7,955 Shares in Flowserve Corporation $FLS Acquired by Revolve Wealth Partners LLC

Revolve Wealth Partners LLC bought a new position in Flowserve Corporation (NYSE:FLS) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 7,955 shares of the industrial products company’s stock, valued at approximately $590,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Flowserve by 1,300.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 203,715 shares of the industrial products company’s stock valued at $14,967,000 after purchasing an additional 189,165 shares in the last quarter. William Blair Investment Management LLC raised its position in Flowserve by 142.4% in the 4th quarter. William Blair Investment Management LLC now owns 1,048,137 shares of the industrial products company’s stock worth $72,720,000 after purchasing an additional 615,769 shares during the period. Hillsdale Investment Management Inc. raised its position in Flowserve by 27.8% in the 4th quarter. Hillsdale Investment Management Inc. now owns 72,950 shares of the industrial products company’s stock worth $5,061,000 after purchasing an additional 15,850 shares during the period. Horizon Investments LLC bought a new stake in Flowserve in the fourth quarter worth $4,826,000. Finally, Vest Financial LLC bought a new stake in Flowserve in the fourth quarter worth $1,501,000. 93.93% of the stock is currently owned by institutional investors.

Flowserve Price Performance

FLS opened at $80.81 on Wednesday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.58 and a current ratio of 2.15. The stock has a market capitalization of $10.27 billion, a PE ratio of 28.35, a price-to-earnings-growth ratio of 1.76 and a beta of 1.23. The stock’s 50 day moving average price is $74.45 and its 200-day moving average price is $77.06. Flowserve Corporation has a 52-week low of $48.71 and a 52-week high of $92.41.

Flowserve (NYSE:FLS) last announced its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.09. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. Flowserve had a return on equity of 21.42% and a net margin of 8.01%.The firm’s revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.91 earnings per share. Flowserve has set its FY 2026 guidance at 4.050-4.200 EPS. On average, equities research analysts predict that Flowserve Corporation will post 4.1 EPS for the current year.

Flowserve Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Friday, June 26th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, June 26th. Flowserve’s dividend payout ratio (DPR) is currently 30.88%.

Insider Buying and Selling at Flowserve

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

Wall Street Analyst Weigh In

Several analysts have issued reports on FLS shares. Citigroup restated a “buy” rating on shares of Flowserve in a research report on Thursday, April 30th. Royal Bank Of Canada increased their target price on Flowserve from $91.00 to $94.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Stifel Nicolaus raised their price target on Flowserve from $92.00 to $94.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Weiss Ratings cut Flowserve from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, July 28th. Finally, Wall Street Zen downgraded Flowserve from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Six investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $86.60.

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.