AdvisorShares Investments LLC Takes Position in Flowserve Corporation $FLS

AdvisorShares Investments LLC purchased a new stake in shares of Flowserve Corporation (NYSE:FLS) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 6,900 shares of the industrial products company’s stock, valued at approximately $479,000.

Several other institutional investors and hedge funds have also recently modified their holdings of FLS. BOKF NA bought a new stake in shares of Flowserve during the third quarter valued at approximately $28,000. Measured Wealth Private Client Group LLC bought a new position in Flowserve in the third quarter worth approximately $36,000. IFP Advisors Inc raised its stake in 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 buying an additional 163 shares in the last quarter. Parallel Advisors LLC raised its stake in Flowserve by 20.1% in 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 in the last quarter. Finally, CENTRAL TRUST Co bought a new position in Flowserve in the third quarter worth approximately $61,000. Institutional investors own 93.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on FLS shares. Mizuho boosted their price objective on shares of Flowserve from $74.00 to $91.00 and gave the stock an “outperform” rating in a research note on Monday, February 9th. Jefferies Financial Group reissued a “buy” rating and issued a $90.00 price objective (down from $100.00) on shares of Flowserve in a research note on Tuesday, March 31st. The Goldman Sachs Group reissued a “neutral” rating and issued a $83.00 price objective on shares of Flowserve in a research note on Thursday, April 30th. TD Cowen reaffirmed a “buy” rating on shares of Flowserve in a report on Friday, May 1st. Finally, Zacks Research lowered shares of Flowserve from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 15th. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $87.70.

Flowserve Price Performance

NYSE FLS opened at $75.41 on Friday. The firm’s fifty day simple moving average is $75.43 and its two-hundred day simple moving average is $75.83. The company has a current ratio of 2.22, a quick ratio of 1.63 and a debt-to-equity ratio of 0.73. Flowserve Corporation has a 12-month low of $45.11 and a 12-month high of $92.41. The firm has a market capitalization of $9.64 billion, a P/E ratio of 27.93, a P/E/G ratio of 1.70 and a beta of 1.24.

Flowserve (NYSE:FLS) last released its quarterly 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 previous year, the company earned $0.72 earnings per share. The business’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. Analysts forecast that Flowserve Corporation will post 4.05 EPS for the current fiscal year.

Flowserve Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 26th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, June 26th. Flowserve’s payout ratio is currently 32.59%.

Insider Transactions at Flowserve

In related news, Director Brian D. Savoy acquired 1,000 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were purchased 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 directly owned 1,000 shares of the company’s stock, valued at $67,340. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.71% of the company’s stock.

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.