Y Intercept Hong Kong Ltd Acquires 18,274 Shares of Flowserve Corporation $FLS

Y Intercept Hong Kong Ltd lifted its stake in Flowserve Corporation (NYSE:FLS) by 115.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 34,100 shares of the industrial products company’s stock after buying an additional 18,274 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Flowserve were worth $2,507,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. BOKF NA bought a new position in Flowserve during the 3rd quarter worth $28,000. Atlas Capital Advisors Inc. bought a new stake in shares of Flowserve during the 4th quarter valued at $36,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Flowserve during the 3rd quarter worth $36,000. IFP Advisors Inc grew its holdings in shares of Flowserve by 24.4% during the 3rd quarter. IFP Advisors Inc now owns 830 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 163 shares in the last quarter. Finally, Parallel Advisors LLC increased its position 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 worth $51,000 after purchasing an additional 162 shares during the period. Institutional investors and hedge funds own 93.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on FLS shares. Royal Bank Of Canada cut their price objective on shares of Flowserve from $98.00 to $91.00 and set an “outperform” rating for the company in a research report on Friday, May 1st. The Goldman Sachs Group reissued a “neutral” rating and issued a $83.00 target price on shares of Flowserve in a report on Thursday, April 30th. Zacks Research cut shares of Flowserve from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 15th. Stifel Nicolaus set a $92.00 price target on shares of Flowserve in a research report on Friday, May 1st. Finally, TD Cowen cut shares of Flowserve from a “buy” rating to a “hold” rating and decreased their price objective for the company from $85.00 to $70.00 in a research note on Wednesday, June 24th. Seven equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $86.70.

Flowserve Trading Down 4.6%

FLS opened at $71.28 on Wednesday. The company has a market cap of $9.11 billion, a P/E ratio of 26.40, a PEG ratio of 1.68 and a beta of 1.23. 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 company’s 50 day moving average is $74.23 and its 200-day moving average is $77.02. Flowserve Corporation has a 1-year low of $48.71 and a 1-year high of $92.41.

Flowserve (NYSE:FLS) last released its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.03. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Flowserve had a net margin of 7.61% and a return on equity of 21.46%. The firm’s quarterly revenue was down 6.7% compared to the same quarter last year. 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 research analysts predict that Flowserve Corporation will post 4.05 earnings per share for the current fiscal year.

Flowserve Dividend Announcement

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

Insider Activity at Flowserve

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