Flowserve Corporation $FLS Shares Sold by John G Ullman & Associates Inc.

John G Ullman & Associates Inc. decreased its position in Flowserve Corporation (NYSE:FLS) by 9.7% during the first quarter, Holdings Channel reports. The firm owned 124,825 shares of the industrial products company’s stock after selling 13,475 shares during the quarter. Flowserve comprises 1.2% of John G Ullman & Associates Inc.’s portfolio, making the stock its 25th largest holding. John G Ullman & Associates Inc.’s holdings in Flowserve were worth $9,176,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Kera Capital Partners Inc. acquired a new stake in shares of Flowserve in the first quarter valued at $223,000. Catalyst Capital Advisors LLC lifted its stake in Flowserve by 33.4% during the 1st quarter. Catalyst Capital Advisors LLC now owns 32,675 shares of the industrial products company’s stock worth $2,402,000 after acquiring an additional 8,175 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Flowserve by 10.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 355,587 shares of the industrial products company’s stock valued at $26,811,000 after acquiring an additional 35,037 shares during the period. Bank of New York Mellon Corp boosted its holdings in Flowserve by 5.1% during the 1st quarter. Bank of New York Mellon Corp now owns 2,448,977 shares of the industrial products company’s stock valued at $180,024,000 after acquiring an additional 118,254 shares during the period. Finally, Hillsdale Investment Management Inc. grew its position in Flowserve by 3.3% in the 1st quarter. Hillsdale Investment Management Inc. now owns 75,350 shares of the industrial products company’s stock valued at $5,539,000 after acquiring an additional 2,400 shares in the last quarter. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have issued reports on FLS shares. Stifel Nicolaus set a $92.00 price target on shares of Flowserve in a research note on Friday, May 1st. Citigroup restated a “buy” rating on shares of Flowserve in a report on Thursday, April 30th. Wall Street Zen downgraded shares of Flowserve from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Jefferies Financial Group reiterated 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. Finally, TD Cowen cut shares of Flowserve from a “buy” rating to a “hold” rating and decreased their price target for the company from $85.00 to $70.00 in a research report on Wednesday, June 24th. Seven research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Flowserve currently has an average rating of “Moderate Buy” and a consensus price target of $86.70.

Insider Transactions at Flowserve

In other news, Director Brian D. Savoy purchased 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The stock was bought at an average price of $67.34 per share, for a total transaction of $67,340.00. Following the completion of the purchase, the director directly owned 1,000 shares of the company’s stock, valued at $67,340. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.71% of the stock is owned by corporate insiders.

Flowserve Price Performance

Shares of NYSE FLS opened at $68.43 on Friday. 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 company has a market cap of $8.75 billion, a price-to-earnings ratio of 25.35, a price-to-earnings-growth ratio of 1.56 and a beta of 1.23. The stock’s 50-day moving average is $72.98 and its two-hundred day moving average is $76.89. Flowserve Corporation has a 1-year low of $48.71 and a 1-year high of $92.41.

Flowserve (NYSE:FLS) last announced 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 during the quarter, compared to analysts’ expectations of $1.17 billion. Flowserve had a return on equity of 21.46% and a net margin of 7.61%.The business’s quarterly revenue was down 6.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.72 EPS. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. Analysts forecast that Flowserve Corporation will post 4.05 EPS for the current fiscal year.

Flowserve Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Friday, June 26th were issued a $0.22 dividend. The ex-dividend date of this dividend was Friday, June 26th. This represents a $0.88 annualized dividend and a yield of 1.3%. Flowserve’s dividend payout ratio (DPR) is 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.