Kingsview Wealth Management LLC Purchases New Position in Flowserve Corporation $FLS

Kingsview Wealth Management LLC purchased a new stake in Flowserve Corporation (NYSE:FLS) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 51,011 shares of the industrial products company’s stock, valued at approximately $3,539,000.

Other institutional investors have also recently made changes to their positions in the company. BOKF NA bought a new position in shares of Flowserve in the 3rd quarter valued at about $28,000. Measured Wealth Private Client Group LLC bought a new position in shares of Flowserve in the 3rd quarter valued at about $36,000. IFP Advisors Inc lifted its holdings in shares of Flowserve by 24.4% in the 3rd quarter. IFP Advisors Inc now owns 830 shares of the industrial products company’s stock valued at $46,000 after acquiring an additional 163 shares during the last quarter. Parallel Advisors LLC lifted its holdings in shares of Flowserve by 20.1% in the 3rd quarter. Parallel Advisors LLC now owns 968 shares of the industrial products company’s stock valued at $51,000 after acquiring an additional 162 shares during the last quarter. Finally, CENTRAL TRUST Co bought a new position in shares of Flowserve in the 3rd quarter valued at about $61,000. Institutional investors own 93.93% of the company’s stock.

Analyst Upgrades and Downgrades

FLS has been the subject of a number of analyst reports. Mizuho increased their price target on shares of Flowserve from $74.00 to $91.00 and gave the company an “outperform” rating in a report on Monday, February 9th. TD Cowen reaffirmed a “buy” rating on shares of Flowserve in a report on Friday, May 1st. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $83.00 price target on shares of Flowserve in a report on Thursday, April 30th. Royal Bank Of Canada lowered their price target on shares of Flowserve from $98.00 to $91.00 and set an “outperform” rating for the company in a report on Friday, May 1st. Finally, Stifel Nicolaus set a $92.00 price target on shares of Flowserve in a report on Friday, May 1st. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $87.70.

Insiders Place Their Bets

In other news, Director Brian D. Savoy acquired 1,000 shares of Flowserve stock in a transaction that occurred on Thursday, May 14th. The shares were bought at an average cost of $67.34 per share, with a total value of $67,340.00. Following the transaction, the director directly owned 1,000 shares of the company’s stock, valued at $67,340. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. 0.71% of the stock is owned by company insiders.

Flowserve Stock Performance

Flowserve stock opened at $75.41 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.22 and a quick ratio of 1.63. Flowserve Corporation has a 1-year low of $45.11 and a 1-year high of $92.41. The firm has a market capitalization of $9.64 billion, a P/E ratio of 27.93, a price-to-earnings-growth ratio of 1.70 and a beta of 1.24. The company’s 50-day moving average is $75.43 and its 200 day moving average is $75.83.

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 net margin of 7.61% and a return on equity of 21.46%. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same period in the prior year, the company posted $0.72 EPS. The firm’s revenue for the quarter was down 6.7% on a year-over-year basis. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. Research analysts forecast that Flowserve Corporation will post 4.05 EPS for the current year.

Flowserve Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, June 26th. Flowserve’s dividend payout ratio is 32.59%.

About Flowserve

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.