Quantbot Technologies LP Acquires New Position in Flowserve Corporation $FLS

Quantbot Technologies LP bought a new position in Flowserve Corporation (NYSE:FLS) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 46,419 shares of the industrial products company’s stock, valued at approximately $2,467,000.

Several other institutional investors also recently bought and sold shares of the business. Goldman Sachs Group Inc. boosted its holdings in shares of 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 purchasing an additional 153,553 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in Flowserve in the second quarter valued at $313,000. Envestnet Asset Management Inc. lifted its position in Flowserve by 2.5% during the second quarter. Envestnet Asset Management Inc. now owns 231,833 shares of the industrial products company’s stock worth $12,136,000 after buying an additional 5,593 shares during the period. Hantz Financial Services Inc. boosted its stake in Flowserve by 149.8% in the 2nd quarter. Hantz Financial Services Inc. now owns 697 shares of the industrial products company’s stock worth $36,000 after buying an additional 418 shares during the last quarter. Finally, Strs Ohio grew its holdings in Flowserve by 9.3% in the 2nd quarter. Strs Ohio now owns 38,105 shares of the industrial products company’s stock valued at $1,995,000 after buying an additional 3,242 shares during the period. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on FLS. Citigroup increased their price objective on shares of Flowserve from $85.00 to $98.00 and gave the stock a “buy” rating in a report on Monday, February 9th. Stifel Nicolaus boosted their price target on Flowserve from $87.00 to $97.00 and gave the company a “buy” rating in a research report on Monday, February 9th. Mizuho raised their price objective on Flowserve from $74.00 to $91.00 and gave the stock an “outperform” rating in a report on Monday, February 9th. Wall Street Zen lowered Flowserve from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 21st. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $88.00 target price on shares of Flowserve in a report on Monday, February 9th. Eight research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $88.80.

Flowserve Trading Down 4.6%

NYSE:FLS opened at $83.51 on Wednesday. The business’s 50-day moving average is $79.67 and its two-hundred day moving average is $67.36. 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 Corporation has a 12 month low of $37.34 and a 12 month high of $92.41. The firm has a market capitalization of $10.63 billion, a PE ratio of 31.87, a price-to-earnings-growth ratio of 1.94 and a beta of 1.27.

Flowserve (NYSE:FLS) last issued its earnings results on Thursday, February 5th. The industrial products company reported $1.11 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.17. Flowserve had a return on equity of 21.19% and a net margin of 7.32%.The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the prior year, the business earned $0.70 earnings per share. The company’s revenue was up 3.5% compared to the same quarter last year. 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 fiscal year.

Flowserve Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Friday, March 27th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.1%. 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. Flowserve’s dividend payout ratio is 32.06%.

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.