Systematic Financial Management LP Takes Position in Flowserve Corporation $FLS

Systematic Financial Management LP bought a new stake in Flowserve Corporation (NYSE:FLS) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 160,322 shares of the industrial products company’s stock, valued at approximately $11,123,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hillsdale Investment Management Inc. purchased a new stake in Flowserve in the third quarter valued at approximately $3,034,000. Dynamic Technology Lab Private Ltd purchased a new stake in Flowserve in the third quarter valued at approximately $2,343,000. Exchange Traded Concepts LLC raised its position in Flowserve by 19.2% in the fourth quarter. Exchange Traded Concepts LLC now owns 128,436 shares of the industrial products company’s stock valued at $8,911,000 after purchasing an additional 20,725 shares during the period. Fox Run Management L.L.C. purchased a new stake in Flowserve in the third quarter valued at approximately $1,803,000. Finally, Allianz Asset Management GmbH raised its position in Flowserve by 33.9% in the third quarter. Allianz Asset Management GmbH now owns 103,690 shares of the industrial products company’s stock valued at $5,510,000 after purchasing an additional 26,266 shares during the period. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Insider Buying and Selling at Flowserve

In related news, Director Brian D. Savoy acquired 1,000 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were acquired at an average price of $67.34 per share, with a total value of $67,340.00. Following the completion of the transaction, the director owned 1,000 shares of the company’s stock, valued at $67,340. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.71% of the company’s stock.

Flowserve Stock Up 0.0%

Flowserve stock opened at $69.63 on Monday. Flowserve Corporation has a twelve month low of $45.11 and a twelve month high of $92.41. The stock’s fifty day simple moving average is $75.55 and its 200-day simple moving average is $75.74. The company has a current ratio of 2.22, a quick ratio of 1.63 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $8.90 billion, a P/E ratio of 25.79, a P/E/G ratio of 1.57 and a beta of 1.24.

Flowserve (NYSE:FLS) last posted its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.03. Flowserve had a return on equity of 21.46% and a net margin of 7.61%.The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the prior year, the company earned $0.72 earnings per share. The company’s revenue was down 6.7% on a year-over-year basis. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. As a group, equities analysts expect that Flowserve Corporation will post 4.05 earnings per share for the current fiscal year.

Flowserve Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Friday, June 26th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Friday, June 26th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.3%. Flowserve’s dividend payout ratio is currently 32.59%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on FLS. The Goldman Sachs Group reissued a “neutral” rating and issued a $83.00 target price on shares of Flowserve in a research report on Thursday, April 30th. TD Cowen reissued a “buy” rating on shares of Flowserve in a research report on Friday, May 1st. Mizuho boosted their target price on Flowserve from $74.00 to $91.00 and gave the company an “outperform” rating in a research report on Monday, February 9th. Robert W. Baird set a $98.00 target price on Flowserve in a research report on Monday, February 9th. Finally, Weiss Ratings lowered Flowserve from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, May 15th. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Flowserve currently has a consensus rating of “Moderate Buy” and an average target price of $87.70.

Flowserve Profile

Flowserve Corporation (NYSE: FLS) is a leading provider of fluid motion and control products and services. The company designs, manufactures and services engineered and industrial pumps, mechanical seals, valves and related flow management equipment. Flowserve’s offerings are utilized across a broad spectrum of end markets, including oil and gas, power generation, chemical processing, water management, pharmaceutical and semiconductor manufacturing, as well as mining and general industrial applications.

Flowserve’s product portfolio encompasses a wide range of centrifugal and positive displacement pumps, high-performance control valves, butterfly and ball valves, as well as mechanical seals and seal support systems.