Vaughan Nelson Investment Management L.P. Boosts Position in Flowserve Corporation $FLS

Vaughan Nelson Investment Management L.P. grew its stake in shares of Flowserve Corporation (NYSE:FLS) by 7.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 699,295 shares of the industrial products company’s stock after buying an additional 48,480 shares during the period. Vaughan Nelson Investment Management L.P.’s holdings in Flowserve were worth $51,405,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Goldman Sachs Group Inc. grew its stake in Flowserve by 48.2% during the first quarter. Goldman Sachs Group Inc. now owns 471,893 shares of the industrial products company’s stock valued at $23,047,000 after acquiring an additional 153,553 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in Flowserve in the 2nd quarter worth approximately $313,000. First Trust Advisors LP boosted its holdings in Flowserve by 6.0% in the 2nd quarter. First Trust Advisors LP now owns 134,484 shares of the industrial products company’s stock valued at $7,040,000 after purchasing an additional 7,624 shares during the period. Cresset Asset Management LLC boosted its holdings in Flowserve by 24.1% in the 2nd quarter. Cresset Asset Management LLC now owns 14,246 shares of the industrial products company’s stock valued at $749,000 after purchasing an additional 2,769 shares during the period. Finally, California Public Employees Retirement System grew its position in shares of Flowserve by 10.5% during the 2nd quarter. California Public Employees Retirement System now owns 232,848 shares of the industrial products company’s stock valued at $12,190,000 after purchasing an additional 22,108 shares in the last quarter. 93.93% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Brian D. Savoy bought 1,000 shares of the business’s stock in a transaction on Thursday, May 14th. The stock was acquired at an average price of $67.34 per share, with a total value of $67,340.00. Following the completion of the purchase, the director directly owned 1,000 shares in the company, valued at $67,340. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.71% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FLS. Royal Bank Of Canada decreased their price target on shares of Flowserve from $98.00 to $91.00 and set an “outperform” rating on the stock in a report on Friday, May 1st. Wall Street Zen cut Flowserve from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Stifel Nicolaus set a $92.00 price target on Flowserve in a report on Friday, May 1st. Weiss Ratings downgraded Flowserve from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, May 15th. Finally, The Goldman Sachs Group reissued a “neutral” rating and set 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 assigned a Hold rating to the company’s stock. According to data from MarketBeat, Flowserve currently has a consensus rating of “Moderate Buy” and an average target price of $87.70.

Flowserve Stock Performance

NYSE FLS opened at $81.77 on Monday. Flowserve Corporation has a 52-week low of $45.11 and a 52-week high of $92.41. The company has a fifty day moving average of $76.16 and a 200-day moving average of $76.78. The company has a market capitalization of $10.45 billion, a P/E ratio of 30.28, a P/E/G ratio of 1.84 and a beta of 1.23. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.63 and a current ratio of 2.22.

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

Flowserve Announces Dividend

The company 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. The ex-dividend date is Friday, June 26th. This represents a $0.88 annualized dividend and a dividend yield of 1.1%. Flowserve’s dividend payout ratio is 32.59%.

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.