Pacer Advisors Inc. Increases Stock Position in Flowserve Corporation $FLS

Pacer Advisors Inc. lifted its stake in shares of Flowserve Corporation (NYSE:FLS) by 43.1% during the fourth quarter, Holdings Channel reports. The fund owned 33,923 shares of the industrial products company’s stock after purchasing an additional 10,221 shares during the quarter. Pacer Advisors Inc.’s holdings in Flowserve were worth $2,354,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in FLS. BOKF NA purchased a new stake in Flowserve in the 3rd quarter worth approximately $28,000. Atlas Capital Advisors Inc. purchased a new position in shares of Flowserve during the 4th quarter worth $36,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Flowserve during the 3rd quarter worth $36,000. IFP Advisors Inc boosted its holdings in shares of Flowserve by 24.4% during the third quarter. IFP Advisors Inc now owns 830 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 163 shares during the last quarter. Finally, Parallel Advisors LLC boosted its holdings in shares of Flowserve by 20.1% during the third quarter. Parallel Advisors LLC now owns 968 shares of the industrial products company’s stock worth $51,000 after purchasing an additional 162 shares during the last quarter. Institutional investors and hedge funds own 93.93% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on FLS. Zacks Research downgraded Flowserve from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 15th. Stifel Nicolaus set a $92.00 price target on Flowserve in a research note on Friday, May 1st. Weiss Ratings cut Flowserve from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 15th. TD Cowen reaffirmed a “buy” rating on shares of Flowserve in a research note on Friday, May 1st. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $90.00 price objective (down from $100.00) on shares of Flowserve in a report on Tuesday, March 31st. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Flowserve has a consensus rating of “Moderate Buy” and a consensus price target of $87.70.

Flowserve Trading Down 1.9%

FLS stock opened at $80.02 on Wednesday. The company has a quick ratio of 1.63, a current ratio of 2.22 and a debt-to-equity ratio of 0.73. The company has a market cap of $10.23 billion, a price-to-earnings ratio of 29.64, a PEG ratio of 1.84 and a beta of 1.22. The business has a fifty day simple moving average of $76.02 and a 200-day simple moving average of $76.93. Flowserve Corporation has a 52 week low of $46.63 and a 52 week high of $92.41.

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

Flowserve Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Friday, June 26th will be paid 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, June 26th. Flowserve’s payout ratio is currently 32.59%.

Insider Buying and Selling at Flowserve

In other news, Director Brian D. Savoy bought 1,000 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was acquired at an average price of $67.34 per share, for a total transaction of $67,340.00. Following the acquisition, the director owned 1,000 shares of the company’s stock, valued at $67,340. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.71% of the stock is owned by corporate insiders.

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.