Hillsdale Investment Management Inc. Has $5.06 Million Stake in Flowserve Corporation $FLS

Hillsdale Investment Management Inc. increased its holdings in Flowserve Corporation (NYSE:FLS) by 27.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 72,950 shares of the industrial products company’s stock after buying an additional 15,850 shares during the period. Hillsdale Investment Management Inc.’s holdings in Flowserve were worth $5,061,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. UBS Group AG raised its position in shares of Flowserve by 67.8% in 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 raised its position in shares of Flowserve by 9.9% in 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 raised its position in shares of Flowserve by 5.0% in 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. Dimensional Fund Advisors LP raised 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 valued at $129,974,000 after buying an additional 20,884 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Flowserve by 625.5% in the third 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 in the last quarter. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on FLS shares. The Goldman Sachs Group reiterated a “neutral” rating and issued a $83.00 price target on shares of Flowserve in a research report on Thursday, April 30th. Citigroup reiterated a “buy” rating on shares of Flowserve in a research report on Thursday, April 30th. TD Cowen restated a “buy” rating on shares of Flowserve in a research report on Friday, May 1st. Mizuho boosted 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, Royal Bank Of Canada lowered their price objective on shares of Flowserve from $98.00 to $91.00 and set an “outperform” rating for the company in a research report on Friday, May 1st. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $87.70.

Insider Buying and Selling at Flowserve

In related news, Director Brian D. Savoy bought 1,000 shares of the firm’s stock in a transaction on 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 completion of the purchase, the director owned 1,000 shares in the company, valued at $67,340. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.71% of the company’s stock.

Flowserve Stock Up 0.3%

Shares of FLS opened at $75.41 on Friday. Flowserve Corporation has a one year low of $45.11 and a one year high of $92.41. The company has a market cap of $9.64 billion, a P/E ratio of 27.93, a P/E/G ratio of 1.70 and a beta of 1.24. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.22 and a quick ratio of 1.63. The firm has a 50 day simple moving average of $75.43 and a two-hundred day simple moving average of $75.83.

Flowserve (NYSE:FLS) last announced its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $0.85 EPS for the quarter, beating the consensus estimate 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 period in the previous year, the business earned $0.72 earnings per share. The company’s revenue was down 6.7% on a year-over-year basis. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. Research analysts forecast that Flowserve Corporation will post 4.05 EPS for the current fiscal year.

Flowserve Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 26th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, June 26th. Flowserve’s payout ratio is presently 32.59%.

Flowserve 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.