14,954 Shares in Flowserve Corporation $FLS Purchased by MASTERINVEST Kapitalanlage GmbH

MASTERINVEST Kapitalanlage GmbH acquired a new stake in Flowserve Corporation (NYSE:FLS) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 14,954 shares of the industrial products company’s stock, valued at approximately $1,109,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in FLS. BOKF NA bought a new stake in shares of Flowserve in the third quarter valued at about $28,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Flowserve during the second quarter worth about $34,000. Measured Wealth Private Client Group LLC acquired a new stake in Flowserve in the 3rd quarter worth about $36,000. Atlas Capital Advisors Inc. acquired a new stake in Flowserve in the 4th quarter worth about $36,000. Finally, Global Retirement Partners LLC bought a new stake in Flowserve in the 2nd quarter valued at about $38,000. 93.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on FLS. Robert W. Baird set a $93.00 price target on Flowserve in a research note on Friday, July 31st. The Goldman Sachs Group set a $82.00 price objective on Flowserve in a report on Thursday, July 30th. Weiss Ratings downgraded Flowserve from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday. Stifel Nicolaus increased their target price on Flowserve from $92.00 to $94.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Finally, TD Cowen cut Flowserve from a “buy” rating to a “hold” rating and decreased their price target for the stock from $85.00 to $70.00 in a research report on Wednesday, June 24th. Six research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $86.60.

Flowserve Stock Down 1.8%

Shares of FLS opened at $80.49 on Friday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.58 and a current ratio of 2.15. Flowserve Corporation has a 52 week low of $48.71 and a 52 week high of $92.41. The stock has a market capitalization of $10.23 billion, a price-to-earnings ratio of 28.24, a PEG ratio of 1.82 and a beta of 1.23. The stock has a fifty day moving average of $75.20 and a 200-day moving average of $77.19.

Flowserve (NYSE:FLS) last posted its earnings results on Wednesday, July 29th. The industrial products company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.09. Flowserve had a net margin of 8.01% and a return on equity of 21.42%. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same period in the previous year, the firm posted $0.91 EPS. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. Flowserve has set its FY 2026 guidance at 4.050-4.200 EPS. As a group, sell-side analysts anticipate that Flowserve Corporation will post 4.1 earnings per share for the current fiscal year.

Flowserve Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Friday, September 25th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Friday, September 25th. Flowserve’s payout ratio is 30.88%.

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.