Flowserve Corporation $FLS Shares Purchased by Inspire Investing LLC

Inspire Investing LLC lifted its position in Flowserve Corporation (NYSE:FLS) by 14.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 89,631 shares of the industrial products company’s stock after acquiring an additional 11,044 shares during the period. Inspire Investing LLC owned 0.07% of Flowserve worth $6,554,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Pension & Wealth Management Advisors Inc. purchased a new stake in Flowserve in the third quarter worth $33,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Flowserve in the second quarter worth $34,000. Global Retirement Partners LLC purchased a new position in Flowserve during the second quarter valued at $38,000. Root Financial Partners LLC purchased a new position in Flowserve during the third quarter valued at $41,000. Finally, Keating Financial Advisory Services Inc. purchased a new position in Flowserve during the second quarter valued at $48,000. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Flowserve Stock Up 0.6%

Shares of NYSE:FLS opened at $68.20 on Friday. The stock has a fifty day simple moving average of $74.74 and a two-hundred day simple moving average of $75.10. The stock has a market capitalization of $8.67 billion, a price-to-earnings ratio of 23.93, a PEG ratio of 1.51 and a beta of 1.23. Flowserve Corporation has a 12-month low of $52.37 and a 12-month high of $92.41. The company has a current ratio of 2.15, a quick ratio of 1.58 and a debt-to-equity ratio of 0.91.

Flowserve (NYSE:FLS) last issued its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.09. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. Flowserve had a return on equity of 21.42% and a net margin of 8.01%. The company’s revenue was down 1.6% on a year-over-year basis. During the same period last year, the company earned $0.91 earnings per share. Flowserve has set its FY 2026 guidance at 4.050-4.200 EPS. On average, research analysts anticipate that Flowserve Corporation will post 4.10 earnings per share for the current fiscal year.

Flowserve Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 9th. Shareholders of record on Friday, September 25th were issued a $0.22 dividend. The ex-dividend date of this dividend was Friday, September 25th. This represents a $0.88 annualized dividend and a yield of 1.3%. Flowserve’s payout ratio is 30.88%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Royal Bank Of Canada reduced their target price on shares of Flowserve from $94.00 to $88.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 14th. The Goldman Sachs Group set a $82.00 price target on shares of Flowserve in a research note on Thursday, July 30th. Mizuho lowered their price target on shares of Flowserve from $91.00 to $85.00 and set an “outperform” rating for the company in a research report on Thursday, October 15th. Stifel Nicolaus boosted their price objective on shares of Flowserve from $92.00 to $94.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Finally, Weiss Ratings raised shares of Flowserve from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday. Seven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $85.40.

About Flowserve

Flowserve Corporation is a global manufacturer of flow-control equipment and related services. The company designs, produces and services pumps, valves, mechanical seals and associated systems used to move, control and protect fluids in industrial processes.

Its products and services support applications across the energy, chemical and petrochemical, water, pharmaceutical, mining, power and general industrial markets. Flowserve also provides aftermarket services, including equipment repair, maintenance, upgrades and replacement parts, helping customers improve the reliability and efficiency of their operations.

Headquartered in Irving, Texas, Flowserve serves customers through manufacturing, sales and service operations in North America, Europe, Asia and other international markets.