12,840 Shares in Flowserve Corporation $FLS Acquired by Monetary Solutions Ltd

Monetary Solutions Ltd purchased a new stake in Flowserve Corporation (NYSE:FLS) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 12,840 shares of the industrial products company’s stock, valued at approximately $891,000. Flowserve makes up about 0.9% of Monetary Solutions Ltd’s holdings, making the stock its 21st biggest position.

Several other large investors have also made changes to their positions in FLS. UBS Group AG increased its stake in shares of Flowserve by 67.8% in the third quarter. UBS Group AG now owns 4,146,917 shares of the industrial products company’s stock valued at $220,367,000 after buying an additional 1,676,284 shares in the last quarter. AQR Capital Management LLC lifted its position in Flowserve by 9.9% during the 3rd quarter. AQR Capital Management LLC now owns 3,230,118 shares of the industrial products company’s stock worth $171,648,000 after buying an additional 290,226 shares in the last quarter. Earnest Partners LLC lifted its position in Flowserve by 5.0% during the 3rd quarter. Earnest Partners LLC now owns 2,885,879 shares of the industrial products company’s stock worth $153,356,000 after buying an additional 136,867 shares in the last quarter. Nuveen LLC grew its holdings in Flowserve by 6.1% during the 4th quarter. Nuveen LLC now owns 2,777,288 shares of the industrial products company’s stock worth $192,688,000 after acquiring an additional 158,661 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Flowserve by 12.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,745,206 shares of the industrial products company’s stock worth $190,468,000 after acquiring an additional 299,346 shares during the last quarter. Institutional investors own 93.93% of the company’s stock.

Flowserve Trading Up 3.6%

NYSE:FLS opened at $81.77 on Friday. The firm has a market capitalization of $10.45 billion, a price-to-earnings ratio of 30.28, a PEG ratio of 1.78 and a beta of 1.22. The business’s 50-day moving average price is $76.18 and its two-hundred day moving average price is $76.70. The company has a current ratio of 2.22, a quick ratio of 1.63 and a debt-to-equity ratio of 0.73. Flowserve Corporation has a 1-year low of $45.11 and a 1-year high of $92.41.

Flowserve (NYSE:FLS) last released its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.03. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.17 billion. Flowserve had a net margin of 7.61% and a return on equity of 21.46%. Flowserve’s quarterly revenue was down 6.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.72 EPS. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. On average, equities analysts expect that Flowserve Corporation will post 4.05 earnings per share 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 issued a $0.22 dividend. The ex-dividend date is Friday, June 26th. This represents a $0.88 annualized dividend and a yield of 1.1%. Flowserve’s dividend payout ratio (DPR) is 32.59%.

Analysts Set New Price Targets

Several research firms have weighed in on FLS. Royal Bank Of Canada lowered their price objective on shares of Flowserve from $98.00 to $91.00 and set an “outperform” rating for the company in a research report on Friday, May 1st. Weiss Ratings lowered shares of Flowserve from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, May 15th. Jefferies Financial Group reissued a “buy” rating and set a $90.00 price target (down from $100.00) on shares of Flowserve in a research note on Tuesday, March 31st. Zacks Research lowered shares of Flowserve from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 15th. Finally, Stifel Nicolaus set a $92.00 price objective on shares of Flowserve in a research report on Friday, May 1st. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Flowserve presently has an average rating of “Moderate Buy” and a consensus price target of $87.70.

Insider Buying and Selling at Flowserve

In other news, Director Brian D. Savoy purchased 1,000 shares of Flowserve stock in a transaction dated Thursday, May 14th. The shares were bought at an average cost of $67.34 per share, with a total value of $67,340.00. Following the completion of the transaction, the director directly owned 1,000 shares in the company, valued at $67,340. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.71% of the stock is currently owned by corporate 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.