Graham Capital Management L.P. Takes Position in Flowserve Corporation $FLS

Graham Capital Management L.P. purchased a new stake in Flowserve Corporation (NYSE:FLS) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 65,494 shares of the industrial products company’s stock, valued at approximately $4,544,000.

A number of other institutional investors and hedge funds have also made changes to their positions in FLS. Goldman Sachs Group Inc. raised its stake in shares of Flowserve by 48.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 471,893 shares of the industrial products company’s stock valued at $23,047,000 after acquiring an additional 153,553 shares during the period. Sivia Capital Partners LLC purchased a new stake in shares of Flowserve in the 2nd quarter valued at approximately $313,000. First Trust Advisors LP raised its stake in shares of Flowserve by 6.0% in the 2nd quarter. First Trust Advisors LP now owns 134,484 shares of the industrial products company’s stock valued at $7,040,000 after acquiring an additional 7,624 shares during the period. Cresset Asset Management LLC raised its stake in shares of Flowserve by 24.1% in the 2nd quarter. Cresset Asset Management LLC now owns 14,246 shares of the industrial products company’s stock valued at $749,000 after acquiring an additional 2,769 shares during the period. Finally, California Public Employees Retirement System raised its stake in shares of Flowserve by 10.5% in the 2nd quarter. California Public Employees Retirement System now owns 232,848 shares of the industrial products company’s stock valued at $12,190,000 after acquiring an additional 22,108 shares during the period. 93.93% of the stock is owned by hedge funds and other institutional investors.

Flowserve Trading Up 0.6%

Shares of FLS stock opened at $80.51 on Wednesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.63 and a current ratio of 2.22. Flowserve Corporation has a fifty-two week low of $45.11 and a fifty-two week high of $92.41. The stock has a market capitalization of $10.29 billion, a P/E ratio of 29.82, a price-to-earnings-growth ratio of 1.80 and a beta of 1.23. The company has a 50 day moving average price of $76.03 and a 200 day moving average price of $76.57.

Flowserve (NYSE:FLS) last posted its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.82 by $0.03. Flowserve had a net margin of 7.61% and a return on equity of 21.46%. The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter in the previous year, the business posted $0.72 EPS. The firm’s revenue was down 6.7% on a year-over-year basis. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. Equities research analysts predict that Flowserve Corporation will post 4.05 EPS for the current fiscal year.

Flowserve Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 26th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.1%. The ex-dividend date is Friday, June 26th. Flowserve’s payout ratio is 32.59%.

Insider Buying and Selling

In other news, Director Brian D. Savoy purchased 1,000 shares of the stock in a transaction on Thursday, May 14th. The stock was bought at an average price of $67.34 per share, for a total transaction of $67,340.00. Following the acquisition, the director directly owned 1,000 shares of the company’s stock, valued at approximately $67,340. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.71% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on FLS. The Goldman Sachs Group restated a “neutral” rating and issued a $83.00 price objective on shares of Flowserve in a report on Thursday, April 30th. Weiss Ratings cut shares of Flowserve from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 15th. Citigroup restated a “buy” rating on shares of Flowserve in a report on Thursday, April 30th. Zacks Research cut shares of Flowserve from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 15th. Finally, Royal Bank Of Canada dropped their price objective on shares of Flowserve from $98.00 to $91.00 and set an “outperform” rating for the company in a report on Friday, May 1st. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Flowserve presently has a consensus rating of “Moderate Buy” and an average price target of $87.70.

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.