Two Sigma Securities LLC Purchases Shares of 6,534 Flowserve Corporation $FLS

Two Sigma Securities LLC purchased a new stake in Flowserve Corporation (NYSE:FLS) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,534 shares of the industrial products company’s stock, valued at approximately $485,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Benjamin Edwards Inc. boosted its holdings in shares of Flowserve by 389.4% in the 2nd quarter. Benjamin Edwards Inc. now owns 13,631 shares of the industrial products company’s stock valued at $1,011,000 after buying an additional 10,846 shares in the last quarter. Alyeska Investment Group L.P. acquired a new stake in Flowserve during the 2nd quarter worth $4,049,000. Van ECK Associates Corp lifted its position in Flowserve by 4.2% in the second quarter. Van ECK Associates Corp now owns 102,497 shares of the industrial products company’s stock valued at $7,601,000 after acquiring an additional 4,114 shares during the last quarter. Comprehensive Money Management Services LLC purchased a new stake in Flowserve in the second quarter valued at $736,000. Finally, United Capital Financial Advisors LLC acquired a new position in Flowserve in the second quarter valued at $467,000. Institutional investors and hedge funds own 93.93% of the company’s stock.

Wall Street Analysts Forecast Growth

FLS has been the topic of several research reports. The Goldman Sachs Group set a $82.00 price objective on Flowserve in a report on Thursday, July 30th. Weiss Ratings cut Flowserve from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 25th. Stifel Nicolaus raised their price target on Flowserve from $92.00 to $94.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Royal Bank Of Canada lifted their price target on Flowserve from $91.00 to $94.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Finally, Robert W. Baird set a $93.00 price objective on Flowserve in a research note on Friday, July 31st. Six analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $86.60.

Flowserve Trading Up 1.5%

Shares of FLS stock opened at $77.76 on Thursday. The company has a market capitalization of $9.88 billion, a P/E ratio of 27.28, a price-to-earnings-growth ratio of 1.70 and a beta of 1.25. 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 business’s 50 day moving average is $75.19 and its two-hundred day moving average is $76.94. Flowserve Corporation has a twelve month low of $48.71 and a twelve month high of $92.41.

Flowserve (NYSE:FLS) last released its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $0.95 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 analysts’ expectations of $1.16 billion. During the same quarter in the prior year, the business earned $0.91 earnings per share. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. Flowserve has set its FY 2026 guidance at 4.050-4.200 EPS. Equities analysts forecast that Flowserve Corporation will post 4.1 EPS for the current 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 dividend of $0.22 per share. The ex-dividend date is Friday, September 25th. This represents a $0.88 dividend on an annualized basis and a yield of 1.1%. Flowserve’s dividend payout ratio is presently 30.88%.

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.