Vanguard Group Inc. Sells 14,956 Shares of Flowserve Corporation $FLS

Vanguard Group Inc. decreased its stake in shares of Flowserve Corporation (NYSE:FLS) by 0.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 13,201,398 shares of the industrial products company’s stock after selling 14,956 shares during the quarter. Vanguard Group Inc. owned about 10.39% of Flowserve worth $701,522,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of FLS. Goldman Sachs Group Inc. boosted its stake in Flowserve by 48.2% during the first quarter. Goldman Sachs Group Inc. now owns 471,893 shares of the industrial products company’s stock worth $23,047,000 after acquiring an additional 153,553 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in shares of Flowserve during the second quarter valued at about $313,000. D.A. Davidson & CO. bought a new position in shares of Flowserve during the 2nd quarter worth about $1,094,000. AlphaQuest LLC grew its stake in shares of Flowserve by 96.5% in the 2nd quarter. AlphaQuest LLC now owns 11,926 shares of the industrial products company’s stock valued at $624,000 after buying an additional 5,856 shares during the period. Finally, Focus Partners Advisor Solutions LLC grew its stake in shares of Flowserve by 38.2% in the 2nd quarter. Focus Partners Advisor Solutions LLC now owns 7,734 shares of the industrial products company’s stock valued at $405,000 after buying an additional 2,137 shares during the period. Institutional investors and hedge funds own 93.93% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Royal Bank Of Canada increased their price target on Flowserve from $83.00 to $96.00 and gave the stock an “outperform” rating in a report on Monday, February 9th. Jefferies Financial Group lifted their price target on shares of Flowserve from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Wednesday, December 10th. UBS Group raised their price objective on shares of Flowserve from $65.00 to $82.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. The Goldman Sachs Group restated a “neutral” rating and issued a $88.00 target price on shares of Flowserve in a report on Monday, February 9th. Finally, Weiss Ratings cut shares of Flowserve from a “buy (b-)” rating to a “hold (c)” rating in a research report on Wednesday, February 18th. Eight investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Flowserve has a consensus rating of “Moderate Buy” and a consensus target price of $88.80.

Flowserve Stock Down 0.8%

FLS opened at $88.21 on Tuesday. Flowserve Corporation has a fifty-two week low of $37.34 and a fifty-two week high of $91.31. The firm has a market capitalization of $11.23 billion, a P/E ratio of 33.67, a PEG ratio of 1.96 and a beta of 1.29. The company’s 50-day moving average is $77.51 and its 200 day moving average is $65.86. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.03 and a quick ratio of 1.50.

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

Flowserve Increases Dividend

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

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.