12,444 Shares in Flowserve Corporation $FLS Purchased by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Flowserve Corporation (NYSE:FLS) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 12,444 shares of the industrial products company’s stock, valued at approximately $923,000.

Other large investors have also recently added to or reduced their stakes in the company. William Blair Investment Management LLC increased its position in shares of Flowserve by 142.4% during the fourth quarter. William Blair Investment Management LLC now owns 1,048,137 shares of the industrial products company’s stock valued at $72,720,000 after purchasing an additional 615,769 shares during the period. Hillsdale Investment Management Inc. lifted its position in Flowserve by 27.8% in the fourth 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 position in Flowserve in the fourth quarter worth $4,826,000. Vest Financial LLC acquired a new stake in Flowserve during the fourth quarter worth $1,501,000. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Flowserve during the fourth quarter worth $5,019,000. Institutional investors and hedge funds own 93.93% of the company’s stock.

Analyst Upgrades and Downgrades

FLS has been the subject of a number of recent research reports. Citigroup restated a “buy” rating on shares of Flowserve in a research note on Thursday, April 30th. Weiss Ratings upgraded shares of Flowserve from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. TD Cowen cut shares of Flowserve from a “buy” rating to a “hold” rating and lowered their target price for the company from $85.00 to $70.00 in a research note on Wednesday, June 24th. Royal Bank Of Canada increased their price target on shares of Flowserve from $91.00 to $94.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Finally, The Goldman Sachs Group set a $82.00 price target on shares of Flowserve in a research note on Thursday, July 30th. Seven research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $86.60.

Flowserve Stock Performance

Shares of NYSE:FLS opened at $80.67 on Wednesday. The business’s fifty day moving average price is $75.15 and its two-hundred day moving average price is $77.17. Flowserve Corporation has a fifty-two week low of $48.71 and a fifty-two week high of $92.41. The stock has a market capitalization of $10.25 billion, a price-to-earnings ratio of 28.31, a price-to-earnings-growth ratio of 1.79 and a beta of 1.23. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.15 and a quick ratio of 1.58.

Flowserve (NYSE:FLS) last released its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.09. The firm 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 business’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.91 earnings per share. Flowserve has set its FY 2026 guidance at 4.050-4.200 EPS. As a group, analysts predict that Flowserve Corporation will post 4.1 EPS for the current fiscal year.

Flowserve Company 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.