Cookson Peirce & Co. Inc. Grows Stock Holdings in Flowserve Corporation $FLS

Cookson Peirce & Co. Inc. boosted its holdings in shares of Flowserve Corporation (NYSE:FLS) by 1,037.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 166,736 shares of the industrial products company’s stock after buying an additional 152,073 shares during the quarter. Cookson Peirce & Co. Inc. owned approximately 0.13% of Flowserve worth $11,568,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. UBS Group AG grew its position in Flowserve by 67.8% during the third quarter. UBS Group AG now owns 4,146,917 shares of the industrial products company’s stock valued at $220,367,000 after buying an additional 1,676,284 shares during the period. AQR Capital Management LLC grew its position in Flowserve by 9.9% during the third quarter. AQR Capital Management LLC now owns 3,230,118 shares of the industrial products company’s stock valued at $171,648,000 after buying an additional 290,226 shares during the period. Earnest Partners LLC grew its position in Flowserve by 5.0% during the third quarter. Earnest Partners LLC now owns 2,885,879 shares of the industrial products company’s stock valued at $153,356,000 after buying an additional 136,867 shares during the period. Dimensional Fund Advisors LP grew its position in Flowserve by 0.9% during the third quarter. Dimensional Fund Advisors LP now owns 2,445,860 shares of the industrial products company’s stock valued at $129,974,000 after buying an additional 20,884 shares during the period. Finally, Bank of New York Mellon Corp grew its position in Flowserve by 36.7% during the fourth quarter. Bank of New York Mellon Corp now owns 2,330,723 shares of the industrial products company’s stock valued at $161,706,000 after buying an additional 626,100 shares during the period. 93.93% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Royal Bank Of Canada cut their target price on shares of Flowserve from $98.00 to $91.00 and set an “outperform” rating for the company in a research report on Friday, May 1st. Zacks Research lowered shares of Flowserve from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 15th. Citigroup reiterated a “buy” rating on shares of Flowserve in a research report on Thursday, April 30th. TD Cowen reiterated a “buy” rating on shares of Flowserve in a research report on Friday, May 1st. Finally, Wall Street Zen lowered shares of Flowserve from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Flowserve currently has an average rating of “Moderate Buy” and a consensus target price of $87.70.

Flowserve Stock Performance

FLS opened at $73.41 on Friday. The firm has a market cap of $9.38 billion, a P/E ratio of 27.19, a PEG ratio of 1.65 and a beta of 1.22. Flowserve Corporation has a 1-year low of $45.11 and a 1-year high of $92.41. The company has a 50 day simple moving average of $75.50 and a two-hundred day simple moving average of $76.05. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.22 and a quick ratio of 1.63.

Flowserve (NYSE:FLS) last posted its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.03. Flowserve had a net margin of 7.61% and a return on equity of 21.46%. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same period in the prior year, the business posted $0.72 earnings per share. The company’s revenue was down 6.7% on a year-over-year basis. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. Equities analysts forecast that Flowserve Corporation will post 4.05 earnings per share for the current fiscal year.

Flowserve Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Friday, June 26th. This represents a $0.88 dividend on an annualized basis and a yield of 1.2%. Flowserve’s dividend payout ratio is presently 32.59%.

Insider Transactions at Flowserve

In other Flowserve news, Director Brian D. Savoy purchased 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The shares were bought at an average price of $67.34 per share, with a total value of $67,340.00. Following the completion of the purchase, the director directly owned 1,000 shares in the company, valued at $67,340. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.71% of the stock is currently owned by insiders.

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.