Clearline Capital LP Sells 347,576 Shares of Flowserve Corporation $FLS

Clearline Capital LP reduced its stake in Flowserve Corporation (NYSE:FLS) by 54.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 294,714 shares of the industrial products company’s stock after selling 347,576 shares during the period. Flowserve accounts for 1.0% of Clearline Capital LP’s portfolio, making the stock its 21st largest position. Clearline Capital LP’s holdings in Flowserve were worth $20,447,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of FLS. BOKF NA bought a new position in Flowserve in the third quarter worth about $28,000. Measured Wealth Private Client Group LLC bought a new position in Flowserve in the third quarter worth about $36,000. Atlas Capital Advisors Inc. bought a new position in Flowserve in the fourth quarter worth about $36,000. IFP Advisors Inc raised its stake in Flowserve by 24.4% in the third quarter. IFP Advisors Inc now owns 830 shares of the industrial products company’s stock worth $46,000 after buying an additional 163 shares in the last quarter. Finally, Parallel Advisors LLC increased its stake in shares of Flowserve by 20.1% during the third 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. 93.93% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on FLS shares. Citigroup reaffirmed a “buy” rating on shares of Flowserve in a research note on Thursday, April 30th. TD Cowen reaffirmed a “buy” rating on shares of Flowserve in a research note on Friday, May 1st. Royal Bank Of Canada decreased their target price on shares of Flowserve from $98.00 to $91.00 and set an “outperform” rating for the company in a research note on Friday, May 1st. Weiss Ratings downgraded shares of Flowserve from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, May 15th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $83.00 target price on shares of Flowserve in a research note on Thursday, April 30th. Eight research 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, Flowserve has an average rating of “Moderate Buy” and an average price target of $87.70.

Insider Activity at Flowserve

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

Flowserve Trading Down 1.9%

Shares of Flowserve stock opened at $79.00 on Thursday. The company’s fifty day simple moving average is $76.09 and its 200-day simple moving average is $76.63. The stock has a market capitalization of $10.10 billion, a PE ratio of 29.26, a P/E/G ratio of 1.81 and a beta of 1.22. Flowserve Corporation has a 1-year low of $45.11 and a 1-year high of $92.41. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.22 and a quick ratio of 1.63.

Flowserve (NYSE:FLS) last issued its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.03. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Flowserve had a net margin of 7.61% and a return on equity of 21.46%. The company’s revenue was down 6.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.72 EPS. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. As a group, equities analysts anticipate that Flowserve Corporation will post 4.05 earnings per share for the current year.

Flowserve Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Friday, June 26th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Friday, June 26th. Flowserve’s dividend payout ratio (DPR) is presently 32.59%.

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.