Flowserve Corporation $FLS Shares Bought by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans grew its holdings in Flowserve Corporation (NYSE:FLS) by 33.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 2,027,682 shares of the industrial products company’s stock after buying an additional 508,060 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Flowserve were worth $140,729,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of FLS. Massachusetts Financial Services Co. MA lifted its holdings in shares of Flowserve by 104.4% in 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 buying an additional 2,213,406 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Flowserve by 625.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,314,195 shares of the industrial products company’s stock valued at $122,978,000 after buying an additional 1,995,221 shares during the period. UBS Group AG lifted its holdings in shares of Flowserve by 67.8% in the 3rd quarter. UBS Group AG now owns 4,146,917 shares of the industrial products company’s stock valued at $220,367,000 after buying an additional 1,676,284 shares during the period. Merewether Investment Management LP acquired a new stake in shares of Flowserve in the 2nd quarter valued at approximately $46,555,000. Finally, Ceredex Value Advisors LLC lifted its holdings in shares of Flowserve by 109.1% in the 3rd quarter. Ceredex Value Advisors LLC now owns 1,001,985 shares of the industrial products company’s stock valued at $53,245,000 after buying an additional 522,685 shares during the period. 93.93% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FLS has been the subject of several recent analyst reports. Wall Street Zen cut Flowserve from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Robert W. Baird set a $98.00 price target on Flowserve in a report on Monday, February 9th. Jefferies Financial Group reaffirmed a “buy” rating and set a $90.00 price objective (down from $100.00) on shares of Flowserve in a report on Tuesday, March 31st. Stifel Nicolaus set a $92.00 price objective on Flowserve in a report on Friday, May 1st. Finally, Citigroup reaffirmed a “buy” rating on shares of Flowserve in a report on Thursday, April 30th. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Flowserve currently has an average rating of “Moderate Buy” and an average target price of $87.70.

Flowserve Stock Performance

Shares of FLS stock opened at $68.01 on Friday. The stock has a fifty day moving average price of $77.01 and a 200 day moving average price of $75.60. The stock has a market cap of $8.69 billion, a PE ratio of 25.19, a P/E/G ratio of 1.50 and a beta of 1.24. Flowserve Corporation has a 1 year low of $45.11 and a 1 year high of $92.41. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.63 and a current ratio of 2.22.

Flowserve (NYSE:FLS) last issued its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.03. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.17 billion. Flowserve had a return on equity of 21.46% and a net margin of 7.61%.The business’s revenue was down 6.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.72 earnings per share. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. Sell-side analysts forecast that Flowserve Corporation will post 4.05 earnings per share for the current fiscal year.

Flowserve Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Friday, June 26th. Flowserve’s dividend payout ratio (DPR) is currently 32.59%.

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.