Principal Financial Group Inc. Has $37.69 Million Stock Holdings in Federal Signal Corporation $FSS

Principal Financial Group Inc. lifted its stake in Federal Signal Corporation (NYSE:FSS) by 5.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 347,069 shares of the conglomerate’s stock after acquiring an additional 16,589 shares during the quarter. Principal Financial Group Inc.’s holdings in Federal Signal were worth $37,688,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of FSS. Wasatch Advisors LP acquired a new stake in shares of Federal Signal in the third quarter valued at approximately $174,476,000. Allianz Asset Management GmbH acquired a new stake in shares of Federal Signal in the third quarter valued at approximately $108,884,000. Invesco Ltd. increased its holdings in shares of Federal Signal by 16.0% in the third quarter. Invesco Ltd. now owns 1,967,348 shares of the conglomerate’s stock valued at $234,095,000 after purchasing an additional 271,878 shares in the last quarter. UBS Group AG increased its holdings in shares of Federal Signal by 77.0% in the third quarter. UBS Group AG now owns 609,582 shares of the conglomerate’s stock valued at $72,534,000 after purchasing an additional 265,145 shares in the last quarter. Finally, Tudor Investment Corp ET AL increased its holdings in shares of Federal Signal by 200.0% in the third quarter. Tudor Investment Corp ET AL now owns 265,308 shares of the conglomerate’s stock valued at $31,569,000 after purchasing an additional 176,870 shares in the last quarter. Institutional investors and hedge funds own 92.73% of the company’s stock.

Analyst Ratings Changes

FSS has been the subject of a number of research reports. DA Davidson raised their price target on shares of Federal Signal from $125.00 to $132.00 and gave the company a “neutral” rating in a report on Friday, May 1st. KeyCorp reaffirmed an “overweight” rating and set a $140.00 target price on shares of Federal Signal in a report on Thursday, April 30th. Zacks Research raised shares of Federal Signal from a “hold” rating to a “strong-buy” rating in a report on Monday, May 4th. CJS Securities raised shares of Federal Signal from a “market perform” rating to a “market outperform” rating and set a $140.00 target price for the company in a report on Thursday, February 26th. Finally, Wall Street Zen raised shares of Federal Signal from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $139.25.

Federal Signal Trading Down 1.7%

Shares of NYSE FSS opened at $118.38 on Friday. The company’s fifty day moving average is $112.74 and its 200-day moving average is $113.57. The stock has a market cap of $7.22 billion, a price-to-earnings ratio of 26.90, a P/E/G ratio of 1.71 and a beta of 1.32. Federal Signal Corporation has a twelve month low of $88.94 and a twelve month high of $132.89. The company has a quick ratio of 1.29, a current ratio of 2.84 and a debt-to-equity ratio of 0.38.

Federal Signal (NYSE:FSS) last announced its quarterly earnings results on Wednesday, April 29th. The conglomerate reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.29. The company had revenue of $625.60 million for the quarter, compared to analysts’ expectations of $579.87 million. Federal Signal had a net margin of 11.56% and a return on equity of 21.18%. The business’s quarterly revenue was up 35.0% compared to the same quarter last year. During the same period last year, the firm posted $0.76 earnings per share. Federal Signal has set its FY 2026 guidance at 4.800-5.050 EPS. Equities research analysts predict that Federal Signal Corporation will post 4.94 EPS for the current year.

Federal Signal Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, May 15th. Federal Signal’s dividend payout ratio (DPR) is currently 13.64%.

Federal Signal Profile

Federal Signal Corporation (NYSE: FSS), headquartered in Oak Brook, Illinois, is a diversified industrial company that designs, manufactures and markets a broad range of products and services for municipal, commercial and industrial customers worldwide. Founded in 1901 in Chicago, the company has grown through a combination of organic investment and strategic acquisitions to become a leading provider of environmental management and safety and security solutions.

Federal Signal operates through two primary business segments.