Bank of New York Mellon Corp Raises Stock Holdings in Flowserve Corporation $FLS

Bank of New York Mellon Corp increased its stake in Flowserve Corporation (NYSE:FLS) by 36.7% during the 4th quarter, Holdings Channel reports. The firm owned 2,330,723 shares of the industrial products company’s stock after purchasing an additional 626,100 shares during the quarter. Bank of New York Mellon Corp’s holdings in Flowserve were worth $161,706,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. EverSource Wealth Advisors LLC grew its stake in Flowserve by 3.9% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 4,181 shares of the industrial products company’s stock worth $222,000 after buying an additional 157 shares in the last quarter. Parallel Advisors LLC lifted its holdings in shares of Flowserve by 20.1% during the 3rd quarter. Parallel Advisors LLC now owns 968 shares of the industrial products company’s stock worth $51,000 after acquiring an additional 162 shares during the last quarter. IFP Advisors Inc grew its position 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 acquiring an additional 163 shares in the last quarter. Measured Wealth Private Client Group LLC increased its stake in Flowserve by 31.5% in the fourth quarter. Measured Wealth Private Client Group LLC now owns 880 shares of the industrial products company’s stock valued at $61,000 after acquiring an additional 211 shares during the last quarter. Finally, Pallas Capital Advisors LLC increased its stake in Flowserve by 0.8% in the fourth quarter. Pallas Capital Advisors LLC now owns 25,939 shares of the industrial products company’s stock valued at $1,800,000 after acquiring an additional 217 shares during the last quarter. 93.93% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Flowserve

In related news, Director Brian D. Savoy bought 1,000 shares of the company’s stock in a transaction dated Thursday, May 14th. The stock was purchased at an average cost of $67.34 per share, with a total value of $67,340.00. Following the transaction, the director owned 1,000 shares in the company, valued at approximately $67,340. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.71% of the company’s stock.

Flowserve Stock Performance

Shares of NYSE:FLS opened at $73.41 on Friday. The company has a current ratio of 2.22, a quick ratio of 1.63 and a debt-to-equity ratio of 0.73. The company has a 50-day moving average price of $75.50 and a 200-day moving average price of $76.05. The company has a market cap of $9.38 billion, a price-to-earnings ratio of 27.19, a price-to-earnings-growth ratio of 1.65 and a beta of 1.22. Flowserve Corporation has a 12 month low of $45.11 and a 12 month high of $92.41.

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. The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations 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 firm earned $0.72 earnings per share. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. As a group, equities analysts anticipate that Flowserve Corporation will post 4.05 EPS for the current year.

Flowserve Announces Dividend

The business also recently disclosed 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. The ex-dividend date is Friday, June 26th. This represents a $0.88 annualized dividend and a yield of 1.2%. Flowserve’s dividend payout ratio is 32.59%.

Wall Street Analysts Forecast Growth

FLS has been the subject of several research analyst reports. Mizuho lifted their price target on Flowserve from $74.00 to $91.00 and gave the stock an “outperform” rating in a research note on Monday, February 9th. Zacks Research lowered Flowserve from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 15th. Stifel Nicolaus set a $92.00 price objective on Flowserve in a report on Friday, May 1st. Weiss Ratings downgraded Flowserve from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, May 15th. Finally, Wall Street Zen lowered Flowserve from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $87.70.

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.