Natixis Advisors LLC Trims Position in Flowserve Corporation $FLS

Natixis Advisors LLC lessened its holdings in shares of Flowserve Corporation (NYSE:FLS) by 26.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 59,047 shares of the industrial products company’s stock after selling 21,741 shares during the quarter. Natixis Advisors LLC’s holdings in Flowserve were worth $4,097,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. UBS Group AG lifted its stake in shares of Flowserve by 67.8% during the 3rd quarter. UBS Group AG now owns 4,146,917 shares of the industrial products company’s stock worth $220,367,000 after purchasing an additional 1,676,284 shares during the period. AQR Capital Management LLC lifted its stake in shares of Flowserve by 9.9% during the 3rd quarter. AQR Capital Management LLC now owns 3,230,118 shares of the industrial products company’s stock worth $171,648,000 after purchasing an additional 290,226 shares during the period. Earnest Partners LLC lifted its stake in shares of Flowserve by 5.0% during the 3rd quarter. Earnest Partners LLC now owns 2,885,879 shares of the industrial products company’s stock worth $153,356,000 after purchasing an additional 136,867 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Flowserve by 0.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,445,860 shares of the industrial products company’s stock worth $129,974,000 after purchasing an additional 20,884 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of Flowserve by 625.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,314,195 shares of the industrial products company’s stock worth $122,978,000 after purchasing an additional 1,995,221 shares during the period. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Flowserve Trading Up 1.7%

Shares of FLS opened at $74.74 on Tuesday. The stock’s fifty day simple moving average is $75.54 and its 200 day simple moving average is $76.18. The company has a current ratio of 2.22, a quick ratio of 1.63 and a debt-to-equity ratio of 0.73. Flowserve Corporation has a twelve month low of $45.11 and a twelve month high of $92.41. The firm has a market capitalization of $9.55 billion, a P/E ratio of 27.68, a price-to-earnings-growth ratio of 1.65 and a beta of 1.23.

Flowserve (NYSE:FLS) last released 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 return on equity of 21.46% and a net margin of 7.61%.The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same period last year, the company posted $0.72 earnings per share. The firm’s 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 forecast that Flowserve Corporation will post 4.05 earnings per share for the current year.

Flowserve Announces Dividend

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

Insider Buying and Selling

In related news, Director Brian D. Savoy acquired 1,000 shares of the business’s stock in a transaction on 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 completion of the transaction, the director directly owned 1,000 shares of the company’s stock, valued at $67,340. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.71% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Robert W. Baird set a $98.00 price target on Flowserve in a research note on Monday, February 9th. Weiss Ratings lowered Flowserve from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, May 15th. Citigroup reaffirmed a “buy” rating on shares of Flowserve in a research report on Thursday, April 30th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $83.00 target price on shares of Flowserve in a research report on Thursday, April 30th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $90.00 target price (down from $100.00) on shares of Flowserve in a research report on Tuesday, March 31st. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Flowserve presently has a consensus 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.