72,341 Shares in Flowserve Corporation $FLS Bought by OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Flowserve Corporation (NYSE:FLS) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 72,341 shares of the industrial products company’s stock, valued at approximately $5,019,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC raised its holdings in Flowserve by 3.9% in the third quarter. EverSource Wealth Advisors LLC now owns 4,181 shares of the industrial products company’s stock worth $222,000 after purchasing an additional 157 shares in the last quarter. Parallel Advisors LLC boosted its holdings in shares of Flowserve by 20.1% in the 3rd quarter. Parallel Advisors LLC now owns 968 shares of the industrial products company’s stock valued at $51,000 after buying an additional 162 shares in the last quarter. IFP Advisors Inc boosted its holdings in shares of Flowserve by 24.4% in the 3rd quarter. IFP Advisors Inc now owns 830 shares of the industrial products company’s stock valued at $46,000 after buying an additional 163 shares in the last quarter. Inspire Advisors LLC grew its position in shares of Flowserve by 3.7% in the 4th quarter. Inspire Advisors LLC now owns 4,667 shares of the industrial products company’s stock worth $324,000 after buying an additional 165 shares during the last quarter. Finally, UMB Bank n.a. raised its stake in shares of Flowserve by 8.1% during the 4th quarter. UMB Bank n.a. now owns 2,230 shares of the industrial products company’s stock worth $155,000 after acquiring an additional 168 shares in the last quarter. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on FLS. Citigroup restated a “buy” rating on shares of Flowserve in a research note on Thursday, April 30th. Wall Street Zen lowered Flowserve from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Stifel Nicolaus set a $92.00 price objective on Flowserve in a research report on Friday, May 1st. The Goldman Sachs Group restated a “neutral” rating and set a $83.00 target price on shares of Flowserve in a research note on Thursday, April 30th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Flowserve in a research report on Friday, May 1st. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $87.70.

Insider Buying and Selling

In other news, Director Brian D. Savoy purchased 1,000 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were acquired at an average price of $67.34 per share, for a total transaction of $67,340.00. Following the purchase, the director owned 1,000 shares in the company, valued at $67,340. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.71% of the company’s stock.

Flowserve Stock Up 0.1%

NYSE:FLS opened at $81.77 on Friday. The company has a current ratio of 2.22, a quick ratio of 1.63 and a debt-to-equity ratio of 0.73. Flowserve Corporation has a twelve month low of $45.11 and a twelve month high of $92.41. The company has a market cap of $10.45 billion, a PE ratio of 30.28, a P/E/G ratio of 1.84 and a beta of 1.22. The company’s 50 day moving average is $76.16 and its two-hundred day moving average is $76.74.

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

Flowserve Dividend Announcement

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 given a dividend of $0.22 per share. The ex-dividend date of this dividend is Friday, June 26th. This represents a $0.88 dividend on an annualized basis and a yield of 1.1%. Flowserve’s payout ratio is currently 32.59%.

About Flowserve

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.