Catalyst Capital Advisors LLC Acquires 8,175 Shares of Flowserve Corporation $FLS

Catalyst Capital Advisors LLC increased its position in shares of Flowserve Corporation (NYSE:FLS) by 33.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 32,675 shares of the industrial products company’s stock after acquiring an additional 8,175 shares during the period. Catalyst Capital Advisors LLC’s holdings in Flowserve were worth $2,402,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FLS. Atlas Capital Advisors Inc. acquired a new stake in Flowserve during the 4th quarter worth about $36,000. BOKF NA acquired a new position in Flowserve during the third quarter worth $28,000. Measured Wealth Private Client Group LLC bought a new position in Flowserve in the 3rd quarter valued at about $36,000. IFP Advisors Inc lifted its holdings in shares of Flowserve by 24.4% in the third quarter. IFP Advisors Inc now owns 830 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 163 shares in the last quarter. Finally, Root Financial Partners LLC lifted its stake in Flowserve by 96.7% during the 1st quarter. Root Financial Partners LLC now owns 944 shares of the industrial products company’s stock valued at $69,000 after acquiring an additional 464 shares in the last quarter. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Brian D. Savoy bought 1,000 shares of the 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 completion of the purchase, the director owned 1,000 shares of the company’s stock, valued at $67,340. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.71% of the company’s stock.

Flowserve Stock Down 1.3%

Shares of Flowserve stock opened at $68.43 on Friday. The company has a 50-day simple moving average of $72.98 and a two-hundred day simple moving average 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. Flowserve Corporation has a 52-week low of $48.71 and a 52-week high of $92.41. The stock has a market capitalization of $8.75 billion, a PE ratio of 25.35, a price-to-earnings-growth ratio of 1.56 and a beta of 1.23.

Flowserve (NYSE:FLS) last posted its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.03. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.17 billion. Flowserve had a net margin of 7.61% and a return on equity of 21.46%. The firm’s revenue was down 6.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.72 earnings per share. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. On average, analysts anticipate 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 was paid on Friday, July 10th. Investors of record on Friday, June 26th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.3%. The ex-dividend date was Friday, June 26th. Flowserve’s dividend payout ratio is presently 32.59%.

Wall Street Analyst Weigh In

FLS has been the topic of a number of research analyst reports. The Goldman Sachs Group reissued a “neutral” rating and issued a $83.00 price target on shares of Flowserve in a report on Thursday, April 30th. Royal Bank Of Canada cut their target price on Flowserve from $98.00 to $91.00 and set an “outperform” rating for the company in a research note on Friday, May 1st. Weiss Ratings cut shares of Flowserve from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 15th. Wall Street Zen downgraded shares of Flowserve from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Finally, TD Cowen lowered Flowserve from a “buy” rating to a “hold” rating and dropped their price target for the stock from $85.00 to $70.00 in a research note on Wednesday, June 24th. Seven research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $86.70.

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.