ProShare Advisors LLC Has $402,000 Stake in Flowserve Corporation $FLS

ProShare Advisors LLC decreased its position in Flowserve Corporation (NYSE:FLS) by 54.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,788 shares of the industrial products company’s stock after selling 6,810 shares during the quarter. ProShare Advisors LLC’s holdings in Flowserve were worth $402,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Goldman Sachs Group Inc. increased its position in shares of Flowserve by 48.2% in the first quarter. Goldman Sachs Group Inc. now owns 471,893 shares of the industrial products company’s stock valued at $23,047,000 after acquiring an additional 153,553 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of Flowserve in the second quarter valued at about $313,000. First Trust Advisors LP increased its position in shares of Flowserve by 6.0% in the second quarter. First Trust Advisors LP now owns 134,484 shares of the industrial products company’s stock valued at $7,040,000 after acquiring an additional 7,624 shares during the last quarter. Cresset Asset Management LLC increased its position in shares of Flowserve by 24.1% in the second quarter. Cresset Asset Management LLC now owns 14,246 shares of the industrial products company’s stock valued at $749,000 after acquiring an additional 2,769 shares during the last quarter. Finally, California Public Employees Retirement System increased its position in shares of Flowserve by 10.5% in the second quarter. California Public Employees Retirement System now owns 232,848 shares of the industrial products company’s stock valued at $12,190,000 after acquiring an additional 22,108 shares during the last quarter. Institutional investors and hedge funds own 93.93% of the company’s stock.

Insider Buying and Selling

In other Flowserve news, Director Brian D. Savoy purchased 1,000 shares of Flowserve stock in a transaction that occurred on Thursday, May 14th. The stock was acquired at an average price of $67.34 per share, for a total transaction of $67,340.00. Following the completion of the acquisition, the director owned 1,000 shares of the company’s stock, valued at approximately $67,340. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.71% of the company’s stock.

Flowserve Trading Up 0.3%

Flowserve stock opened at $75.41 on Friday. Flowserve Corporation has a 52 week low of $45.11 and a 52 week high of $92.41. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.63 and a current ratio of 2.22. The stock has a market capitalization of $9.64 billion, a P/E ratio of 27.93, a PEG ratio of 1.69 and a beta of 1.24. The stock has a 50-day simple moving average of $75.43 and a 200 day simple moving average of $75.83.

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

Flowserve Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be issued a dividend of $0.22 per share. The ex-dividend date is Friday, June 26th. This represents a $0.88 dividend on an annualized basis and a yield of 1.2%. Flowserve’s dividend payout ratio (DPR) is presently 32.59%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on FLS shares. Citigroup reaffirmed a “buy” rating on shares of Flowserve in a research report on Thursday, April 30th. Royal Bank Of Canada lowered their target price on Flowserve from $98.00 to $91.00 and set an “outperform” rating on the stock in a research report on Friday, May 1st. Jefferies Financial Group reaffirmed a “buy” rating and issued a $90.00 target price (down from $100.00) on shares of Flowserve in a research report on Tuesday, March 31st. Stifel Nicolaus set a $92.00 target price on Flowserve in a research report on Friday, May 1st. Finally, Weiss Ratings downgraded Flowserve from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, May 15th. Eight equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $87.70.

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.