96,120 Shares in Forgent Power Solutions, Inc. $FPS Acquired by B. Metzler seel. Sohn & Co. AG

Key Points

• B. Metzler seel. Sohn & Co. AG acquired 96,120 shares of Forgent Power Solutions during the second quarter, valued at approximately $5.37 million. Several other institutional investors also initiated positions.
• Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and an average price target of $56.75; recent targets range as high as $73.
• FPS opened at $30.46, with a $9.27 billion market capitalization and a 52-week range of $25.95 to $66.00. The company benefits from demand for electrical equipment tied to data centers, grid upgrades, new power generation and factory reshoring.

B. Metzler seel. Sohn & Co. AG bought a new stake in Forgent Power Solutions, Inc. (NYSE:FPS - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 96,120 shares of the company's stock, valued at approximately $5,369,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Forgent Power Solutions during the second quarter valued at about $30,000. Triumph Capital Management bought a new position in Forgent Power Solutions in the 2nd quarter valued at approximately $39,000. Hollencrest Capital Management acquired a new stake in Forgent Power Solutions during the 2nd quarter worth approximately $56,000. Secure Asset Management LLC bought a new stake in Forgent Power Solutions during the 2nd quarter worth approximately $237,000. Finally, Public Employees Retirement System of Ohio bought a new stake in Forgent Power Solutions during the 2nd quarter worth approximately $2,034,000.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. TD Securities reaffirmed a "buy" rating and set a $63.00 price target on shares of Forgent Power Solutions in a research note on Friday, May 15th. KeyCorp raised their target price on Forgent Power Solutions from $41.00 to $60.00 and gave the stock an "overweight" rating in a research report on Friday, May 15th. Wolfe Research reaffirmed an "outperform" rating and set a $60.00 target price on shares of Forgent Power Solutions in a report on Thursday, July 9th. TD Cowen increased their price target on Forgent Power Solutions from $63.00 to $73.00 and gave the company a "buy" rating in a research note on Monday, June 22nd. Finally, Zacks Research upgraded Forgent Power Solutions from a "hold" rating to a "strong-buy" rating in a report on Tuesday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $56.75.

Forgent Power Solutions Stock Performance

FPS stock opened at $30.46 on Friday. The firm has a market cap of $9.27 billion and a PE ratio of 203.07. The company has a current ratio of 1.64, a quick ratio of 1.16 and a debt-to-equity ratio of 0.99. The stock has a 50-day moving average price of $38.72 and a 200-day moving average price of $40.35. Forgent Power Solutions, Inc. has a 1-year low of $25.95 and a 1-year high of $66.00.

Forgent Power Solutions Company Profile

We are a leading designer and manufacturer of electrical distribution equipment used in data centers, the power grid and energy-intensive industrial facilities. Demand for our products is growing rapidly as (i) companies accelerate investment in data centers to meet the computational requirements for cloud computing and AI, (ii) independent power producers build new generation capacity to satisfy rising electricity demand, (iii) utilities upgrade and expand T&D infrastructure to address rapid load growth and (iv) manufacturers reshore their factories to secure their supply chains and mitigate the impact of tariffs.

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