SG Americas Securities LLC Grows Position in Flowserve Corporation $FLS

SG Americas Securities LLC grew its holdings in Flowserve Corporation (NYSE:FLS) by 47.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 160,598 shares of the industrial products company’s stock after buying an additional 51,787 shares during the period. SG Americas Securities LLC’s holdings in Flowserve were worth $11,806,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of FLS. Norges Bank acquired a new position in Flowserve during the fourth quarter worth about $117,964,000. UBS Group AG raised its holdings 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 valued at $220,367,000 after acquiring an additional 1,676,284 shares during the last quarter. Merewether Investment Management LP acquired a new stake in Flowserve in the 2nd quarter valued at about $46,555,000. T. Rowe Price Investment Management Inc. lifted its stake in Flowserve by 102.7% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,731,665 shares of the industrial products company’s stock worth $120,143,000 after purchasing an additional 877,327 shares in the last quarter. Finally, Amundi lifted its stake in Flowserve by 414.3% in the 4th quarter. Amundi now owns 1,047,698 shares of the industrial products company’s stock worth $72,689,000 after purchasing an additional 843,995 shares in the last quarter. 93.93% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Flowserve

In other news, Director Brian D. Savoy purchased 1,000 shares of the firm’s stock in a transaction on Thursday, May 14th. The shares were bought at an average cost of $67.34 per share, for a total transaction of $67,340.00. Following the completion of the purchase, 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 legal filing with the Securities & Exchange Commission, which is available at this link. 0.71% of the stock is currently owned by insiders.

Flowserve Stock Down 2.9%

Shares of NYSE FLS opened at $72.79 on Friday. The company has a market capitalization of $9.30 billion, a P/E ratio of 26.96, a P/E/G ratio of 1.69 and a beta of 1.22. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.22 and a quick ratio of 1.63. The company has a 50 day simple moving average of $75.53 and a 200-day simple moving average of $76.92. Flowserve Corporation has a 1 year low of $48.71 and a 1 year high of $92.41.

Flowserve (NYSE:FLS) last issued its quarterly earnings data 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. Flowserve had a return on equity of 21.46% and a net margin of 7.61%.The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same period in the prior year, the business posted $0.72 earnings per share. The firm’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. On average, equities research analysts predict that Flowserve Corporation will post 4.05 earnings per share for the current year.

Flowserve Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Friday, June 26th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, June 26th. Flowserve’s dividend payout ratio is currently 32.59%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on FLS. Royal Bank Of Canada cut their price target on Flowserve from $98.00 to $91.00 and set an “outperform” rating for the company in a report on Friday, May 1st. Zacks Research lowered Flowserve from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 15th. TD Cowen cut Flowserve from a “buy” rating to a “hold” rating and dropped their target price for the company from $85.00 to $70.00 in a report on Wednesday. Wall Street Zen downgraded Flowserve from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $83.00 price target on shares of Flowserve in a report on Thursday, April 30th. Seven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $86.70.

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.