DUTCH ASSET Corp Acquires Shares of 8,685 Flowserve Corporation $FLS

DUTCH ASSET Corp purchased a new stake in Flowserve Corporation (NYSE:FLS) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 8,685 shares of the industrial products company’s stock, valued at approximately $603,000.

Other hedge funds also recently modified their holdings of the company. Atlas Capital Advisors Inc. acquired a new position in Flowserve in the 4th quarter worth about $36,000. BOKF NA acquired a new stake in shares of Flowserve during the third quarter valued at about $28,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Flowserve during the third quarter valued at about $36,000. IFP Advisors Inc grew its holdings in shares of Flowserve by 24.4% during the third quarter. IFP Advisors Inc now owns 830 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 163 shares during the last quarter. Finally, Parallel Advisors LLC grew its holdings in shares of Flowserve by 20.1% during the third quarter. Parallel Advisors LLC now owns 968 shares of the industrial products company’s stock worth $51,000 after purchasing an additional 162 shares during the last quarter. Institutional investors and hedge funds own 93.93% of the company’s stock.

Insider Buying and Selling at Flowserve

In other Flowserve news, Director Brian D. Savoy purchased 1,000 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The shares were acquired at an average price of $67.34 per share, with a total value of $67,340.00. Following the transaction, the director owned 1,000 shares in the company, valued at $67,340. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.71% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. The Goldman Sachs Group reiterated a “neutral” rating and issued a $83.00 price objective on shares of Flowserve in a report on Thursday, April 30th. Weiss Ratings lowered shares of Flowserve from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 15th. Stifel Nicolaus set a $92.00 price target on shares of Flowserve in a research report on Friday, May 1st. Wall Street Zen downgraded shares of Flowserve from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Finally, Citigroup reaffirmed a “buy” rating on shares of Flowserve in a research note on Thursday, April 30th. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Flowserve has a consensus rating of “Moderate Buy” and a consensus price target of $87.70.

Flowserve Stock Performance

Shares of FLS opened at $81.77 on Friday. The company has a current ratio of 2.22, a quick ratio of 1.63 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $10.45 billion, a P/E ratio of 30.28, a price-to-earnings-growth ratio of 1.84 and a beta of 1.22. The firm’s fifty day simple moving average is $76.16 and its two-hundred day simple moving average is $76.74. Flowserve Corporation has a 12 month low of $45.11 and a 12 month high of $92.41.

Flowserve (NYSE:FLS) last announced its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $0.85 EPS for the quarter, beating 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 quarter in the previous year, the business posted $0.72 EPS. Flowserve’s quarterly revenue was down 6.7% on a year-over-year basis. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. As a group, analysts predict that Flowserve Corporation will post 4.05 EPS for the current year.

Flowserve Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Friday, June 26th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Friday, June 26th. This represents a $0.88 annualized dividend and a dividend yield of 1.1%. Flowserve’s payout ratio is presently 32.59%.

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.