit Agreement with JPMorgan Chase Bank and Bank of America, extending the maturity date of its previous credit agreement to May 14, 2030, while maintaining a revolving commitment of $350 million. This agreement allows for an increase in aggregate revolving commitments up to $525 million and includes various financial covenants and conditions, such as a maximum leverage ratio and interest coverage ratio, which are designed to enhance the company’s financial flexibility and stability.

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 overall stock score reflects its strong financial health and strategic growth initiatives, such as acquisitions. However, technical indicators suggest bearish momentum, and valuation metrics hint at a potentially overvalued stock. While the earnings call outlined a steady outlook, challenges in sales and increased expenses pose risks. The company’s strategic acquisition of Barnes de Colombia is a positive step towards long-term growth.

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, specializing in the production of systems and components for the movement of water and fuel. The company is focused on providing innovative solutions for water and fuel transfer, serving a global market with a diverse range of products.

Average Trading Volume: 301,762

Technical Sentiment Signal: Hold

Current Market Cap: $4.07B

For an in-depth examination of FELE stock, go to TipRanks’ Stock Analysis page.