Advisors Preferred LLC Takes Position in Flowserve Corporation $FLS

Advisors Preferred LLC acquired a new stake in Flowserve Corporation (NYSE:FLS) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 19,300 shares of the industrial products company’s stock, valued at approximately $1,018,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. First Horizon Advisors Inc. bought a new position in shares of Flowserve during the second quarter valued at $26,000. Hantz Financial Services Inc. grew its position in Flowserve by 149.8% during the 2nd quarter. Hantz Financial Services Inc. now owns 697 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 418 shares during the last quarter. Bruce G. Allen Investments LLC acquired a new stake in Flowserve during the 3rd quarter valued at $40,000. Toth Financial Advisory Corp bought a new position in Flowserve in the 3rd quarter valued at $53,000. Finally, CENTRAL TRUST Co acquired a new position in Flowserve in the third quarter worth $61,000. Institutional investors own 93.93% of the company’s stock.

Flowserve Stock Up 0.8%

Shares of NYSE:FLS opened at $88.90 on Friday. 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 stock has a market cap of $11.31 billion, a price-to-earnings ratio of 33.93, a P/E/G ratio of 1.98 and a beta of 1.29. The company has a 50 day moving average of $77.18 and a 200-day moving average of $65.52. Flowserve Corporation has a one year low of $37.34 and a one year high of $91.31.

Flowserve (NYSE:FLS) last announced its quarterly earnings data on Thursday, February 5th. The industrial products company reported $1.11 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.17. Flowserve had a net margin of 7.32% and a return on equity of 21.19%. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same period in the prior year, the business posted $0.70 earnings per share. Flowserve’s revenue was up 3.5% compared to the same quarter last year. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. On average, sell-side analysts forecast that Flowserve Corporation will post 3.18 earnings per share for the current year.

Flowserve Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Friday, March 27th will be given a $0.22 dividend. The ex-dividend date is Friday, March 27th. This represents a $0.88 annualized dividend and a dividend yield of 1.0%. This is an increase from Flowserve’s previous quarterly dividend of $0.21. Flowserve’s dividend payout ratio is 32.06%.

Analyst Ratings Changes

A number of analysts have recently weighed in on FLS shares. UBS Group raised their target price on Flowserve from $65.00 to $82.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. Wall Street Zen cut shares of Flowserve from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Robert W. Baird set a $98.00 target price on shares of Flowserve in a research report on Monday, February 9th. Bank of America reissued a “neutral” rating and issued a $73.00 price target (up previously from $60.00) on shares of Flowserve in a report on Friday, November 14th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Flowserve in a report on Thursday. Eight investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $88.80.

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.