Brian Low Financial Group LLC Takes $1.01 Million Position in Flowserve Corporation $FLS

Brian Low Financial Group LLC bought a new position in shares of Flowserve Corporation (NYSE:FLS) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 18,942 shares of the industrial products company’s stock, valued at approximately $1,007,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. TD Private Client Wealth LLC purchased a new stake in Flowserve during the 2nd quarter worth approximately $25,000. First Horizon Advisors Inc. acquired a new stake in shares of Flowserve during the second quarter worth approximately $26,000. Hilltop National Bank bought a new stake in shares of Flowserve in the second quarter worth $31,000. IFP Advisors Inc raised its holdings in Flowserve by 1,289.6% in the second quarter. IFP Advisors Inc now owns 667 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 619 shares in the last quarter. Finally, Hantz Financial Services Inc. raised its holdings in Flowserve by 149.8% in the second quarter. Hantz Financial Services Inc. now owns 697 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 418 shares in the last quarter. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Flowserve Price Performance

NYSE FLS opened at $71.03 on Friday. The company has a current ratio of 2.10, a quick ratio of 1.54 and a debt-to-equity ratio of 0.62. Flowserve Corporation has a 1 year low of $37.34 and a 1 year high of $74.63. The company has a market cap of $9.03 billion, a PE ratio of 20.65, a PEG ratio of 1.44 and a beta of 1.30. The stock’s 50-day moving average price is $67.51 and its two-hundred day moving average price is $57.99.

Flowserve (NYSE:FLS) last released its earnings results on Tuesday, October 28th. The industrial products company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.10. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.21 billion. Flowserve had a net margin of 9.66% and a return on equity of 19.41%. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period last year, the firm posted $0.62 earnings per share. Flowserve has set its FY 2025 guidance at 3.400-3.500 EPS. On average, analysts predict that Flowserve Corporation will post 3.18 EPS for the current year.

Flowserve Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 9th. Investors of record on Friday, December 26th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, December 26th. Flowserve’s dividend payout ratio (DPR) is currently 24.42%.

Insider Buying and Selling

In other news, insider Susan Claire Hudson sold 10,667 shares of Flowserve stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $70.01, for a total transaction of $746,796.67. Following the sale, the insider directly owned 6,589 shares in the company, valued at approximately $461,295.89. The trade was a 61.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Amy B. Schwetz sold 47,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $71.02, for a total value of $3,337,940.00. Following the transaction, the chief financial officer owned 52,628 shares of the company’s stock, valued at $3,737,640.56. This trade represents a 47.18% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 59,276 shares of company stock worth $4,196,578 in the last quarter. 0.76% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on FLS shares. Jefferies Financial Group lifted their price target on Flowserve from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Wednesday, December 10th. Wall Street Zen lowered Flowserve from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 28th. TD Cowen raised their price objective on shares of Flowserve from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Flowserve in a report on Wednesday, October 8th. Finally, The Goldman Sachs Group upped their price target on shares of Flowserve from $71.00 to $80.00 and gave the company a “neutral” rating in a report on Tuesday, December 16th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $77.20.

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.