Flowserve Corporation $FLS Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP reduced its stake in Flowserve Corporation (NYSE:FLS) by 13.6% during the 1st quarter, Holdings Channel reports. The fund owned 2,372,890 shares of the industrial products company’s stock after selling 372,316 shares during the period. Dimensional Fund Advisors LP’s holdings in Flowserve were worth $174,392,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. BOKF NA purchased a new stake in Flowserve during the 3rd quarter worth about $28,000. Atlas Capital Advisors Inc. acquired a new position in Flowserve during the fourth quarter valued at approximately $36,000. Measured Wealth Private Client Group LLC purchased a new stake in Flowserve during the 3rd quarter worth $36,000. IFP Advisors Inc boosted its position in Flowserve by 24.4% during the 3rd quarter. IFP Advisors Inc now owns 830 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 163 shares during the period. Finally, Parallel Advisors LLC increased its holdings in Flowserve by 20.1% in the 3rd quarter. Parallel Advisors LLC now owns 968 shares of the industrial products company’s stock valued at $51,000 after purchasing an additional 162 shares in the last quarter. Institutional investors and hedge funds own 93.93% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on FLS shares. Wall Street Zen downgraded shares of Flowserve from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. TD Cowen downgraded shares of Flowserve from a “buy” rating to a “hold” rating and reduced their price objective for the company from $85.00 to $70.00 in a research note on Wednesday, June 24th. Stifel Nicolaus set a $92.00 price objective on shares of Flowserve in a report on Friday, May 1st. Weiss Ratings downgraded shares of Flowserve from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, May 15th. Finally, 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. Seven analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $86.70.

Insider Activity

In other Flowserve news, Director Brian D. Savoy purchased 1,000 shares of Flowserve stock in a transaction dated Thursday, May 14th. The shares were bought at an average cost of $67.34 per share, for a total transaction of $67,340.00. Following the transaction, the director owned 1,000 shares in the company, valued at $67,340. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.71% of the company’s stock.

Flowserve Price Performance

Shares of NYSE FLS opened at $72.31 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 market capitalization of $9.24 billion, a price-to-earnings ratio of 26.78, a price-to-earnings-growth ratio of 1.63 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 business has a 50 day simple moving average of $73.12 and a 200-day simple moving average of $76.86.

Flowserve (NYSE:FLS) last announced its quarterly earnings data 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 firm 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 revenue for the quarter was down 6.7% on a year-over-year basis. During the same period last year, the business posted $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 earnings per share for the current year.

Flowserve Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Friday, June 26th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, June 26th. Flowserve’s dividend payout ratio is 32.59%.

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.