7,900 Flowserve Corporation $FLS Shares Sold by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al decreased its holdings in shares of Flowserve Corporation (NYSE:FLS) by 11.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 63,100 shares of the industrial products company’s stock after selling 7,900 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Flowserve were worth $4,614,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in FLS. BlackRock Inc. acquired a new stake in shares of Flowserve during the second quarter worth $999,631,000. PointState Capital LP acquired a new position in shares of Flowserve in the 2nd quarter valued at about $196,837,000. Bank of New York Mellon Corp boosted its holdings in shares of Flowserve by 5.1% in the 1st quarter. Bank of New York Mellon Corp now owns 2,448,977 shares of the industrial products company’s stock valued at $180,024,000 after buying an additional 118,254 shares during the period. Bank of America Corp DE bought a new stake in shares of Flowserve during the 2nd quarter valued at about $144,400,000. Finally, William Blair Investment Management LLC bought a new stake in shares of Flowserve during the 2nd quarter valued at about $84,869,000. Institutional investors own 93.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Stifel Nicolaus raised their target price on shares of Flowserve from $92.00 to $94.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Wall Street Zen upgraded Flowserve from a “hold” rating to a “buy” rating in a research note on Saturday. Weiss Ratings raised Flowserve from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 21st. Robert W. Baird set a $93.00 price objective on Flowserve in a research report on Friday, July 31st. Finally, Mizuho lowered their price objective on Flowserve from $91.00 to $85.00 and set an “outperform” rating for the company in a research note on Thursday, October 15th. Seven analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $86.00.

Trending Headlines about Flowserve

Here are the key news stories impacting Flowserve this week:

• Positive Sentiment: Analysts raised their targets and ratings. Citigroup increased its price target from $92 to $93 and assigned a “buy” rating, while Royal Bank of Canada raised its target from $88 to $98 and upgraded the stock to “outperform.” The new targets imply approximately 17.5% to 23.8% potential upside from the referenced share price. Citigroup Flowserve rating Royal Bank of Canada Flowserve rating
• Positive Sentiment: Third-quarter earnings exceeded expectations. Flowserve reported adjusted earnings of $1.07 per share, above the $0.98 analyst consensus and up from $0.90 a year earlier. Revenue was approximately $1.24 billion, in line with estimates and 5.4% higher year over year, while the company delivered its fifth consecutive earnings beat. Flowserve third-quarter earnings
• Neutral Sentiment: Full-year 2026 guidance was updated. Flowserve now expects EPS of $4.10 to $4.20, modestly above the $4.10 consensus at the midpoint. Revenue guidance of $4.8 billion to $4.9 billion reaches the $4.9 billion consensus only at the high end, indicating limited room for upside on sales. Flowserve revised 2026 guidance
• Negative Sentiment: Valuation and guidance caution may weigh on the stock. With a reported price-to-earnings ratio near 40, investors may require stronger revenue growth or additional guidance increases to justify further gains. The possibility that full-year revenue lands below the consensus estimate appears to have offset the earnings beat and bullish analyst actions.

Flowserve Trading Up 0.2%

Flowserve stock opened at $79.17 on Monday. Flowserve Corporation has a 52-week low of $63.27 and a 52-week high of $92.41. The company has a quick ratio of 1.53, a current ratio of 2.10 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $10.04 billion, a price-to-earnings ratio of 39.78, a PEG ratio of 1.76 and a beta of 1.23. The firm has a 50-day moving average price of $74.30 and a two-hundred day moving average price of $76.42.

Flowserve (NYSE:FLS) last released its quarterly earnings results on Wednesday, October 28th. The industrial products company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.09. The company had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.24 billion. Flowserve had a return on equity of 22.14% and a net margin of 5.42%. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.90 earnings per share. Sell-side analysts expect that Flowserve Corporation will post 4.12 earnings per share for the current year.

Flowserve Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 9th. Shareholders of record on Friday, September 25th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, September 25th. This represents a $0.88 annualized dividend and a yield of 1.1%. Flowserve’s payout ratio is presently 44.22%.

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.