Bank of New York Mellon Corp Buys Shares of 412,910 Federal Signal Corporation $FSS

Key Points

• Bank of New York Mellon acquired 412,910 Federal Signal shares worth approximately $53.1 million, giving it a 0.68% stake. Institutional investors collectively own 92.73% of the company.
• Federal Signal exceeded quarterly expectations, reporting EPS of $1.42 versus the $1.29 consensus and revenue of $670.2 million, up 18.7% year over year. The company provided fiscal 2026 EPS guidance of $5.12–$5.30.
• Analysts maintain a “Moderate Buy” consensus rating with an average price target of $140.50, while Federal Signal pays a quarterly dividend of $0.15 per share, yielding about 0.5%.

Bank of New York Mellon Corp purchased a new position in shares of Federal Signal Corporation (NYSE:FSS - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 412,910 shares of the conglomerate's stock, valued at approximately $53,055,000. Bank of New York Mellon Corp owned approximately 0.68% of Federal Signal at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of FSS. EverSource Wealth Advisors LLC lifted its position in Federal Signal by 140.6% during the second quarter. EverSource Wealth Advisors LLC now owns 243 shares of the conglomerate's stock valued at $26,000 after purchasing an additional 142 shares during the period. Palladiem LLC acquired a new position in shares of Federal Signal during the 4th quarter worth about $27,000. Physician Wealth Advisors Inc. raised its holdings in shares of Federal Signal by 57.2% during the first quarter. Physician Wealth Advisors Inc. now owns 250 shares of the conglomerate's stock valued at $27,000 after acquiring an additional 91 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its stake in Federal Signal by 3,100.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 256 shares of the conglomerate's stock valued at $30,000 after purchasing an additional 248 shares during the last quarter. Finally, Covestor Ltd raised its position in shares of Federal Signal by 118.0% in the fourth quarter. Covestor Ltd now owns 279 shares of the conglomerate's stock valued at $30,000 after buying an additional 151 shares during the last quarter. 92.73% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Federal Signal

In other news, VP Diane Bonina sold 14,856 shares of the firm's stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $130.44, for a total transaction of $1,937,816.64. Following the completion of the transaction, the vice president directly owned 15,689 shares in the company, valued at $2,046,473.16. This trade represents a 48.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 3.30% of the stock is currently owned by corporate insiders.

Federal Signal Price Performance

FSS stock opened at $120.08 on Friday. Federal Signal Corporation has a 52-week low of $101.18 and a 52-week high of $134.51. The company has a quick ratio of 1.21, a current ratio of 2.74 and a debt-to-equity ratio of 0.30. The stock has a market cap of $7.33 billion, a price-to-earnings ratio of 25.88, a price-to-earnings-growth ratio of 1.66 and a beta of 1.24. The business has a fifty day moving average of $122.58 and a two-hundred day moving average of $116.46.

Federal Signal (NYSE:FSS - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The conglomerate reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.13. The firm had revenue of $670.20 million for the quarter, compared to analyst estimates of $667.04 million. Federal Signal had a net margin of 11.66% and a return on equity of 21.36%. Federal Signal's revenue was up 18.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.17 EPS. Federal Signal has set its FY 2026 guidance at 5.120-5.300 EPS. As a group, research analysts anticipate that Federal Signal Corporation will post 5.23 earnings per share for the current year.

Federal Signal Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 27th. Shareholders of record on Friday, August 14th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Friday, August 14th. Federal Signal's dividend payout ratio is 12.93%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on FSS shares. Citigroup assumed coverage on shares of Federal Signal in a research note on Monday, August 17th. They issued a "buy" rating and a $150.00 target price on the stock. Wall Street Zen lowered Federal Signal from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. KeyCorp reaffirmed an "overweight" rating and issued a $140.00 price target on shares of Federal Signal in a report on Thursday, April 30th. Weiss Ratings upgraded Federal Signal from a "buy (b-)" rating to a "buy (b)" rating in a research report on Tuesday, June 23rd. Finally, Zacks Research lowered Federal Signal from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Federal Signal currently has an average rating of "Moderate Buy" and an average price target of $140.50.

About Federal Signal

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.

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