Flowserve Corporation $FLS Stock: Inspire Investing LLC Raises Position

Inspire Investing LLC lifted its holdings in shares of Flowserve Corporation (NYSE:FLS) by 14.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 89,631 shares of the industrial products company’s stock after buying an additional 11,044 shares during the period. Inspire Investing LLC’s holdings in Flowserve were worth $6,554,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in FLS. BlackRock Inc. bought a new stake in Flowserve during the second quarter valued at approximately $999,631,000. PointState Capital LP bought a new stake in shares of Flowserve during the 2nd quarter valued at $196,837,000. Bank of New York Mellon Corp increased its stake in shares of Flowserve by 5.1% in the 1st quarter. Bank of New York Mellon Corp now owns 2,448,977 shares of the industrial products company’s stock worth $180,024,000 after purchasing an additional 118,254 shares in the last quarter. Bank of America Corp DE purchased a new stake in shares of Flowserve in the 2nd quarter worth $144,400,000. Finally, William Blair Investment Management LLC purchased a new stake in shares of Flowserve in the 2nd quarter worth $84,869,000. Institutional investors own 93.93% of the company’s stock.

Flowserve Price Performance

NYSE:FLS opened at $68.20 on Friday. The company has a current ratio of 2.15, a quick ratio of 1.58 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $8.67 billion, a P/E ratio of 23.93, a P/E/G ratio of 1.51 and a beta of 1.23. Flowserve Corporation has a 12 month low of $52.37 and a 12 month high of $92.41. The business’s 50-day moving average is $74.74 and its 200 day moving average is $75.10.

Flowserve (NYSE:FLS) last announced its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.09. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. Flowserve had a return on equity of 21.42% and a net margin of 8.01%. The firm’s revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.91 earnings per share. Flowserve has set its FY 2026 guidance at 4.050-4.200 EPS. On average, equities research analysts forecast that Flowserve Corporation will post 4.10 earnings per share for the current fiscal year.

Flowserve Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 9th. Stockholders of record on Friday, September 25th were paid a $0.22 dividend. The ex-dividend date of this dividend was Friday, September 25th. This represents a $0.88 annualized dividend and a dividend yield of 1.3%. Flowserve’s dividend payout ratio is currently 30.88%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Weiss Ratings raised Flowserve from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday. The Goldman Sachs Group set a $82.00 price target on shares of Flowserve in a report on Thursday, July 30th. Royal Bank Of Canada dropped their price target on shares of Flowserve from $94.00 to $88.00 and set an “outperform” rating for the company in a research report on Wednesday, October 14th. Stifel Nicolaus increased their price objective 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. Finally, Mizuho decreased their price objective on shares of Flowserve from $91.00 to $85.00 and set an “outperform” rating on the stock in a research report on Thursday, October 15th. Seven investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $85.40.

About Flowserve

Flowserve Corporation is a global manufacturer of flow-control equipment and related services. The company designs, produces and services pumps, valves, mechanical seals and associated systems used to move, control and protect fluids in industrial processes.

Its products and services support applications across the energy, chemical and petrochemical, water, pharmaceutical, mining, power and general industrial markets. Flowserve also provides aftermarket services, including equipment repair, maintenance, upgrades and replacement parts, helping customers improve the reliability and efficiency of their operations.

Headquartered in Irving, Texas, Flowserve serves customers through manufacturing, sales and service operations in North America, Europe, Asia and other international markets.