Freemont Management S.A. Grows Stock Position in Flowserve Corporation $FLS

Freemont Management S.A. grew its position in Flowserve Corporation (NYSE:FLS) by 196.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,200 shares of the industrial products company’s stock after acquiring an additional 16,700 shares during the quarter. Freemont Management S.A.’s holdings in Flowserve were worth $1,748,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Castle Rock Wealth Management LLC purchased a new position in shares of Flowserve in the fourth quarter valued at approximately $736,000. Strategic Family Wealth Counselors L.L.C. purchased a new position in shares of Flowserve in the fourth quarter valued at approximately $241,000. World Investment Advisors lifted its position in shares of Flowserve by 6.9% in the fourth quarter. World Investment Advisors now owns 27,868 shares of the industrial products company’s stock valued at $1,867,000 after acquiring an additional 1,792 shares in the last quarter. First Eagle Investment Management LLC purchased a new position in shares of Flowserve in the fourth quarter valued at approximately $5,693,000. Finally, Swiss Life Asset Management Ltd lifted its position in shares of Flowserve by 61.9% in the fourth quarter. Swiss Life Asset Management Ltd now owns 9,776 shares of the industrial products company’s stock valued at $678,000 after acquiring an additional 3,736 shares in the last quarter. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Flowserve Price Performance

NYSE:FLS opened at $66.42 on Thursday. Flowserve Corporation has a 52 week low of $45.11 and a 52 week 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 company has a market capitalization 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 stock’s fifty day moving average is $77.32 and its two-hundred day moving average is $75.49.

Flowserve (NYSE:FLS) last posted its earnings results on Wednesday, April 29th. The industrial products company reported $0.85 EPS for the quarter, beating 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 the consensus estimate of $1.17 billion. During the same quarter in the previous year, the business earned $0.72 earnings per share. The company’s revenue for the quarter was down 6.7% on a year-over-year basis. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. Equities analysts expect that Flowserve Corporation will post 4.05 EPS for the current year.

Flowserve Increases Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Royal Bank Of Canada decreased their target price on Flowserve from $98.00 to $91.00 and set an “outperform” rating on the stock in a research report on Friday, May 1st. TD Cowen reiterated a “buy” rating on shares of Flowserve in a research report on Friday, May 1st. The Goldman Sachs Group reiterated a “neutral” rating and set a $83.00 price objective on shares of Flowserve in a research report on Thursday, April 30th. Robert W. Baird set a $98.00 price objective on Flowserve in a research report on Monday, February 9th. Finally, Mizuho lifted their price objective on Flowserve from $74.00 to $91.00 and gave the stock an “outperform” rating in a research report on Monday, February 9th. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $87.70.

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.