Flowserve Corporation $FLS is Expect Equity LLC’s 4th Largest Position

Expect Equity LLC reduced its holdings in Flowserve Corporation (NYSE:FLS) by 15.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 51,924 shares of the industrial products company’s stock after selling 9,335 shares during the period. Flowserve makes up 3.5% of Expect Equity LLC’s portfolio, making the stock its 4th largest holding. Expect Equity LLC’s holdings in Flowserve were worth $3,602,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in FLS. Goldman Sachs Group Inc. grew its stake in shares of Flowserve by 48.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 471,893 shares of the industrial products company’s stock worth $23,047,000 after buying an additional 153,553 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in shares of Flowserve in the 2nd quarter worth $313,000. First Trust Advisors LP grew its stake in shares of Flowserve by 6.0% in the 2nd quarter. First Trust Advisors LP now owns 134,484 shares of the industrial products company’s stock worth $7,040,000 after buying an additional 7,624 shares in the last quarter. Cresset Asset Management LLC grew its stake in shares of Flowserve by 24.1% in the 2nd quarter. Cresset Asset Management LLC now owns 14,246 shares of the industrial products company’s stock worth $749,000 after buying an additional 2,769 shares in the last quarter. Finally, California Public Employees Retirement System grew its stake in shares of Flowserve by 10.5% in the 2nd quarter. California Public Employees Retirement System now owns 232,848 shares of the industrial products company’s stock worth $12,190,000 after buying an additional 22,108 shares in the last quarter. 93.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

FLS has been the subject of a number of recent research reports. Citigroup reissued a “buy” rating on shares of Flowserve in a research note on Thursday, April 30th. Stifel Nicolaus set a $92.00 price target on shares of Flowserve in a research note on Friday, May 1st. TD Cowen reaffirmed a “buy” rating on shares of Flowserve in a research note on Friday, May 1st. Zacks Research cut shares of Flowserve from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 15th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $83.00 price target on shares of Flowserve in a research note on Thursday, April 30th. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Flowserve currently has an average rating of “Moderate Buy” and an average target price of $87.70.

Flowserve Price Performance

FLS stock opened at $79.00 on Thursday. Flowserve Corporation has a 12 month low of $45.11 and a 12 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 company has a 50-day moving average price of $76.09 and a 200 day moving average price of $76.63. The stock has a market cap of $10.10 billion, a PE ratio of 29.26, a P/E/G ratio of 1.81 and a beta of 1.22.

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

Flowserve Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 26th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Friday, June 26th. Flowserve’s payout ratio is 32.59%.

Insider Transactions at Flowserve

In related news, Director Brian D. Savoy acquired 1,000 shares of the stock in a transaction on Thursday, May 14th. The stock was bought at an average cost of $67.34 per share, with a total value of $67,340.00. Following the transaction, the director directly owned 1,000 shares in the company, valued at approximately $67,340. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.71% of the stock is currently owned by company insiders.

Flowserve Company Profile

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.