Entropy Technologies LP Reduces Stake in Flowserve Corporation $FLS

Entropy Technologies LP cut its position in shares of Flowserve Corporation (NYSE:FLS) by 32.4% in the 1st quarter, HoldingsChannel.com reports. The firm owned 20,487 shares of the industrial products company’s stock after selling 9,812 shares during the period. Entropy Technologies LP’s holdings in Flowserve were worth $1,506,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new stake in Flowserve in the fourth quarter valued at $117,964,000. UBS Group AG boosted its position in shares of Flowserve by 67.8% in the 3rd quarter. UBS Group AG now owns 4,146,917 shares of the industrial products company’s stock worth $220,367,000 after buying an additional 1,676,284 shares in the last quarter. Merewether Investment Management LP acquired a new stake in Flowserve in the 2nd quarter valued at about $46,555,000. T. Rowe Price Investment Management Inc. grew its stake in Flowserve by 102.7% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,731,665 shares of the industrial products company’s stock valued at $120,143,000 after acquiring an additional 877,327 shares during the last quarter. Finally, Amundi increased its holdings in Flowserve by 414.3% during the 4th quarter. Amundi now owns 1,047,698 shares of the industrial products company’s stock valued at $72,689,000 after acquiring an additional 843,995 shares in the last quarter. 93.93% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Flowserve news, Director Brian D. Savoy bought 1,000 shares of Flowserve stock in a transaction that occurred on Thursday, May 14th. The shares were purchased at an average cost of $67.34 per share, for a total transaction of $67,340.00. Following the completion of the transaction, the director owned 1,000 shares of the company’s stock, valued at $67,340. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.71% of the company’s stock.

Flowserve Stock Up 0.3%

FLS stock opened at $72.63 on Tuesday. The company has a 50 day moving average price of $73.25 and a two-hundred day moving average price of $76.89. 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 stock has a market capitalization of $9.28 billion, a P/E ratio of 26.90, a PEG ratio of 1.63 and a beta of 1.23. Flowserve Corporation has a one year low of $48.71 and a one year high of $92.41.

Flowserve (NYSE:FLS) last issued its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.03. Flowserve had a return on equity of 21.46% and a net margin of 7.61%.The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the prior year, the company posted $0.72 EPS. The business’s revenue for the quarter was down 6.7% compared to the same quarter last year. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. As a group, sell-side analysts expect that Flowserve Corporation will post 4.04 EPS for the current year.

Flowserve Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 10th. Investors 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 annualized dividend and a yield of 1.2%. Flowserve’s dividend payout ratio is 32.59%.

Analyst Upgrades and Downgrades

FLS has been the topic of several recent research reports. Zacks Research downgraded shares of Flowserve from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 15th. TD Cowen lowered Flowserve from a “buy” rating to a “hold” rating and reduced their target price for the company from $85.00 to $70.00 in a research note on Wednesday, June 24th. The Goldman Sachs Group reissued a “neutral” rating and set a $83.00 price target on shares of Flowserve in a research report on Thursday, April 30th. Weiss Ratings downgraded Flowserve from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, May 15th. Finally, Citigroup reaffirmed a “buy” rating on shares of Flowserve in a research note on Thursday, April 30th. Seven analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $86.70.

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.