Jacobson & Schmitt Advisors LLC Lowers Stock Holdings in Flowserve Corporation $FLS

Jacobson & Schmitt Advisors LLC lowered its stake in Flowserve Corporation (NYSE:FLS) by 2.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 223,398 shares of the industrial products company’s stock after selling 6,758 shares during the period. Flowserve makes up approximately 2.0% of Jacobson & Schmitt Advisors LLC’s portfolio, making the stock its 26th biggest holding. Jacobson & Schmitt Advisors LLC owned about 0.18% of Flowserve worth $11,871,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of FLS. First Horizon Advisors Inc. acquired a new position in Flowserve in the 2nd quarter valued at $26,000. Hantz Financial Services Inc. lifted its stake in shares of Flowserve by 149.8% in the 2nd quarter. Hantz Financial Services Inc. now owns 697 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 418 shares during the period. Bruce G. Allen Investments LLC purchased a new stake in shares of Flowserve in the third quarter valued at about $40,000. Toth Financial Advisory Corp acquired a new position in shares of Flowserve during the third quarter worth about $53,000. Finally, CENTRAL TRUST Co acquired a new position in shares of Flowserve during the third quarter worth about $61,000. 93.93% of the stock is owned by institutional investors and hedge funds.

Flowserve Stock Performance

NYSE FLS opened at $90.41 on Wednesday. The business has a 50 day moving average price of $77.91 and a 200 day moving average price of $66.13. The company has a market capitalization of $11.50 billion, a P/E ratio of 34.51, a PEG ratio of 1.95 and a beta of 1.29. Flowserve Corporation has a 1-year low of $37.34 and a 1-year high of $91.31. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.03 and a quick ratio of 1.50.

Flowserve (NYSE:FLS) last posted its earnings results on Thursday, February 5th. The industrial products company reported $1.11 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.17. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.26 billion. Flowserve had a return on equity of 21.19% and a net margin of 7.32%.Flowserve’s revenue was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.70 earnings per share. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. Sell-side analysts expect that Flowserve Corporation will post 3.18 EPS for the current fiscal year.

Flowserve Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Friday, March 27th will be given a dividend of $0.22 per share. The ex-dividend date is Friday, March 27th. This is an increase from Flowserve’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a yield of 1.0%. Flowserve’s dividend payout ratio (DPR) is presently 32.06%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on FLS shares. Wall Street Zen downgraded shares of Flowserve from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Citigroup raised their price target on Flowserve from $85.00 to $98.00 and gave the company a “buy” rating in a report on Monday, February 9th. Jefferies Financial Group upped their price objective on Flowserve from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Wednesday, December 10th. TD Cowen reissued a “buy” rating on shares of Flowserve in a report on Thursday, February 19th. Finally, Weiss Ratings lowered shares of Flowserve from a “buy (b-)” rating to a “hold (c)” rating in a research report on Wednesday, February 18th. Eight investment analysts have rated the stock with a Buy rating and four have assigned 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 $88.80.

Flowserve 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.