Flowserve Corporation $FLS Position Decreased by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL reduced its holdings in Flowserve Corporation (NYSE:FLS) by 0.7% during the third quarter, Holdings Channel reports. The firm owned 1,342,699 shares of the industrial products company’s stock after selling 8,873 shares during the period. Flowserve makes up 0.7% of Gamco Investors INC. ET AL’s portfolio, making the stock its 24th largest holding. Gamco Investors INC. ET AL’s holdings in Flowserve were worth $71,351,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in Flowserve during the third quarter valued at about $213,000. Aptus Capital Advisors LLC increased its position in shares of Flowserve by 15.3% in the third quarter. Aptus Capital Advisors LLC now owns 175,483 shares of the industrial products company’s stock worth $9,325,000 after acquiring an additional 23,235 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Flowserve by 0.9% in the third quarter. Dimensional Fund Advisors LP now owns 2,445,860 shares of the industrial products company’s stock worth $129,974,000 after acquiring an additional 20,884 shares in the last quarter. Legato Capital Management LLC acquired a new stake in shares of Flowserve during the third quarter valued at approximately $1,121,000. Finally, Focus Partners Advisor Solutions LLC lifted its position in shares of Flowserve by 14.8% in the 3rd quarter. Focus Partners Advisor Solutions LLC now owns 8,882 shares of the industrial products company’s stock valued at $472,000 after acquiring an additional 1,148 shares in the last quarter. 93.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on FLS shares. Royal Bank Of Canada raised their price objective on shares of Flowserve from $83.00 to $96.00 and gave the stock an “outperform” rating in a research note on Monday, February 9th. Robert W. Baird set a $98.00 target price on Flowserve in a report on Monday, February 9th. Stifel Nicolaus raised their target price on Flowserve from $87.00 to $97.00 and gave the stock a “buy” rating in a research report on Monday, February 9th. TD Cowen reiterated a “buy” rating on shares of Flowserve in a report on Thursday, February 19th. Finally, Zacks Research raised Flowserve from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $88.80.

Flowserve Stock Performance

FLS stock opened at $76.21 on Friday. The firm has a 50 day simple moving average of $80.21 and a 200 day simple moving average of $67.73. Flowserve Corporation has a 52 week low of $37.34 and a 52 week high of $92.41. The stock has a market cap of $9.70 billion, a P/E ratio of 29.09, a P/E/G ratio of 1.80 and a beta of 1.27. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.50 and a current ratio of 2.03.

Flowserve (NYSE:FLS) last released its quarterly earnings data on Thursday, February 5th. The industrial products company reported $1.11 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.17. Flowserve had a net margin of 7.32% and a return on equity of 21.19%. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the prior year, the business earned $0.70 EPS. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. Research analysts anticipate that Flowserve Corporation will post 3.18 earnings per share for the current fiscal year.

Flowserve Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Friday, March 27th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.2%. This is a boost from Flowserve’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Friday, March 27th. Flowserve’s dividend payout ratio (DPR) is currently 32.06%.

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.