Deutsche Bank AG Makes New $5.68 Million Investment in Flowserve Corporation $FLS

Deutsche Bank AG purchased a new position in shares of Flowserve Corporation (NYSE:FLS) in the second quarter, HoldingsChannel reports. The institutional investor purchased 76,565 shares of the industrial products company’s stock, valued at approximately $5,678,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. BOKF NA purchased a new stake in shares of Flowserve in the third quarter worth about $28,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Flowserve during the 2nd quarter valued at about $34,000. Atlas Capital Advisors Inc. acquired a new position in Flowserve during the 4th quarter worth approximately $36,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Flowserve in the third quarter valued at $36,000. Finally, Global Retirement Partners LLC acquired a new stake in shares of Flowserve during the second quarter valued at about $38,000. 93.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on FLS shares. Royal Bank Of Canada boosted their price objective on Flowserve from $91.00 to $94.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Citigroup restated a “buy” rating on shares of Flowserve in a research report on Thursday, April 30th. Stifel Nicolaus raised their price target on Flowserve from $92.00 to $94.00 and gave the company a “buy” rating in a report on Friday, July 31st. TD Cowen cut shares of Flowserve from a “buy” rating to a “hold” rating and lowered their target price for the company from $85.00 to $70.00 in a research note on Wednesday, June 24th. Finally, Weiss Ratings upgraded shares of Flowserve from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. Seven equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Flowserve presently has an average rating of “Moderate Buy” and a consensus price target of $86.60.

Flowserve Stock Performance

Shares of FLS stock opened at $80.49 on Tuesday. Flowserve Corporation has a fifty-two week low of $48.71 and a fifty-two week high of $92.41. The stock’s 50-day moving average is $75.14 and its two-hundred day moving average is $77.16. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.15 and a quick ratio of 1.58. The firm has a market cap of $10.23 billion, a P/E ratio of 28.24, a PEG ratio of 1.76 and a beta of 1.23.

Flowserve (NYSE:FLS) last announced its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.09. The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Flowserve had a return on equity of 21.42% and a net margin of 8.01%.The business’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.91 earnings per share. Flowserve has set its FY 2026 guidance at 4.050-4.200 EPS. Analysts predict that Flowserve Corporation will post 4.1 earnings per share for the current fiscal year.

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.