Deprince Race & Zollo Inc. Has $76.98 Million Stake in Flowserve Corporation $FLS

Deprince Race & Zollo Inc. cut its position in shares of Flowserve Corporation (NYSE:FLS) by 16.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,047,200 shares of the industrial products company’s stock after selling 208,929 shares during the period. Flowserve accounts for 1.5% of Deprince Race & Zollo Inc.’s portfolio, making the stock its 8th largest holding. Deprince Race & Zollo Inc.’s holdings in Flowserve were worth $76,980,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Comprehensive Money Management Services LLC lifted its holdings in Flowserve by 1.5% during the 1st quarter. Comprehensive Money Management Services LLC now owns 8,509 shares of the industrial products company’s stock valued at $625,000 after purchasing an additional 125 shares during the last quarter. BTC Capital Management Inc. increased its holdings in shares of Flowserve by 2.5% in the first quarter. BTC Capital Management Inc. now owns 6,531 shares of the industrial products company’s stock valued at $480,000 after purchasing an additional 162 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of Flowserve by 20.1% in the third quarter. Parallel Advisors LLC now owns 968 shares of the industrial products company’s stock valued at $51,000 after purchasing an additional 162 shares during the last quarter. IFP Advisors Inc raised its position in shares of Flowserve by 24.4% in the third quarter. IFP Advisors Inc now owns 830 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 163 shares during the period. Finally, Inspire Advisors LLC raised its position in shares of Flowserve by 3.7% in the fourth quarter. Inspire Advisors LLC now owns 4,667 shares of the industrial products company’s stock valued at $324,000 after purchasing an additional 165 shares during the period. 93.93% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently commented on FLS shares. Stifel Nicolaus set a $92.00 target price on shares of Flowserve in a report on Friday, May 1st. Zacks Research downgraded shares of Flowserve from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 15th. Jefferies Financial Group restated a “buy” rating and set a $90.00 price objective (down from $100.00) on shares of Flowserve in a report on Tuesday, March 31st. Weiss Ratings downgraded Flowserve from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, May 15th. Finally, Citigroup reiterated a “buy” rating on shares of Flowserve in a research note on Thursday, April 30th. Seven analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $86.70.

Flowserve Trading Down 2.2%

Shares of FLS opened at $72.54 on Thursday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.63 and a current ratio of 2.22. Flowserve Corporation has a 52-week low of $48.71 and a 52-week high of $92.41. The firm has a market cap of $9.27 billion, a price-to-earnings ratio of 26.87, a PEG ratio of 1.67 and a beta of 1.23. The business’s fifty day moving average is $75.02 and its 200-day moving average is $76.97.

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

Flowserve Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Friday, June 26th will be issued a $0.22 dividend. 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 1.2%. Flowserve’s dividend payout ratio is 32.59%.

Insider Activity at Flowserve

In related news, Director Brian D. Savoy purchased 1,000 shares of Flowserve stock in a transaction dated Thursday, May 14th. The shares were bought at an average cost of $67.34 per share, for a total transaction of $67,340.00. Following the purchase, the director owned 1,000 shares in the company, valued at approximately $67,340. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.71% of the company’s stock.

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.