Two Sigma Securities LLC Buys Shares of 6,534 Flowserve Corporation $FLS

Two Sigma Securities LLC purchased a new position in shares of Flowserve Corporation (NYSE:FLS) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 6,534 shares of the industrial products company’s stock, valued at approximately $485,000.

A number of other institutional investors have also modified their holdings of FLS. BlackRock Inc. acquired a new position in Flowserve during the 2nd quarter worth about $999,631,000. PointState Capital LP purchased a new position in Flowserve during the 2nd quarter valued at about $196,837,000. Bank of New York Mellon Corp acquired a new position in Flowserve in the 2nd quarter valued at about $177,380,000. Bank of America Corp DE acquired a new position in Flowserve in the 2nd quarter valued at about $144,400,000. Finally, Norges Bank purchased a new stake in Flowserve during the fourth quarter worth about $117,964,000. 93.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on FLS shares. TD Cowen lowered shares of Flowserve from a “buy” rating to a “hold” rating and lowered their price objective for the company from $85.00 to $70.00 in a research note on Wednesday, June 24th. Stifel Nicolaus upped their target price on shares of Flowserve from $92.00 to $94.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. The Goldman Sachs Group set a $82.00 target price on shares of Flowserve in a report on Thursday, July 30th. Weiss Ratings cut shares of Flowserve from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 25th. Finally, Royal Bank Of Canada boosted their price target on shares of Flowserve from $91.00 to $94.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Six investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $86.60.

Flowserve Stock Performance

Shares of Flowserve stock opened at $77.76 on Thursday. The business has a 50-day simple moving average of $75.19 and a 200-day simple moving average of $76.94. 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 one year low of $48.71 and a one year high of $92.41. The company has a market cap of $9.88 billion, a PE ratio of 27.28, a P/E/G ratio of 1.70 and a beta of 1.25.

Flowserve (NYSE:FLS) last issued its earnings results on Wednesday, July 29th. The industrial products company reported $0.95 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $1.16 billion. During the same quarter last year, the company earned $0.91 earnings per share. The firm’s revenue was down 1.6% compared to the same quarter last year. Flowserve has set its FY 2026 guidance at 4.050-4.200 EPS. On average, equities research analysts forecast that Flowserve Corporation will post 4.1 EPS for the current fiscal year.

Flowserve Announces Dividend

The firm 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. The ex-dividend date is Friday, September 25th. This represents a $0.88 dividend on an annualized basis and a yield of 1.1%. Flowserve’s dividend payout ratio (DPR) is currently 30.88%.

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.