Keystone Investors PTE Ltd. Purchases 232,365 Shares of Flowserve Corporation $FLS

Keystone Investors PTE Ltd. lifted its stake in shares of Flowserve Corporation (NYSE:FLS) by 6,114.9% during the fourth quarter, HoldingsChannel reports. The firm owned 236,165 shares of the industrial products company’s stock after acquiring an additional 232,365 shares during the quarter. Flowserve makes up 1.5% of Keystone Investors PTE Ltd.’s investment portfolio, making the stock its 19th largest position. Keystone Investors PTE Ltd.’s holdings in Flowserve were worth $16,385,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BOKF NA bought a new stake in shares of Flowserve during the 3rd quarter worth approximately $28,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Flowserve during the 3rd quarter worth approximately $36,000. IFP Advisors Inc raised its stake in shares of Flowserve by 24.4% during 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. Parallel Advisors LLC raised its stake in shares of Flowserve by 20.1% during 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. Finally, Smithfield Trust Co raised its stake in shares of Flowserve by 27.4% during the 4th quarter. Smithfield Trust Co now owns 1,019 shares of the industrial products company’s stock worth $71,000 after purchasing an additional 219 shares in the last quarter. Institutional investors own 93.93% of the company’s stock.

Flowserve Stock Up 0.0%

FLS stock opened at $78.11 on Friday. The company has a current ratio of 2.22, a quick ratio of 1.63 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $9.98 billion, a PE ratio of 28.93, a PEG ratio of 1.76 and a beta of 1.22. Flowserve Corporation has a 1-year low of $45.11 and a 1-year high of $92.41. The business’s 50 day simple moving average is $75.84 and its 200 day simple moving average is $76.38.

Flowserve (NYSE:FLS) last posted its earnings results on Wednesday, April 29th. The industrial products company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 21.46% and a net margin of 7.61%.The firm’s revenue was down 6.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.72 EPS. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. As a group, research analysts anticipate that Flowserve Corporation will post 4.05 EPS for the current year.

Flowserve Dividend Announcement

The firm also recently announced 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 of this dividend is Friday, June 26th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.1%. Flowserve’s payout ratio is presently 32.59%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on FLS. Weiss Ratings cut Flowserve from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, May 15th. Zacks Research cut Flowserve from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 15th. Wall Street Zen cut Flowserve from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. TD Cowen reiterated a “buy” rating on shares of Flowserve in a research note on Friday, May 1st. Finally, Stifel Nicolaus set a $92.00 price objective on Flowserve in a research note on Friday, May 1st. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $87.70.

Insider Buying and Selling at Flowserve

In other Flowserve news, Director Brian D. Savoy bought 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The shares were acquired at an average cost of $67.34 per share, with a total value of $67,340.00. Following the acquisition, the director owned 1,000 shares of the company’s stock, valued at $67,340. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.71% of the company’s stock.

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.