Sanctuary Advisors LLC Acquires New Shares in Flowserve Corporation $FLS

Sanctuary Advisors LLC bought a new stake in Flowserve Corporation (NYSE:FLS) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 6,896 shares of the industrial products company’s stock, valued at approximately $511,000.

A number of other hedge funds also recently made changes to their positions in the stock. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Flowserve during the 2nd quarter worth approximately $34,000. Global Retirement Partners LLC acquired a new stake in Flowserve in the second quarter valued at approximately $38,000. Atlas Capital Advisors Inc. bought a new stake in shares of Flowserve during the fourth quarter worth $36,000. BOKF NA acquired a new position in shares of Flowserve during the third quarter worth $28,000. Finally, Keating Financial Advisory Services Inc. acquired a new position in shares of Flowserve during the second quarter worth $48,000. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on FLS shares. Royal Bank Of Canada raised their price objective on Flowserve from $91.00 to $94.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Weiss Ratings downgraded Flowserve from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday. Stifel Nicolaus lifted their price target on Flowserve from $92.00 to $94.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Robert W. Baird set a $93.00 price target on Flowserve in a report on Friday, July 31st. Finally, TD Cowen lowered shares of Flowserve from a “buy” rating to a “hold” rating and dropped their price objective for the company from $85.00 to $70.00 in a report on Wednesday, June 24th. Six equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $86.60.

Flowserve Stock Performance

Shares of Flowserve stock opened at $80.49 on Friday. The company has a current ratio of 2.15, a quick ratio of 1.58 and a debt-to-equity ratio of 0.91. The business has a 50-day moving average price of $75.20 and a two-hundred day moving average price of $77.19. Flowserve Corporation has a 1-year low of $48.71 and a 1-year high of $92.41. The company has a market cap of $10.23 billion, a P/E ratio of 28.24, a PEG ratio of 1.79 and a beta of 1.23.

Flowserve (NYSE:FLS) last announced its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.09. Flowserve had a return on equity of 21.42% and a net margin of 8.01%.The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the previous year, the business earned $0.91 EPS. The firm’s revenue was down 1.6% compared to the same quarter last year. Flowserve has set its FY 2026 guidance at 4.050-4.200 EPS. As a group, analysts anticipate that Flowserve Corporation will post 4.1 EPS for the current year.

Flowserve Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Friday, September 25th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Friday, September 25th. This represents a $0.88 annualized dividend and a yield of 1.1%. Flowserve’s payout ratio is 30.88%.

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.