Rhumbline Advisers Trims Position in Flowserve Corporation $FLS

Rhumbline Advisers lowered its stake in shares of Flowserve Corporation (NYSE:FLS) by 3.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 352,901 shares of the industrial products company’s stock after selling 13,852 shares during the quarter. Rhumbline Advisers’ holdings in Flowserve were worth $18,753,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. acquired a new stake in Flowserve during the 2nd quarter worth approximately $26,000. IFP Advisors Inc raised its stake in shares of Flowserve by 1,289.6% during the second quarter. IFP Advisors Inc now owns 667 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 619 shares during the last quarter. Hantz Financial Services Inc. lifted its holdings in shares of Flowserve by 149.8% during the second quarter. Hantz Financial Services Inc. now owns 697 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 418 shares during the period. Bruce G. Allen Investments LLC purchased a new position in Flowserve in the 3rd quarter valued at $40,000. Finally, Toth Financial Advisory Corp acquired a new position in Flowserve in the 3rd quarter valued at $53,000. Institutional investors and hedge funds own 93.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on FLS shares. TD Cowen restated a “buy” rating on shares of Flowserve in a research note on Tuesday, November 4th. Stifel Nicolaus increased their price target on shares of Flowserve from $87.00 to $97.00 and gave the stock a “buy” rating in a report on Monday, February 9th. Royal Bank Of Canada raised 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, February 9th. Wall Street Zen lowered Flowserve from a “strong-buy” rating to a “buy” rating in a report on Friday, November 28th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Flowserve in a research note on Thursday, January 22nd. Nine investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $88.80.

Flowserve Trading Up 0.1%

Shares of FLS opened at $89.79 on Wednesday. The firm’s 50-day moving average is $76.23 and its two-hundred day moving average is $64.87. The firm has a market capitalization of $11.41 billion, a P/E ratio of 34.27, a PEG ratio of 1.99 and a beta of 1.29. The company has a current ratio of 2.03, a quick ratio of 1.50 and a debt-to-equity ratio of 0.68. Flowserve Corporation has a twelve month low of $37.34 and a twelve month high of $90.48.

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

Flowserve Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Friday, March 27th will be given a $0.22 dividend. The ex-dividend date is Friday, March 27th. This represents a $0.88 annualized dividend and a dividend yield of 1.0%. This is a boost from Flowserve’s previous quarterly dividend of $0.21. Flowserve’s payout ratio is presently 33.59%.

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.