Clearbridge Investments LLC Decreases Holdings in Flowserve Corporation $FLS

Clearbridge Investments LLC lowered its position in Flowserve Corporation (NYSE:FLS) by 26.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 288,701 shares of the industrial products company’s stock after selling 102,776 shares during the quarter. Clearbridge Investments LLC owned about 0.23% of Flowserve worth $20,030,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in FLS. Northwestern Mutual Wealth Management Co. lifted its position in Flowserve by 1,300.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 203,715 shares of the industrial products company’s stock worth $14,967,000 after buying an additional 189,165 shares during the last quarter. Hillsdale Investment Management Inc. bought a new stake in Flowserve in the third quarter valued at approximately $3,034,000. Dynamic Technology Lab Private Ltd bought a new stake in Flowserve in the third quarter valued at approximately $2,343,000. Exchange Traded Concepts LLC lifted its stake in Flowserve by 19.2% in the fourth quarter. Exchange Traded Concepts LLC now owns 128,436 shares of the industrial products company’s stock worth $8,911,000 after acquiring an additional 20,725 shares during the period. Finally, Fox Run Management L.L.C. purchased a new stake in Flowserve in the third quarter worth $1,803,000. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Flowserve Stock Performance

NYSE FLS opened at $75.89 on Wednesday. The company has a market cap of $9.70 billion, a P/E ratio of 28.11, a P/E/G ratio of 1.68 and a beta of 1.22. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.63 and a current ratio of 2.22. The business’s 50 day moving average price is $75.61 and its 200-day moving average price is $76.24. Flowserve Corporation has a fifty-two week low of $45.11 and a fifty-two week high of $92.41.

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

Flowserve Dividend Announcement

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 issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, June 26th. Flowserve’s dividend payout ratio is 32.59%.

Insider Activity

In other news, Director Brian D. Savoy bought 1,000 shares of the stock in a transaction dated Thursday, May 14th. The shares were acquired at an average cost of $67.34 per share, with a total value of $67,340.00. Following the purchase, the director directly owned 1,000 shares in the company, valued at $67,340. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.71% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on FLS shares. Royal Bank Of Canada decreased their price objective on Flowserve from $98.00 to $91.00 and set an “outperform” rating for the company in a report on Friday, May 1st. TD Cowen reissued a “buy” rating on shares of Flowserve in a research note on Friday, May 1st. Weiss Ratings cut Flowserve from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, May 15th. Citigroup reaffirmed a “buy” rating on shares of Flowserve in a research report on Thursday, April 30th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $83.00 price objective on shares of Flowserve in a research report on Thursday, April 30th. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Flowserve currently has an average rating of “Moderate Buy” and a consensus price target of $87.70.

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.