Freemont Management S.A. Trims Stake in Flowserve Corporation $FLS

Freemont Management S.A. lessened its position in shares of Flowserve Corporation (NYSE:FLS) by 88.1% during the third quarter, HoldingsChannel reports. The institutional investor owned 8,500 shares of the industrial products company’s stock after selling 63,000 shares during the quarter. Freemont Management S.A.’s holdings in Flowserve were worth $452,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Public Sector Pension Investment Board acquired a new stake in shares of Flowserve in the third quarter valued at approximately $736,000. Krilogy Financial LLC acquired a new stake in Flowserve during the 3rd quarter worth $507,000. Navellier & Associates Inc. grew its position in Flowserve by 1.1% during the 3rd quarter. Navellier & Associates Inc. now owns 34,771 shares of the industrial products company’s stock worth $1,848,000 after purchasing an additional 376 shares during the last quarter. Prospera Financial Services Inc increased its stake in Flowserve by 3.0% in the third quarter. Prospera Financial Services Inc now owns 35,513 shares of the industrial products company’s stock valued at $1,887,000 after purchasing an additional 1,036 shares during the period. Finally, ProShare Advisors LLC raised its holdings in shares of Flowserve by 93.5% in the third quarter. ProShare Advisors LLC now owns 12,598 shares of the industrial products company’s stock valued at $669,000 after buying an additional 6,087 shares during the last quarter. Institutional investors and hedge funds own 93.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. TD Cowen reissued a “buy” rating on shares of Flowserve in a report on Tuesday, November 4th. Wall Street Zen downgraded Flowserve from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 28th. Mizuho boosted their target price on Flowserve from $74.00 to $91.00 and gave the company an “outperform” rating in a report on Monday. Zacks Research downgraded Flowserve from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 21st. Finally, Royal Bank Of Canada lifted their price objective on shares of Flowserve from $83.00 to $96.00 and gave the company an “outperform” rating in a research report on Monday. Nine equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Flowserve currently has a consensus rating of “Moderate Buy” and a consensus price target of $88.80.

Flowserve Stock Performance

Shares of FLS stock opened at $87.03 on Friday. The company has a current ratio of 2.03, a quick ratio of 1.50 and a debt-to-equity ratio of 0.68. The stock has a 50 day simple moving average of $75.15 and a 200-day simple moving average of $64.02. The company has a market cap of $11.06 billion, a price-to-earnings ratio of 33.22, a price-to-earnings-growth ratio of 1.92 and a beta of 1.29. Flowserve Corporation has a 12-month low of $37.34 and a 12-month high of $89.25.

Flowserve (NYSE:FLS) last posted its quarterly earnings results on Thursday, February 5th. The industrial products company reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.17. Flowserve had a return on equity of 21.19% and a net margin of 7.32%.The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the previous year, the business earned $0.70 earnings per share. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. On average, equities analysts forecast that Flowserve Corporation will post 3.18 EPS for the current year.

Flowserve Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 9th. Stockholders of record on Friday, December 26th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, December 26th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.0%. Flowserve’s dividend payout ratio is 32.06%.

About Flowserve

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.