Flowserve Corporation $FLS Stock Holdings Decreased by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund decreased its stake in shares of Flowserve Corporation (NYSE:FLS) by 48.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,626 shares of the industrial products company’s stock after selling 7,206 shares during the period. Illinois Municipal Retirement Fund’s holdings in Flowserve were worth $405,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. D.A. Davidson & CO. grew its position in shares of Flowserve by 67.1% during the third quarter. D.A. Davidson & CO. now owns 34,914 shares of the industrial products company’s stock worth $1,855,000 after acquiring an additional 14,025 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in Flowserve by 104.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,333,481 shares of the industrial products company’s stock valued at $230,281,000 after purchasing an additional 2,213,406 shares during the last quarter. Paradice Investment Management LLC acquired a new position in Flowserve during the 3rd quarter valued at about $17,970,000. Universal Beteiligungs und Servicegesellschaft mbH grew its position in Flowserve by 35.9% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 136,013 shares of the industrial products company’s stock worth $7,228,000 after purchasing an additional 35,955 shares during the last quarter. Finally, Brian Low Financial Group LLC acquired a new stake in shares of Flowserve in the third quarter valued at approximately $1,007,000. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Flowserve Stock Up 0.8%

Shares of FLS stock opened at $88.90 on Friday. Flowserve Corporation has a 1 year low of $37.34 and a 1 year high of $91.31. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.50 and a current ratio of 2.03. The business’s fifty day moving average is $77.18 and its 200-day moving average is $65.44. The stock has a market cap of $11.31 billion, a PE ratio of 33.93, a price-to-earnings-growth ratio of 1.96 and a beta of 1.29.

Flowserve (NYSE:FLS) last announced its quarterly earnings data on Thursday, February 5th. The industrial products company reported $1.11 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.17. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.26 billion. Flowserve had a return on equity of 21.19% and a net margin of 7.32%.The company’s revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.70 earnings per share. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. Equities analysts expect that Flowserve Corporation will post 3.18 earnings per share for the current fiscal year.

Flowserve Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Friday, March 27th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Friday, March 27th. This represents a $0.88 annualized dividend and a dividend yield of 1.0%. This is an increase from Flowserve’s previous quarterly dividend of $0.21. Flowserve’s dividend payout ratio is presently 33.59%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on FLS. Mizuho boosted their price objective on Flowserve from $74.00 to $91.00 and gave the stock an “outperform” rating in a research report on Monday, February 9th. Citigroup lifted their target price on Flowserve from $85.00 to $98.00 and gave the company a “buy” rating in a research note on Monday, February 9th. The Goldman Sachs Group reissued a “neutral” rating and issued a $88.00 price target on shares of Flowserve in a research note on Monday, February 9th. Royal Bank Of Canada lifted their price objective on shares of Flowserve from $83.00 to $96.00 and gave the company an “outperform” rating in a research note on Monday, February 9th. Finally, Jefferies Financial Group upped their price objective on shares of Flowserve from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Wednesday, December 10th. Eight analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Flowserve presently has an average rating of “Moderate Buy” and an average target price of $88.80.

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.