William Blair Investment Management LLC Raises Stock Position in Flowserve Corporation $FLS

William Blair Investment Management LLC increased its stake in Flowserve Corporation (NYSE:FLS) by 142.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,048,137 shares of the industrial products company’s stock after acquiring an additional 615,769 shares during the quarter. William Blair Investment Management LLC’s holdings in Flowserve were worth $72,720,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC increased its holdings in Flowserve by 3.9% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 4,181 shares of the industrial products company’s stock worth $222,000 after acquiring an additional 157 shares in the last quarter. Parallel Advisors LLC increased its holdings in Flowserve by 20.1% in the 3rd quarter. Parallel Advisors LLC now owns 968 shares of the industrial products company’s stock worth $51,000 after acquiring an additional 162 shares in the last quarter. IFP Advisors Inc grew its holdings in shares of Flowserve by 24.4% during the third quarter. IFP Advisors Inc now owns 830 shares of the industrial products company’s stock worth $46,000 after buying an additional 163 shares in the last quarter. Pallas Capital Advisors LLC grew its holdings in shares of Flowserve by 0.8% during the fourth quarter. Pallas Capital Advisors LLC now owns 25,939 shares of the industrial products company’s stock worth $1,800,000 after buying an additional 217 shares in the last quarter. Finally, Public Employees Retirement System of Ohio grew its holdings in shares of Flowserve by 0.5% during the third quarter. Public Employees Retirement System of Ohio now owns 45,527 shares of the industrial products company’s stock worth $2,419,000 after buying an additional 217 shares in the last quarter. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Flowserve Price Performance

Flowserve stock opened at $69.63 on Monday. The company has a fifty day simple moving average of $75.55 and a 200-day simple moving average of $75.74. The company has a quick ratio of 1.63, a current ratio of 2.22 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $8.90 billion, a price-to-earnings ratio of 25.79, a PEG ratio of 1.57 and a beta of 1.24. Flowserve Corporation has a 52-week low of $45.11 and a 52-week high of $92.41.

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

Flowserve Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Friday, June 26th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Friday, June 26th. This represents a $0.88 annualized dividend and a dividend yield of 1.3%. Flowserve’s payout ratio is presently 32.59%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on FLS shares. Jefferies Financial Group reaffirmed a “buy” rating and set a $90.00 target price (down from $100.00) on shares of Flowserve in a report on Tuesday, March 31st. Mizuho upped their target price on shares of Flowserve from $74.00 to $91.00 and gave the stock an “outperform” rating in a report on Monday, February 9th. Zacks Research lowered shares of Flowserve from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 15th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $83.00 target price on shares of Flowserve in a report on Thursday, April 30th. Finally, Robert W. Baird set a $98.00 target price on shares of Flowserve in a report on Monday, February 9th. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Flowserve has a consensus rating of “Moderate Buy” and an average price target of $87.70.

Insider Buying and Selling at Flowserve

In other news, Director Brian D. Savoy purchased 1,000 shares of the stock in a transaction dated Thursday, May 14th. The shares were purchased at an average price of $67.34 per share, with a total value of $67,340.00. Following the transaction, the director owned 1,000 shares in the company, valued at $67,340. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.71% 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.