California Public Employees Retirement System Has $21 Million Holdings in Flowserve Corporation $FLS

California Public Employees Retirement System raised its position in Flowserve Corporation (NYSE:FLS) by 5.7% during the first quarter, Holdings Channel.com reports. The institutional investor owned 285,607 shares of the industrial products company’s stock after purchasing an additional 15,455 shares during the quarter. California Public Employees Retirement System’s holdings in Flowserve were worth $20,995,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in FLS. Goldman Sachs Group Inc. grew its position in Flowserve by 48.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 471,893 shares of the industrial products company’s stock worth $23,047,000 after acquiring an additional 153,553 shares during the last quarter. Sivia Capital Partners LLC bought a new position in Flowserve in the 2nd quarter valued at $313,000. First Trust Advisors LP boosted its stake in Flowserve by 6.0% in the second quarter. First Trust Advisors LP now owns 134,484 shares of the industrial products company’s stock worth $7,040,000 after purchasing an additional 7,624 shares in the last quarter. Cresset Asset Management LLC boosted its stake in Flowserve by 24.1% in the second quarter. Cresset Asset Management LLC now owns 14,246 shares of the industrial products company’s stock worth $749,000 after purchasing an additional 2,769 shares in the last quarter. Finally, NewEdge Advisors LLC grew its holdings in shares of Flowserve by 35,819.2% during the second quarter. NewEdge Advisors LLC now owns 26,221 shares of the industrial products company’s stock worth $1,373,000 after purchasing an additional 26,148 shares during the last quarter. 93.93% of the stock is owned by institutional investors.

Flowserve Trading Up 1.6%

FLS stock opened at $68.63 on Thursday. The company has a market cap of $8.77 billion, a P/E ratio of 25.42, a PEG ratio of 1.52 and a beta of 1.23. Flowserve Corporation has a twelve month low of $48.71 and a twelve month high of $92.41. The company has a quick ratio of 1.63, a current ratio of 2.22 and a debt-to-equity ratio of 0.73. The business has a fifty day moving average of $72.90 and a 200-day moving average of $76.89.

Flowserve (NYSE:FLS) last posted 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 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%.The firm’s quarterly revenue was down 6.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.72 earnings per share. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. As a group, equities research analysts expect that Flowserve Corporation will post 4.04 EPS for the current year.

Flowserve Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Friday, June 26th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, June 26th. Flowserve’s dividend payout ratio (DPR) is 32.59%.

Insider Activity

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

Analyst Upgrades and Downgrades

FLS has been the subject of a number of research reports. The Goldman Sachs Group restated a “neutral” rating and issued a $83.00 target price on shares of Flowserve in a research note on Thursday, April 30th. Wall Street Zen downgraded shares of Flowserve from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Zacks Research lowered shares of Flowserve from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 15th. Citigroup restated a “buy” rating on shares of Flowserve in a research report on Thursday, April 30th. Finally, Stifel Nicolaus set a $92.00 target price on shares of Flowserve in a research note on Friday, May 1st. Seven analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $86.70.

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.