Northwestern Mutual Wealth Management Co. Increases Stock Holdings in Flowserve Corporation $FLS

Northwestern Mutual Wealth Management Co. lifted its stake in shares of Flowserve Corporation (NYSE:FLS) by 1,300.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 203,715 shares of the industrial products company’s stock after buying an additional 189,165 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Flowserve were worth $14,967,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. EverSource Wealth Advisors LLC lifted its holdings in Flowserve by 3.9% during the third quarter. EverSource Wealth Advisors LLC now owns 4,181 shares of the industrial products company’s stock worth $222,000 after acquiring an additional 157 shares during the period. Parallel Advisors LLC lifted its holdings in Flowserve by 20.1% during the third quarter. Parallel Advisors LLC now owns 968 shares of the industrial products company’s stock worth $51,000 after acquiring an additional 162 shares during the period. IFP Advisors Inc lifted its holdings in Flowserve by 24.4% during the third quarter. IFP Advisors Inc now owns 830 shares of the industrial products company’s stock worth $46,000 after acquiring an additional 163 shares during the period. Pallas Capital Advisors LLC lifted its holdings in Flowserve by 0.8% during the fourth quarter. Pallas Capital Advisors LLC now owns 25,939 shares of the industrial products company’s stock worth $1,800,000 after acquiring an additional 217 shares during the period. Finally, Public Employees Retirement System of Ohio lifted its holdings in Flowserve by 0.5% during the third quarter. Public Employees Retirement System of Ohio now owns 45,527 shares of the industrial products company’s stock worth $2,419,000 after acquiring an additional 217 shares during the period. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on FLS. Royal Bank Of Canada dropped their price target on Flowserve from $98.00 to $91.00 and set an “outperform” rating on the stock in a report on Friday, May 1st. Zacks Research lowered Flowserve from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 15th. Citigroup reiterated a “buy” rating on shares of Flowserve in a report on Thursday, April 30th. Robert W. Baird set a $98.00 price target on Flowserve in a report on Monday, February 9th. Finally, TD Cowen reiterated a “buy” rating on shares of Flowserve in a report on Friday, May 1st. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Flowserve presently has an average rating of “Moderate Buy” and a consensus price target of $87.70.

Flowserve Stock Performance

Shares of FLS opened at $68.31 on Thursday. The firm has a market cap of $8.73 billion, a PE ratio of 25.30, a PEG ratio of 1.45 and a beta of 1.24. The stock’s fifty day moving average price is $75.93 and its two-hundred day moving average price is $75.75. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.22 and a quick ratio of 1.63. Flowserve Corporation has a 1 year low of $45.11 and a 1 year high of $92.41.

Flowserve (NYSE:FLS) last issued its earnings results on Wednesday, April 29th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.03. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.17 billion. Flowserve had a return on equity of 21.46% and a net margin of 7.61%.The business’s revenue was down 6.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.72 earnings per share. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. On average, equities research analysts forecast that Flowserve Corporation will post 4.05 EPS for the current year.

Flowserve Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 26th will be paid a $0.22 dividend. The ex-dividend date is Friday, June 26th. This represents a $0.88 annualized dividend and a dividend yield of 1.3%. Flowserve’s payout ratio is presently 32.59%.

Insider Activity

In other news, Director Brian D. Savoy bought 1,000 shares of the stock in a transaction on Thursday, May 14th. The shares were purchased at an average cost of $67.34 per share, for a total transaction of $67,340.00. Following the completion of the purchase, the director directly owned 1,000 shares in the company, valued at $67,340. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.71% of the stock is currently owned by insiders.

About Flowserve

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.