36,794 Shares in Flowserve Corporation $FLS Acquired by Expect Equity LLC

Expect Equity LLC purchased a new stake in Flowserve Corporation (NYSE:FLS) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 36,794 shares of the industrial products company’s stock, valued at approximately $2,729,000. Flowserve makes up about 1.8% of Expect Equity LLC’s holdings, making the stock its 21st biggest position.

A number of other large investors have also recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. boosted its position in Flowserve by 1,300.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 203,715 shares of the industrial products company’s stock valued at $14,967,000 after buying an additional 189,165 shares in the last quarter. William Blair Investment Management LLC increased its holdings in shares of Flowserve by 142.4% during the fourth quarter. William Blair Investment Management LLC now owns 1,048,137 shares of the industrial products company’s stock worth $72,720,000 after buying an additional 615,769 shares in the last quarter. Hillsdale Investment Management Inc. raised its stake in shares of Flowserve by 27.8% in the fourth quarter. Hillsdale Investment Management Inc. now owns 72,950 shares of the industrial products company’s stock valued at $5,061,000 after acquiring an additional 15,850 shares during the last quarter. Horizon Investments LLC bought a new position in shares of Flowserve in the fourth quarter valued at approximately $4,826,000. Finally, Vest Financial LLC acquired a new position in shares of Flowserve in the 4th quarter worth approximately $1,501,000. 93.93% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on FLS. The Goldman Sachs Group set a $82.00 price target on Flowserve in a research report on Thursday, July 30th. Robert W. Baird set a $93.00 price objective on Flowserve in a research note on Friday, July 31st. Weiss Ratings upgraded Flowserve from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. TD Cowen cut Flowserve from a “buy” rating to a “hold” rating and cut their price target for the company from $85.00 to $70.00 in a report on Wednesday, June 24th. Finally, Citigroup reiterated a “buy” rating on shares of Flowserve in a research report on Thursday, April 30th. Seven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $86.60.

Flowserve Stock Performance

FLS stock opened at $80.67 on Wednesday. The company has a 50 day moving average price of $75.15 and a 200 day moving average price of $77.17. Flowserve Corporation has a fifty-two week low of $48.71 and a fifty-two week high of $92.41. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.15 and a quick ratio of 1.58. The stock has a market capitalization of $10.25 billion, a PE ratio of 28.31, a price-to-earnings-growth ratio of 1.79 and a beta of 1.23.

Flowserve (NYSE:FLS) last announced its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.09. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.16 billion. Flowserve had a return on equity of 21.42% and a net margin of 8.01%.The business’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period last year, the company earned $0.91 EPS. Flowserve has set its FY 2026 guidance at 4.050-4.200 EPS. Analysts forecast that Flowserve Corporation will post 4.1 EPS for the current year.

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.