Flowserve Corporation $FLS Position Trimmed by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. lessened its holdings in shares of Flowserve Corporation (NYSE:FLS) by 1.8% during the 4th quarter, HoldingsChannel reports. The fund owned 650,815 shares of the industrial products company’s stock after selling 11,870 shares during the period. Vaughan Nelson Investment Management L.P.’s holdings in Flowserve were worth $45,154,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in FLS. Hillsdale Investment Management Inc. acquired a new position in Flowserve in the 3rd quarter valued at approximately $3,034,000. D.A. Davidson & CO. boosted its stake in shares of Flowserve by 67.1% during the 3rd quarter. D.A. Davidson & CO. now owns 34,914 shares of the industrial products company’s stock valued at $1,855,000 after buying an additional 14,025 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in shares of Flowserve by 104.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,333,481 shares of the industrial products company’s stock valued at $230,281,000 after acquiring an additional 2,213,406 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Flowserve during the 3rd quarter valued at $2,343,000. Finally, Paradice Investment Management LLC acquired a new position in shares of Flowserve in the third quarter worth $17,970,000. 93.93% of the stock is owned by hedge funds and other institutional investors.

Flowserve Price Performance

Shares of NYSE:FLS opened at $69.14 on Tuesday. The stock has a market capitalization of $8.80 billion, a P/E ratio of 26.39, a P/E/G ratio of 1.60 and a beta of 1.26. The business has a 50-day moving average of $80.73 and a two-hundred day moving average of $70.22. Flowserve Corporation has a fifty-two week low of $37.34 and a fifty-two week high of $92.41. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.03 and a quick ratio of 1.50.

Flowserve (NYSE:FLS) last issued its quarterly earnings data on Thursday, February 5th. The industrial products company reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.17. Flowserve had a return on equity of 21.19% and a net margin of 7.32%.The business 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 firm posted $0.70 EPS. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. On average, equities research analysts predict that Flowserve Corporation will post 3.18 EPS for the current fiscal year.

Flowserve Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Friday, March 27th will be given a $0.22 dividend. This is a positive change from Flowserve’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, March 27th. Flowserve’s payout ratio is 33.59%.

Analyst Upgrades and Downgrades

FLS has been the topic of a number of recent research reports. Citigroup boosted their target price on Flowserve from $85.00 to $98.00 and gave the company a “buy” rating in a research note on Monday, February 9th. Weiss Ratings downgraded Flowserve from a “buy (b-)” rating to a “hold (c)” rating in a research note on Wednesday, February 18th. Stifel Nicolaus boosted their price target on Flowserve from $87.00 to $97.00 and gave the company a “buy” rating in a research note on Monday, February 9th. Mizuho raised their price objective on shares of Flowserve from $74.00 to $91.00 and gave the company an “outperform” rating in a research report on Monday, February 9th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $88.00 target price on shares of Flowserve in a research note on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Flowserve currently has an average rating of “Moderate Buy” and a consensus price target of $88.80.

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.