24,500 Shares in Flowserve Corporation $FLS Purchased by Catalyst Capital Advisors LLC

Catalyst Capital Advisors LLC purchased a new position in Flowserve Corporation (NYSE:FLS) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 24,500 shares of the industrial products company’s stock, valued at approximately $1,700,000.

A number of other hedge funds also recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its stake in Flowserve by 3.9% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 4,181 shares of the industrial products company’s stock worth $222,000 after purchasing an additional 157 shares in the last quarter. Parallel Advisors LLC boosted its stake in Flowserve by 20.1% in the 3rd quarter. Parallel Advisors LLC now owns 968 shares of the industrial products company’s stock worth $51,000 after purchasing an additional 162 shares in the last quarter. IFP Advisors Inc boosted its stake in Flowserve by 24.4% in the 3rd quarter. IFP Advisors Inc now owns 830 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 163 shares in the last quarter. Pallas Capital Advisors LLC boosted its stake in Flowserve by 0.8% in the 4th quarter. Pallas Capital Advisors LLC now owns 25,939 shares of the industrial products company’s stock worth $1,800,000 after purchasing an additional 217 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its stake in Flowserve by 0.5% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 45,527 shares of the industrial products company’s stock worth $2,419,000 after purchasing an additional 217 shares in the last quarter. Institutional investors own 93.93% of the company’s stock.

Insider Buying and Selling at Flowserve

In related news, Director Brian D. Savoy acquired 1,000 shares of the stock in a transaction dated Thursday, May 14th. The shares were purchased at an average cost of $67.34 per share, with a total value of $67,340.00. Following the transaction, the director directly owned 1,000 shares in the company, valued at approximately $67,340. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.71% of the stock is currently owned by insiders.

Flowserve Trading Up 0.3%

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

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

Flowserve Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Friday, June 26th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, June 26th. Flowserve’s payout ratio is presently 32.59%.

Analyst Ratings Changes

FLS has been the topic of a number of analyst reports. Royal Bank Of Canada dropped their price target on shares of Flowserve from $98.00 to $91.00 and set an “outperform” rating on the stock in a research note on Friday, May 1st. Zacks Research cut shares of Flowserve from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 15th. Jefferies Financial Group reiterated a “buy” rating and issued a $90.00 price objective (down from $100.00) on shares of Flowserve in a report on Tuesday, March 31st. Wall Street Zen downgraded Flowserve from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $83.00 price objective on shares of Flowserve in a report on Thursday, April 30th. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Flowserve has an average rating of “Moderate Buy” and an average price target of $87.70.

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.