Flowserve Corporation $FLS Shares Acquired by Aptus Capital Advisors LLC

Aptus Capital Advisors LLC lifted its holdings in shares of Flowserve Corporation (NYSE:FLS) by 15.3% in the third quarter, Holdings Channel.com reports. The institutional investor owned 175,483 shares of the industrial products company’s stock after purchasing an additional 23,235 shares during the quarter. Aptus Capital Advisors LLC’s holdings in Flowserve were worth $9,325,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of FLS. EverSource Wealth Advisors LLC grew its holdings in shares of Flowserve by 3.9% during the third quarter. EverSource Wealth Advisors LLC now owns 4,181 shares of the industrial products company’s stock valued at $222,000 after purchasing an additional 157 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al boosted its stake in Flowserve by 0.5% during the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 44,128 shares of the industrial products company’s stock valued at $2,345,000 after purchasing an additional 200 shares during the period. KLP Kapitalforvaltning AS raised its holdings in shares of Flowserve by 0.7% during the third quarter. KLP Kapitalforvaltning AS now owns 27,300 shares of the industrial products company’s stock valued at $1,456,000 after buying an additional 200 shares during the last quarter. Arizona State Retirement System boosted its position in shares of Flowserve by 0.7% during the third quarter. Arizona State Retirement System now owns 38,689 shares of the industrial products company’s stock worth $2,056,000 after buying an additional 263 shares during the period. Finally, MJP Associates Inc. ADV grew its holdings in Flowserve by 6.2% in the 2nd quarter. MJP Associates Inc. ADV now owns 4,580 shares of the industrial products company’s stock worth $240,000 after buying an additional 266 shares in the last quarter. Institutional investors own 93.93% of the company’s stock.

Flowserve Stock Performance

Shares of FLS stock opened at $76.21 on Friday. Flowserve Corporation has a fifty-two week low of $37.34 and a fifty-two week high of $92.41. The stock’s 50-day moving average is $80.21 and its two-hundred day moving average is $67.73. 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 firm has a market cap of $9.70 billion, a P/E ratio of 29.09, a PEG ratio of 1.80 and a beta of 1.27.

Flowserve (NYSE:FLS) last issued 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. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.26 billion. Flowserve had a net margin of 7.32% and a return on equity of 21.19%. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.70 earnings per share. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. Analysts predict that Flowserve Corporation will post 3.18 earnings per share for the current fiscal year.

Flowserve Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Friday, March 27th will be issued a $0.22 dividend. This is a boost from Flowserve’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Friday, March 27th. This represents a $0.88 dividend on an annualized basis and a yield of 1.2%. Flowserve’s payout ratio is currently 32.06%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on FLS. Wall Street Zen raised Flowserve from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Citigroup increased their target price on shares of Flowserve from $85.00 to $98.00 and gave the company a “buy” rating in a research report on Monday, February 9th. Mizuho raised their price objective on shares of Flowserve from $74.00 to $91.00 and gave the company an “outperform” rating in a research note on Monday, February 9th. 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, February 9th. Finally, Jefferies Financial Group lifted 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. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $88.80.

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.