8,685 Shares in Flowserve Corporation $FLS Acquired by DUTCH ASSET Corp

DUTCH ASSET Corp acquired a new stake in Flowserve Corporation (NYSE:FLS) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 8,685 shares of the industrial products company’s stock, valued at approximately $603,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Atlas Capital Advisors Inc. bought a new position in shares of Flowserve in the fourth quarter worth $36,000. BOKF NA purchased a new position in shares of Flowserve in the third quarter valued at $28,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Flowserve during the 3rd quarter valued at $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 valued at $46,000 after purchasing an additional 163 shares during the period. Finally, Parallel Advisors LLC lifted its holdings in 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. Institutional investors own 93.93% of the company’s stock.

Insiders Place Their Bets

In related news, Director Brian D. Savoy acquired 1,000 shares of Flowserve stock in a transaction dated Thursday, May 14th. The shares were purchased at an average price of $67.34 per share, for a total transaction of $67,340.00. Following the completion of the transaction, the director directly owned 1,000 shares in the company, valued at approximately $67,340. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.71% of the company’s stock.

Flowserve Trading Up 0.1%

FLS opened at $81.77 on Friday. Flowserve Corporation has a one year low of $45.11 and a one year high of $92.41. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.22 and a quick ratio of 1.63. The business has a 50 day simple moving average of $76.16 and a two-hundred day simple moving average of $76.74. The firm has a market capitalization of $10.45 billion, a price-to-earnings ratio of 30.28, a PEG ratio of 1.84 and a beta of 1.22.

Flowserve (NYSE:FLS) last posted its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $0.85 EPS 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.72 earnings per share. 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 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 of this dividend is Friday, June 26th. This represents a $0.88 dividend on an annualized basis and a yield of 1.1%. Flowserve’s dividend payout ratio is currently 32.59%.

Analysts Set New Price Targets

Several research analysts have commented on the company. Wall Street Zen downgraded Flowserve from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Stifel Nicolaus set a $92.00 price target on shares of Flowserve in a report on Friday, May 1st. Royal Bank Of Canada cut 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. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $83.00 price objective on shares of Flowserve in a research note on Thursday, April 30th. Finally, Citigroup reaffirmed a “buy” rating on shares of Flowserve in a report on Thursday, April 30th. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $87.70.

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.