358,392 Shares in Flowserve Corporation $FLS Purchased by Aureus Asset Management LLC

Aureus Asset Management LLC bought a new stake in Flowserve Corporation (NYSE:FLS) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 358,392 shares of the industrial products company’s stock, valued at approximately $26,345,000. Flowserve comprises about 1.8% of Aureus Asset Management LLC’s holdings, making the stock its 24th largest position.

Several other hedge funds and other institutional investors also recently bought and sold shares of FLS. Goldman Sachs Group Inc. boosted its holdings in shares of Flowserve by 48.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 471,893 shares of the industrial products company’s stock valued at $23,047,000 after acquiring an additional 153,553 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of Flowserve in the second quarter worth $313,000. First Trust Advisors LP raised its holdings in shares of Flowserve by 6.0% during the second quarter. First Trust Advisors LP now owns 134,484 shares of the industrial products company’s stock worth $7,040,000 after purchasing an additional 7,624 shares during the last quarter. Cresset Asset Management LLC lifted its position in Flowserve by 24.1% during the second quarter. Cresset Asset Management LLC now owns 14,246 shares of the industrial products company’s stock valued at $749,000 after purchasing an additional 2,769 shares during the period. Finally, California Public Employees Retirement System lifted its position in Flowserve by 10.5% during the second quarter. California Public Employees Retirement System now owns 232,848 shares of the industrial products company’s stock valued at $12,190,000 after purchasing an additional 22,108 shares during the period. Institutional investors and hedge funds own 93.93% of the company’s stock.

Insider Transactions at Flowserve

In other Flowserve news, Director Brian D. Savoy acquired 1,000 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were bought at an average cost of $67.34 per share, with a total value of $67,340.00. Following the completion of the acquisition, the director owned 1,000 shares in the company, valued at approximately $67,340. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.71% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Zacks Research lowered shares of Flowserve from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 15th. Wall Street Zen lowered Flowserve from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Citigroup reissued a “buy” rating on shares of Flowserve in a report on Thursday, April 30th. TD Cowen downgraded Flowserve from a “buy” rating to a “hold” rating and lowered their target price for the stock from $85.00 to $70.00 in a research note on Wednesday, June 24th. Finally, Royal Bank Of Canada dropped their target price on Flowserve from $98.00 to $91.00 and set an “outperform” rating on the stock in a report on Friday, May 1st. Seven investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Flowserve has a consensus rating of “Moderate Buy” and an average price target of $86.70.

Flowserve Stock Up 1.6%

FLS opened at $68.63 on Thursday. The company has a fifty day moving average of $72.90 and a two-hundred day moving average of $76.89. The stock has a market capitalization of $8.77 billion, a price-to-earnings ratio of 25.42, a PEG ratio of 1.52 and a beta of 1.23. Flowserve Corporation has a fifty-two week low of $48.71 and a fifty-two week high of $92.41. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.63 and a current ratio of 2.22.

Flowserve (NYSE:FLS) last posted its earnings results on Wednesday, April 29th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $1.17 billion. During the same period in the prior year, the company posted $0.72 EPS. The company’s revenue for the quarter was down 6.7% on a year-over-year basis. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. On average, research analysts expect that Flowserve Corporation will post 4.04 earnings per share for the current year.

Flowserve Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Friday, June 26th were given a dividend of $0.22 per share. The ex-dividend date was Friday, June 26th. This represents a $0.88 dividend on an annualized basis and a yield of 1.3%. Flowserve’s dividend payout ratio is currently 32.59%.

Flowserve 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.