Flowserve (NYSE:FLS) Director Brian Savoy Buys 1,000 Shares

Flowserve Corporation (NYSE:FLS) Director Brian Savoy purchased 1,000 shares of the firm’s stock in a transaction dated Thursday, May 14th. The shares were bought at an average cost of $67.34 per share, with a total value of $67,340.00. Following the transaction, the director directly owned 1,000 shares of the company’s stock, valued at approximately $67,340. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Flowserve Stock Down 4.3%

FLS stock opened at $65.06 on Friday. Flowserve Corporation has a twelve month low of $45.11 and a twelve month high of $92.41. The company has a current ratio of 2.22, a quick ratio of 1.63 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $8.32 billion, a P/E ratio of 24.10, a PEG ratio of 1.53 and a beta of 1.24. The firm has a 50 day simple moving average of $76.65 and a 200-day simple moving average of $75.52.

Flowserve (NYSE:FLS) last released its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.03. Flowserve had a net margin of 7.61% and a return on equity of 21.46%. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter last year, the company earned $0.72 earnings per share. The business’s quarterly revenue was down 6.7% compared to the same quarter last year. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. On average, equities research analysts predict that Flowserve Corporation will post 4.05 earnings per share for the current fiscal year.

Flowserve Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be paid a dividend of $0.22 per share. The ex-dividend date is Friday, June 26th. This represents a $0.88 annualized dividend and a yield of 1.4%. Flowserve’s dividend payout ratio (DPR) is 32.59%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Massachusetts Financial Services Co. MA increased its holdings in shares of Flowserve by 104.4% during the third 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 purchasing an additional 2,213,406 shares during the period. UBS Group AG boosted its stake in Flowserve by 67.8% during the third 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 in the last quarter. AQR Capital Management LLC boosted its stake in Flowserve by 9.9% during the third quarter. AQR Capital Management LLC now owns 3,230,118 shares of the industrial products company’s stock valued at $171,648,000 after buying an additional 290,226 shares in the last quarter. Earnest Partners LLC boosted its stake in Flowserve by 5.0% during the third quarter. Earnest Partners LLC now owns 2,885,879 shares of the industrial products company’s stock valued at $153,356,000 after buying an additional 136,867 shares in the last quarter. Finally, Nuveen LLC boosted its stake in Flowserve by 6.1% during the fourth quarter. Nuveen LLC now owns 2,777,288 shares of the industrial products company’s stock valued at $192,688,000 after buying an additional 158,661 shares in the last quarter. 93.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Jefferies Financial Group restated a “buy” rating and set a $90.00 price objective (down from $100.00) on shares of Flowserve in a research note on Tuesday, March 31st. Wall Street Zen cut Flowserve from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Royal Bank Of Canada reduced their price objective on Flowserve from $98.00 to $91.00 and set an “outperform” rating on the stock in a research note on Friday, May 1st. Weiss Ratings upgraded Flowserve from a “hold (c+)” rating to a “buy (b)” rating in a research note on Friday, May 1st. Finally, Stifel Nicolaus set a $92.00 price objective on Flowserve in a research note on Friday, May 1st. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Flowserve presently has an average rating of “Moderate Buy” and a consensus price target of $87.70.

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.