Allianz Asset Management GmbH Buys 26,266 Shares of Flowserve Corporation $FLS

Allianz Asset Management GmbH boosted its stake in shares of Flowserve Corporation (NYSE:FLS) by 33.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 103,690 shares of the industrial products company’s stock after buying an additional 26,266 shares during the quarter. Allianz Asset Management GmbH’s holdings in Flowserve were worth $5,510,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of FLS. First Horizon Advisors Inc. bought a new stake in shares of Flowserve during the 2nd quarter worth approximately $26,000. IFP Advisors Inc raised its position in Flowserve by 1,289.6% during the second quarter. IFP Advisors Inc now owns 667 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 619 shares in the last quarter. Hantz Financial Services Inc. lifted its stake 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 during the last quarter. Bruce G. Allen Investments LLC bought a new position in shares of Flowserve in the 3rd quarter valued at about $40,000. Finally, Toth Financial Advisory Corp acquired a new position in shares of Flowserve during the 3rd quarter worth about $53,000. 93.93% of the stock is currently owned by institutional investors.

Flowserve Stock Performance

FLS opened at $86.63 on Wednesday. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.03 and a quick ratio of 1.50. The business has a fifty day simple moving average of $74.54 and a 200 day simple moving average of $63.70. Flowserve Corporation has a 1 year low of $37.34 and a 1 year high of $87.66. The company has a market capitalization of $11.01 billion, a PE ratio of 33.07, a price-to-earnings-growth ratio of 1.91 and a beta of 1.29.

Flowserve (NYSE:FLS) last posted its earnings results on Thursday, February 5th. The industrial products company reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.17. Flowserve had a return on equity of 21.19% and a net margin of 7.32%.The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter last year, the firm earned $0.70 earnings per share. The company’s revenue was up 3.5% on a year-over-year basis. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. Research analysts expect that Flowserve Corporation will post 3.18 EPS for the current year.

Flowserve Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 9th. Shareholders of record on Friday, December 26th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Friday, December 26th. Flowserve’s dividend payout ratio is presently 32.06%.

Analysts Set New Price Targets

FLS has been the subject of several recent analyst reports. TD Cowen reiterated a “buy” rating on shares of Flowserve in a research note on Tuesday, November 4th. Robert W. Baird set a $98.00 price objective on Flowserve in a research report on Monday. Wall Street Zen downgraded Flowserve from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 28th. Jefferies Financial Group boosted their target price on Flowserve from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Wednesday, December 10th. Finally, Royal Bank Of Canada increased their price target on Flowserve from $83.00 to $96.00 and gave the company an “outperform” rating in a research note on Monday. Nine research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $88.80.

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.