Comprehensive Money Management Services LLC Takes Position in Flowserve Corporation $FLS

Comprehensive Money Management Services LLC purchased a new position in Flowserve Corporation (NYSE:FLS) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 9,918 shares of the industrial products company’s stock, valued at approximately $736,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Flowserve in the second quarter worth approximately $34,000. Global Retirement Partners LLC purchased a new stake in Flowserve during the second quarter worth $38,000. Atlas Capital Advisors Inc. purchased a new stake in Flowserve during the fourth quarter worth $36,000. BOKF NA bought a new stake in Flowserve during the 3rd quarter valued at $28,000. Finally, Keating Financial Advisory Services Inc. bought a new stake in Flowserve during the 2nd quarter valued at $48,000. 93.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

FLS has been the subject of a number of recent research reports. Stifel Nicolaus raised their price target on shares of Flowserve from $92.00 to $94.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Robert W. Baird set a $93.00 price objective on shares of Flowserve in a report on Friday, July 31st. Royal Bank Of Canada increased their price objective on shares of Flowserve from $91.00 to $94.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Weiss Ratings cut shares of Flowserve from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday. Finally, TD Cowen downgraded shares of Flowserve from a “buy” rating to a “hold” rating and decreased their target price for the company from $85.00 to $70.00 in a research report on Wednesday, June 24th. Six analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.60.

Flowserve Stock Down 0.9%

Shares of FLS stock opened at $82.03 on Friday. The stock has a 50 day moving average of $75.23 and a 200 day moving average of $77.17. The company has a current ratio of 2.15, a quick ratio of 1.58 and a debt-to-equity ratio of 0.91. The stock has a market cap of $10.43 billion, a P/E ratio of 28.78, a P/E/G ratio of 1.84 and a beta of 1.23. Flowserve Corporation has a twelve month low of $48.71 and a twelve month high of $92.41.

Flowserve (NYSE:FLS) last announced its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.09. Flowserve had a return on equity of 21.42% and a net margin of 8.01%.The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the previous year, the company posted $0.91 earnings per share. Flowserve’s revenue for the quarter was down 1.6% on a year-over-year basis. Flowserve has set its FY 2026 guidance at 4.050-4.200 EPS. As a group, sell-side analysts expect that Flowserve Corporation will post 4.1 EPS for the current year.

Flowserve Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Friday, September 25th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Friday, September 25th. Flowserve’s payout ratio is currently 30.88%.

Flowserve 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.