World Investment Advisors Makes New $1.39 Million Investment in Flowserve Corporation $FLS

World Investment Advisors purchased a new stake in shares of Flowserve Corporation (NYSE:FLS) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 26,076 shares of the industrial products company’s stock, valued at approximately $1,386,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. TD Private Client Wealth LLC purchased a new stake in Flowserve during the second quarter valued at approximately $25,000. First Horizon Advisors Inc. acquired a new position in shares of Flowserve during the second quarter worth $26,000. Hilltop National Bank acquired a new position in shares of Flowserve during the second quarter worth $31,000. IFP Advisors Inc lifted its holdings in shares of Flowserve by 1,289.6% during the 2nd quarter. IFP Advisors Inc now owns 667 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 619 shares during the last quarter. Finally, Hantz Financial Services Inc. boosted its position in shares of Flowserve by 149.8% in the 2nd quarter. Hantz Financial Services Inc. now owns 697 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 418 shares in the last quarter. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Flowserve Price Performance

Shares of NYSE FLS opened at $71.03 on Friday. Flowserve Corporation has a 52 week low of $37.34 and a 52 week high of $74.63. The business’s 50 day moving average price is $67.51 and its 200 day moving average price is $58.07. The company has a quick ratio of 1.54, a current ratio of 2.10 and a debt-to-equity ratio of 0.62. The firm has a market cap of $9.03 billion, a P/E ratio of 20.65, a P/E/G ratio of 1.43 and a beta of 1.30.

Flowserve (NYSE:FLS) last announced its quarterly earnings data on Tuesday, October 28th. The industrial products company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.80 by $0.10. The business had revenue of $1.17 billion during 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%. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.62 EPS. Flowserve has set its FY 2025 guidance at 3.400-3.500 EPS. On average, sell-side analysts expect that Flowserve Corporation will post 3.18 earnings per share for the current year.

Flowserve Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 9th. Shareholders of record on Friday, December 26th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, December 26th. Flowserve’s dividend payout ratio (DPR) is currently 24.42%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Flowserve in a research report on Wednesday, October 8th. Zacks Research downgraded shares of Flowserve from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 21st. Bank of America reaffirmed a “neutral” rating and issued a $73.00 price objective (up from $60.00) on shares of Flowserve in a research report on Friday, November 14th. UBS Group boosted their target price on shares of Flowserve from $65.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. Finally, Wall Street Zen lowered shares of Flowserve from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 28th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Flowserve presently has a consensus rating of “Moderate Buy” and a consensus target price of $77.20.

Insider Buying and Selling at Flowserve

In other news, insider Lamar L. Duhon sold 1,609 shares of the business’s stock in a transaction dated 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 transaction, the insider owned 15,116 shares of the company’s stock, valued at $1,050,713.16. The trade was a 9.62% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Amy B. Schwetz sold 47,000 shares of the firm’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $71.02, for a total value of $3,337,940.00. Following the sale, the chief financial officer directly owned 52,628 shares in the company, valued at approximately $3,737,640.56. This trade represents a 47.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 59,276 shares of company stock worth $4,196,578. Insiders own 0.76% of the company’s stock.

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.