MASTERINVEST Kapitalanlage GmbH Makes New Investment in Flowserve Corporation $FLS

MASTERINVEST Kapitalanlage GmbH acquired a new position in Flowserve Corporation (NYSE:FLS) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 14,954 shares of the industrial products company’s stock, valued at approximately $1,109,000.

Other institutional investors have also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Flowserve during the 2nd quarter worth $34,000. Global Retirement Partners LLC bought a new position in Flowserve during the second quarter worth about $38,000. Atlas Capital Advisors Inc. bought a new position in Flowserve during the fourth quarter worth about $36,000. BOKF NA purchased a new position in shares of Flowserve in the third quarter worth about $28,000. Finally, Keating Financial Advisory Services Inc. purchased a new position in shares of Flowserve in the second quarter worth about $48,000. Institutional investors own 93.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on FLS. TD Cowen cut shares of Flowserve from a “buy” rating to a “hold” rating and dropped their price target for the company from $85.00 to $70.00 in a research note on Wednesday, June 24th. Weiss Ratings cut shares of Flowserve from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday. The Goldman Sachs Group set a $82.00 price target on Flowserve in a report on Thursday, July 30th. Royal Bank Of Canada increased their price objective on Flowserve from $91.00 to $94.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Finally, Robert W. Baird set a $93.00 target price on Flowserve in a report on Friday, July 31st. Six analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.60.

Flowserve Stock Down 1.8%

FLS opened at $80.49 on Friday. The business’s fifty day simple moving average is $75.20 and its 200 day simple moving average is $77.19. Flowserve Corporation has a 52 week low of $48.71 and a 52 week high of $92.41. The company has a quick ratio of 1.58, a current ratio of 2.15 and a debt-to-equity ratio of 0.91. The stock has a market cap of $10.23 billion, a PE ratio of 28.24, a P/E/G ratio of 1.82 and a beta of 1.23.

Flowserve (NYSE:FLS) last issued its earnings results on Wednesday, July 29th. The industrial products company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.09. Flowserve had a return on equity of 21.42% and a net margin of 8.01%.The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the prior year, the firm earned $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, research analysts expect that Flowserve Corporation will post 4.1 earnings per share for the current fiscal year.

Flowserve Dividend Announcement

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

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.