6,750 Shares in Flowserve Corporation $FLS Bought by BNB Wealth Management LLC

BNB Wealth Management LLC bought a new position in shares of Flowserve Corporation (NYSE:FLS) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 6,750 shares of the industrial products company’s stock, valued at approximately $468,000.

A number of other institutional investors have also recently bought and sold shares of the business. EverSource Wealth Advisors LLC increased its position 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 buying an additional 157 shares during the last quarter. Parallel Advisors LLC increased its position in Flowserve by 20.1% during 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 during the last quarter. IFP Advisors Inc increased its position in Flowserve by 24.4% during 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 during the last quarter. Inspire Advisors LLC increased its position in Flowserve by 3.7% during the fourth quarter. Inspire Advisors LLC now owns 4,667 shares of the industrial products company’s stock worth $324,000 after buying an additional 165 shares during the last quarter. Finally, UMB Bank n.a. increased its position in Flowserve by 8.1% during the fourth quarter. UMB Bank n.a. now owns 2,230 shares of the industrial products company’s stock worth $155,000 after buying an additional 168 shares during the last quarter. Institutional investors and hedge funds own 93.93% of the company’s stock.

Flowserve Trading Down 1.9%

Shares of FLS stock opened at $79.00 on Thursday. 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 stock has a market cap of $10.10 billion, a P/E ratio of 29.26, a price-to-earnings-growth ratio of 1.81 and a beta of 1.22. The stock has a 50 day simple moving average of $76.09 and a 200 day simple moving average of $76.63. Flowserve Corporation has a 1 year low of $45.11 and a 1 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 (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.03. The business had revenue of $1.07 billion during 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%.The firm’s revenue for the quarter was down 6.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.72 earnings per share. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. On average, research analysts predict that Flowserve Corporation will post 4.05 earnings per share for the current fiscal year.

Flowserve Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 26th will be paid a dividend of $0.22 per share. The ex-dividend date is Friday, June 26th. This represents a $0.88 annualized dividend and a yield of 1.1%. Flowserve’s dividend payout ratio is presently 32.59%.

Insiders Place Their Bets

In other Flowserve news, Director Brian D. Savoy bought 1,000 shares of the business’s stock in a transaction on Thursday, May 14th. The stock was purchased at an average cost of $67.34 per share, for a total transaction of $67,340.00. Following the completion of the purchase, the director directly owned 1,000 shares of the company’s stock, valued at approximately $67,340. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 0.71% of the stock is owned by insiders.

Analyst Ratings Changes

FLS has been the topic of a number of recent analyst reports. TD Cowen reissued a “buy” rating on shares of Flowserve in a research report on Friday, May 1st. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $83.00 target price on shares of Flowserve in a research report on Thursday, April 30th. Wall Street Zen downgraded Flowserve from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Weiss Ratings downgraded Flowserve from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, May 15th. Finally, Stifel Nicolaus set a $92.00 target price on Flowserve in a research report on Friday, May 1st. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average 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.