Lamar Duhon Sells 1,609 Shares of Flowserve (NYSE:FLS) Stock

Flowserve Corporation (NYSE:FLS) insider Lamar Duhon sold 1,609 shares of the business’s stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $69.51, for a total value of $111,841.59. Following the completion of the sale, the insider directly owned 15,116 shares in the company, valued at $1,050,713.16. This trade represents a 9.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Flowserve Price Performance

Shares of NYSE:FLS opened at $68.06 on Friday. The business has a fifty day moving average price of $57.39 and a 200-day moving average price of $53.40. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.10 and a quick ratio of 1.50. The company has a market capitalization of $8.65 billion, a PE ratio of 19.78, a PEG ratio of 1.38 and a beta of 1.32. Flowserve Corporation has a 1-year low of $37.34 and a 1-year high of $72.08.

Flowserve (NYSE:FLS) last announced its quarterly earnings results on Tuesday, October 28th. The industrial products company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.10. The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.21 billion. Flowserve had a net margin of 9.66% and a return on equity of 19.41%. Flowserve’s revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.62 EPS. Flowserve has set its FY 2025 guidance at 3.400-3.500 EPS. As a group, equities analysts expect that Flowserve Corporation will post 3.18 EPS for the current fiscal year.

Analyst Ratings Changes

FLS has been the subject of several recent analyst reports. Citigroup boosted their price target on Flowserve from $68.00 to $82.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Cowen reiterated a “buy” rating on shares of Flowserve in a research report on Tuesday, November 4th. TD Cowen lifted their price objective on Flowserve from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, November 4th. Stifel Nicolaus set a $84.00 target price on shares of Flowserve in a research note on Thursday, October 30th. Finally, Wall Street Zen upgraded Flowserve from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 3rd. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $75.63.

Institutional Investors Weigh In On Flowserve

A number of hedge funds have recently bought and sold shares of FLS. Hsbc Holdings PLC grew its position in Flowserve by 50.4% in the 1st quarter. Hsbc Holdings PLC now owns 163,402 shares of the industrial products company’s stock valued at $7,915,000 after acquiring an additional 54,771 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of Flowserve by 135.6% during the first quarter. Royal Bank of Canada now owns 349,917 shares of the industrial products company’s stock valued at $17,089,000 after purchasing an additional 201,420 shares during the period. Atria Wealth Solutions Inc. boosted its stake in shares of Flowserve by 96.2% during the first quarter. Atria Wealth Solutions Inc. now owns 11,429 shares of the industrial products company’s stock valued at $558,000 after purchasing an additional 5,604 shares during the period. Mandatum Life Insurance Co Ltd bought a new position in shares of Flowserve in the second quarter worth about $2,618,000. Finally, Jefferies Financial Group Inc. increased its stake in Flowserve by 17.4% in the 1st quarter. Jefferies Financial Group Inc. now owns 78,579 shares of the industrial products company’s stock worth $3,838,000 after buying an additional 11,649 shares during the period. Hedge funds and other institutional investors own 93.93% of the company’s stock.

About Flowserve

Flowserve Corporation designs, manufactures, distributes, and services industrial flow management equipment in the United States, Canada, Mexico, Europe, the Middle East, Africa, and the Asia Pacific. It operates through Flowserve Pump Division (FPD) and Flow Control Division (FCD) segments. The FPD segment offers custom and pre-configured pumps and pump systems, mechanical seals, auxiliary systems, replacement parts, upgrades, and related aftermarket services; and equipment services, including installation and commissioning services, seal systems spare parts, repairs, advanced diagnostics, re-rate and upgrade solutions, retrofit programs, and machining and asset management solutions, as well as manufactures a gas-lubricated mechanical seal for use in high-speed compressors for gas pipelines and in the oil and gas production and process markets.