Franklin Resources Inc. Increases Stock Position in Federal Signal Co. (NYSE:FSS)

Franklin Resources Inc. raised its holdings in Federal Signal Co. (NYSE:FSS - Free Report) by 26.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 638,253 shares of the conglomerate's stock after buying an additional 134,457 shares during the period. Franklin Resources Inc. owned 1.04% of Federal Signal worth $59,523,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Tidal Investments LLC grew its position in Federal Signal by 19.1% during the 3rd quarter. Tidal Investments LLC now owns 3,174 shares of the conglomerate's stock worth $297,000 after acquiring an additional 510 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Federal Signal during the 3rd quarter worth $46,000. Geode Capital Management LLC grew its holdings in Federal Signal by 17.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,601,774 shares of the conglomerate's stock valued at $149,727,000 after buying an additional 239,789 shares in the last quarter. Barclays PLC increased its position in shares of Federal Signal by 338.7% in the third quarter. Barclays PLC now owns 145,188 shares of the conglomerate's stock worth $13,569,000 after purchasing an additional 112,092 shares during the last quarter. Finally, Zacks Investment Management lifted its position in Federal Signal by 70.6% in the 3rd quarter. Zacks Investment Management now owns 7,266 shares of the conglomerate's stock worth $679,000 after buying an additional 3,007 shares during the last quarter. 92.73% of the stock is owned by institutional investors.

Federal Signal Price Performance

Shares of NYSE:FSS traded down $1.86 during trading on Tuesday, hitting $95.78. 352,595 shares of the company's stock were exchanged, compared to its average volume of 354,875. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.83 and a quick ratio of 1.36. Federal Signal Co. has a 52-week low of $71.29 and a 52-week high of $102.18. The business's 50-day simple moving average is $91.87 and its 200 day simple moving average is $90.66. The company has a market cap of $5.85 billion, a price-to-earnings ratio of 28.29 and a beta of 0.99.

Federal Signal (NYSE:FSS - Get Free Report) last announced its earnings results on Thursday, October 31st. The conglomerate reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.04. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. The business had revenue of $474.20 million for the quarter, compared to analysts' expectations of $481.71 million. During the same quarter last year, the firm earned $0.71 EPS. The business's revenue for the quarter was up 6.2% on a year-over-year basis. As a group, equities analysts predict that Federal Signal Co. will post 3.34 EPS for the current year.

Federal Signal Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 15th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date of this dividend was Friday, November 15th. Federal Signal's dividend payout ratio is presently 13.91%.

Wall Street Analysts Forecast Growth

Separately, DA Davidson reduced their target price on Federal Signal from $94.00 to $90.00 and set a "neutral" rating on the stock in a report on Tuesday, November 5th.

Federal Signal Company Profile

Federal Signal Corp. engages in the design and manufacture of products and integrated solutions for municipal, governmental, industrial, and commercial customers. It operates through the Environmental Solutions Group and Safety and Security Systems Group segments. The Environment Solutions Group segment is involved in the manufacture and supply of street sweeper vehicles, sewer cleaners, vacuum loader trucks, hydro-excavation trucks, and water blasting equipment.