Intech Investment Management LLC Takes Position in Flowserve Corporation $FLS

Intech Investment Management LLC acquired a new position in Flowserve Corporation (NYSE:FLS) in the third quarter, Holdings Channel.com reports. The fund acquired 136,701 shares of the industrial products company’s stock, valued at approximately $7,264,000.

Several other hedge funds also recently added to or reduced their stakes in the business. First Horizon Advisors Inc. purchased a new stake in Flowserve in the second quarter valued at about $26,000. Hantz Financial Services Inc. grew its stake in shares of Flowserve by 149.8% during the second quarter. Hantz Financial Services Inc. now owns 697 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 418 shares during the last quarter. Bruce G. Allen Investments LLC acquired a new position in shares of Flowserve during the third quarter valued at about $40,000. Toth Financial Advisory Corp acquired a new position in shares of Flowserve during the third quarter valued at about $53,000. Finally, CENTRAL TRUST Co purchased a new position in shares of Flowserve in the 3rd quarter valued at approximately $61,000. 93.93% of the stock is owned by institutional investors and hedge funds.

Flowserve Price Performance

Shares of FLS opened at $88.24 on Friday. The business’s 50-day moving average is $79.11 and its two-hundred day moving average is $66.72. The company has a market capitalization of $11.23 billion, a P/E ratio of 33.68, a P/E/G ratio of 1.97 and a beta of 1.29. Flowserve Corporation has a fifty-two week low of $37.34 and a fifty-two week high of $92.41. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.50 and a current ratio of 2.03.

Flowserve (NYSE:FLS) last issued its earnings results on Thursday, February 5th. The industrial products company reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.17. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.70 earnings per share. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. Research analysts predict that Flowserve Corporation will post 3.18 earnings per share for the current year.

Flowserve Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Friday, March 27th will be issued a dividend of $0.22 per share. This is a positive change from Flowserve’s previous quarterly dividend of $0.21. 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%. Flowserve’s payout ratio is presently 32.06%.

Analysts Set New Price Targets

Several research firms have weighed in on FLS. Citigroup boosted their target price on shares of Flowserve from $85.00 to $98.00 and gave the stock a “buy” rating in a research report 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 stock an “outperform” rating in a research note on Monday, February 9th. Mizuho boosted their price objective on shares of Flowserve from $74.00 to $91.00 and gave the company an “outperform” rating in a report on Monday, February 9th. Robert W. Baird set a $98.00 target price on Flowserve in a research note on Monday, February 9th. Finally, Jefferies Financial Group lifted their price target on Flowserve from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Wednesday, December 10th. Eight analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Flowserve presently has an average rating of “Moderate Buy” and an average price target of $88.80.

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.