BI Asset Management Fondsmaeglerselskab A S Invests $3.02 Million in Flowserve Corporation $FLS

BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Flowserve Corporation (NYSE:FLS) during the 1st quarter, Holdings Channel reports. The institutional investor acquired 41,011 shares of the industrial products company’s stock, valued at approximately $3,015,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its position in 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 buying an additional 157 shares in the last quarter. Parallel Advisors LLC grew its stake in 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 buying an additional 162 shares during the period. IFP Advisors Inc increased its position in shares of Flowserve by 24.4% in the third quarter. IFP Advisors Inc now owns 830 shares of the industrial products company’s stock worth $46,000 after acquiring an additional 163 shares in the last quarter. Inspire Advisors LLC increased its position in shares of Flowserve by 3.7% in the fourth quarter. Inspire Advisors LLC now owns 4,667 shares of the industrial products company’s stock worth $324,000 after acquiring an additional 165 shares in the last quarter. Finally, UMB Bank n.a. raised its stake in shares of Flowserve by 8.1% in the 4th quarter. UMB Bank n.a. now owns 2,230 shares of the industrial products company’s stock valued at $155,000 after acquiring an additional 168 shares during the period. Institutional investors and hedge funds own 93.93% of the company’s stock.

Flowserve Trading Down 0.0%

NYSE FLS opened at $81.66 on Tuesday. Flowserve Corporation has a 12 month low of $45.11 and a 12 month high of $92.41. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.22 and a quick ratio of 1.63. The company has a market capitalization of $10.44 billion, a price-to-earnings ratio of 30.25, a price-to-earnings-growth ratio of 1.84 and a beta of 1.23. The company’s fifty day moving average price is $76.10 and its two-hundred day moving average price is $76.86.

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

Flowserve Announces Dividend

The company also recently disclosed 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 1.1%. The ex-dividend date of this dividend is Friday, June 26th. Flowserve’s payout ratio is currently 32.59%.

Insider Transactions at Flowserve

In other news, Director Brian D. Savoy bought 1,000 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was bought at an average price of $67.34 per share, for a total transaction 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 purchase was disclosed in a filing with the SEC, which is accessible through this link. 0.71% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Stifel Nicolaus set a $92.00 target price on shares of Flowserve in a report on Friday, May 1st. Jefferies Financial Group reiterated a “buy” rating and issued a $90.00 price target (down from $100.00) on shares of Flowserve in a report on Tuesday, March 31st. Weiss Ratings lowered Flowserve from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, May 15th. Zacks Research cut Flowserve from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 15th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Flowserve in a research report on Friday, May 1st. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Flowserve has an average rating of “Moderate Buy” and an average 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.