Los Angeles Capital Management LLC Acquires 6,898 Shares of Flowserve Corporation $FLS

Los Angeles Capital Management LLC lifted its holdings in Flowserve Corporation (NYSE:FLS) by 2.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 296,330 shares of the industrial products company’s stock after buying an additional 6,898 shares during the period. Los Angeles Capital Management LLC owned about 0.23% of Flowserve worth $19,958,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Goldman Sachs Group Inc. grew its holdings in Flowserve by 48.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 471,893 shares of the industrial products company’s stock valued at $23,047,000 after purchasing an additional 153,553 shares during the last quarter. Sivia Capital Partners LLC bought a new position in Flowserve during the 2nd quarter valued at about $313,000. First Trust Advisors LP grew its holdings in Flowserve by 6.0% during 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 last quarter. Cresset Asset Management LLC grew its holdings in Flowserve by 24.1% during 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 last quarter. Finally, California Public Employees Retirement System grew its holdings in 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 during the last quarter. 93.93% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Flowserve

In other Flowserve news, Director Brian D. Savoy purchased 1,000 shares of the stock in a transaction dated Thursday, May 14th. The stock was purchased at an average price of $67.34 per share, with a total value of $67,340.00. Following the transaction, the director owned 1,000 shares of the company’s stock, valued at approximately $67,340. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.71% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Stifel Nicolaus set a $92.00 price target on shares of Flowserve in a report on Friday, May 1st. Wall Street Zen downgraded shares of Flowserve from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Royal Bank Of Canada cut 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. Mizuho upped their price target on shares of Flowserve from $74.00 to $91.00 and gave the company an “outperform” rating in a report on Monday, February 9th. Finally, Robert W. Baird set a $98.00 price target on shares of Flowserve in a report on Monday, February 9th. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $87.70.

Flowserve Price Performance

Shares of FLS stock opened at $73.41 on Monday. Flowserve Corporation has a twelve month low of $45.11 and a twelve month high of $92.41. 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 stock has a fifty day simple moving average of $75.50 and a two-hundred day simple moving average of $76.12. The stock has a market capitalization of $9.38 billion, a price-to-earnings ratio of 27.19, a P/E/G ratio of 1.65 and a beta of 1.22.

Flowserve (NYSE:FLS) last posted its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $1.17 billion. During the same quarter in the prior year, the company earned $0.72 EPS. The business’s revenue was down 6.7% compared to the same quarter last year. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. On average, analysts predict that Flowserve Corporation will post 4.05 EPS for the current fiscal year.

Flowserve Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Friday, June 26th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, June 26th. Flowserve’s dividend payout ratio is presently 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.