Pacer Advisors Inc. Increases Stake in Flowserve Corporation $FLS

Pacer Advisors Inc. raised its position in Flowserve Corporation (NYSE:FLS) by 43.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 33,923 shares of the industrial products company’s stock after acquiring an additional 10,221 shares during the period. Pacer Advisors Inc.’s holdings in Flowserve were worth $2,354,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC raised its holdings 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 worth $222,000 after purchasing an additional 157 shares in the last quarter. Parallel Advisors LLC boosted its holdings in Flowserve by 20.1% in the 3rd quarter. Parallel Advisors LLC now owns 968 shares of the industrial products company’s stock valued at $51,000 after purchasing an additional 162 shares in the last quarter. IFP Advisors Inc boosted its holdings in Flowserve by 24.4% in the 3rd quarter. IFP Advisors Inc now owns 830 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 163 shares in the last quarter. Inspire Advisors LLC increased its position in Flowserve by 3.7% during the 4th quarter. Inspire Advisors LLC now owns 4,667 shares of the industrial products company’s stock worth $324,000 after purchasing an additional 165 shares during the period. Finally, UMB Bank n.a. increased its position in Flowserve by 8.1% during the 4th quarter. UMB Bank n.a. now owns 2,230 shares of the industrial products company’s stock worth $155,000 after purchasing an additional 168 shares during the period. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on FLS shares. TD Cowen reissued a “buy” rating on shares of Flowserve in a report on Friday, May 1st. Jefferies Financial Group reaffirmed a “buy” rating and set a $90.00 price objective (down from $100.00) on shares of Flowserve in a report on Tuesday, March 31st. Zacks Research cut Flowserve from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 15th. The Goldman Sachs Group reissued a “neutral” rating and issued a $83.00 target price on shares of Flowserve in a report on Thursday, April 30th. 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 equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $87.70.

Insider Buying and Selling at Flowserve

In other news, Director Brian D. Savoy purchased 1,000 shares of the business’s stock in a transaction dated Thursday, May 14th. The stock was acquired at an average price of $67.34 per share, with a total value of $67,340.00. Following the purchase, the director directly owned 1,000 shares of the company’s stock, valued at $67,340. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.71% of the stock is currently owned by corporate insiders.

Flowserve Price Performance

Shares of NYSE:FLS opened at $80.02 on Wednesday. The business’s 50 day simple moving average is $76.02 and its 200-day simple moving average is $76.93. The firm has a market capitalization of $10.23 billion, a price-to-earnings ratio of 29.64, a price-to-earnings-growth ratio of 1.84 and a beta of 1.22. 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 Corporation has a 12 month low of $46.63 and a 12 month high of $92.41.

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

Flowserve Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Friday, June 26th will be given a $0.22 dividend. The ex-dividend date is Friday, June 26th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.1%. Flowserve’s dividend payout ratio (DPR) is currently 32.59%.

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.