71,000 Shares in Flowserve Corporation $FLS Acquired by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Flowserve Corporation (NYSE:FLS) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 71,000 shares of the industrial products company’s stock, valued at approximately $5,265,000.

A number of other institutional investors also recently added to or reduced their stakes in the company. BOKF NA acquired a new position in Flowserve during the 3rd quarter worth approximately $28,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Flowserve in the 2nd quarter valued at $34,000. Atlas Capital Advisors Inc. acquired a new stake in shares of Flowserve in the 4th quarter valued at $36,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Flowserve during the 3rd quarter worth $36,000. Finally, Global Retirement Partners LLC purchased a new stake in shares of Flowserve during the 2nd quarter worth $38,000. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on FLS shares. The Goldman Sachs Group set a $82.00 target price on Flowserve in a report on Thursday, July 30th. TD Cowen downgraded 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 report on Wednesday, June 24th. Weiss Ratings cut Flowserve from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 25th. Robert W. Baird set a $93.00 price objective on Flowserve in a report on Friday, July 31st. Finally, Royal Bank Of Canada raised their target price on Flowserve from $91.00 to $94.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Six research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $86.60.

Flowserve Stock Up 0.5%

FLS opened at $77.05 on Wednesday. Flowserve Corporation has a one year low of $48.71 and a one year high of $92.41. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.58 and a current ratio of 2.15. The stock has a market capitalization of $9.79 billion, a P/E ratio of 27.03, a price-to-earnings-growth ratio of 1.70 and a beta of 1.25. The business’s 50-day simple moving average is $75.44 and its 200-day simple moving average is $76.59.

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

Flowserve Announces Dividend

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