Ethic Inc. Increases Stock Position in Flowserve Corporation $FLS

Ethic Inc. increased its position in Flowserve Corporation (NYSE:FLS) by 251.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 18,081 shares of the industrial products company’s stock after acquiring an additional 12,934 shares during the period. Ethic Inc.’s holdings in Flowserve were worth $1,254,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA grew its position in Flowserve by 104.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,333,481 shares of the industrial products company’s stock worth $230,281,000 after purchasing an additional 2,213,406 shares during the period. UBS Group AG grew its position in Flowserve by 67.8% in the 3rd quarter. UBS Group AG now owns 4,146,917 shares of the industrial products company’s stock worth $220,367,000 after purchasing an additional 1,676,284 shares during the period. AQR Capital Management LLC grew its position in Flowserve by 9.9% in the 3rd quarter. AQR Capital Management LLC now owns 3,230,118 shares of the industrial products company’s stock worth $171,648,000 after purchasing an additional 290,226 shares during the period. Earnest Partners LLC grew its position in Flowserve by 5.0% in the 3rd quarter. Earnest Partners LLC now owns 2,885,879 shares of the industrial products company’s stock worth $153,356,000 after purchasing an additional 136,867 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in Flowserve by 0.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,445,860 shares of the industrial products company’s stock worth $129,974,000 after purchasing an additional 20,884 shares during the period. 93.93% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. 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 reaffirmed a “buy” rating on shares of Flowserve in a research report on Friday, May 1st. Stifel Nicolaus set a $92.00 target price on shares of Flowserve in a research report on Friday, May 1st. Jefferies Financial Group reaffirmed a “buy” rating and issued a $90.00 target price (down from $100.00) on shares of Flowserve in a research report on Tuesday, March 31st. Finally, Mizuho lifted their target price on shares of Flowserve from $74.00 to $91.00 and gave the stock an “outperform” rating in a research report on Monday, February 9th. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $87.70.

Flowserve Price Performance

Shares of Flowserve stock opened at $66.42 on Thursday. Flowserve Corporation has a one year low of $45.11 and a one year high of $92.41. The stock’s fifty day moving average is $77.32 and its 200 day moving average is $75.49. The stock has a market cap of $8.49 billion, a P/E ratio of 24.60, a P/E/G ratio of 1.56 and a beta of 1.24. 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 (NYSE:FLS) last announced its earnings results on Wednesday, April 29th. The industrial products company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.03. Flowserve had a return on equity of 21.46% and a net margin of 7.61%.The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same period last year, the firm earned $0.72 EPS. Flowserve’s revenue for the quarter was down 6.7% compared to the same quarter last year. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. Sell-side analysts anticipate that Flowserve Corporation will post 4.05 earnings per share for the current year.

Flowserve Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Friday, March 27th were issued a $0.22 dividend. The ex-dividend date of this dividend was Friday, March 27th. This represents a $0.88 dividend on an annualized basis and a yield of 1.3%. This is an increase from Flowserve’s previous quarterly dividend of $0.21. Flowserve’s payout ratio is 32.59%.

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.