Revolve Wealth Partners LLC Takes Position in Flowserve Corporation $FLS

Revolve Wealth Partners LLC acquired a new stake in shares of Flowserve Corporation (NYSE:FLS) during the second quarter, according to its most recent filing with the SEC. The fund acquired 7,955 shares of the industrial products company’s stock, valued at approximately $590,000.

Other institutional investors have also added to or reduced their stakes in the company. Legacy Wealth Asset Management LLC purchased a new position in Flowserve during the 2nd quarter valued at about $249,000. Castle Rock Wealth Management LLC boosted its position in shares of Flowserve by 9.8% in the second quarter. Castle Rock Wealth Management LLC now owns 12,480 shares of the industrial products company’s stock valued at $903,000 after acquiring an additional 1,115 shares during the period. Dynamic Advisor Solutions LLC boosted its position in shares of Flowserve by 3.9% in the second quarter. Dynamic Advisor Solutions LLC now owns 4,682 shares of the industrial products company’s stock valued at $347,000 after acquiring an additional 176 shares during the period. GAMMA Investing LLC boosted its position in shares of Flowserve by 21.0% in the second quarter. GAMMA Investing LLC now owns 2,775 shares of the industrial products company’s stock valued at $206,000 after acquiring an additional 482 shares during the period. Finally, MassMutual Private Wealth & Trust FSB grew its stake in Flowserve by 62.4% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,301 shares of the industrial products company’s stock valued at $96,000 after acquiring an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Flowserve Stock Up 1.7%

FLS stock opened at $80.81 on Wednesday. The company’s 50 day moving average is $74.45 and its 200 day moving average is $77.06. The stock has a market cap of $10.27 billion, a price-to-earnings ratio of 28.35, a price-to-earnings-growth ratio of 1.76 and a beta of 1.23. The company has a current ratio of 2.15, a quick ratio of 1.58 and a debt-to-equity ratio of 0.91. Flowserve Corporation has a 1-year low of $48.71 and a 1-year high of $92.41.

Flowserve (NYSE:FLS) last announced its earnings results on Wednesday, July 29th. The industrial products company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.09. Flowserve had a net margin of 8.01% and a return on equity of 21.42%. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same period in the previous year, the business posted $0.91 earnings per share. Flowserve’s revenue for the quarter was down 1.6% on a year-over-year basis. Flowserve has set its FY 2026 guidance at 4.050-4.200 EPS. Sell-side analysts predict that Flowserve Corporation will post 4.1 EPS for the current fiscal year.

Flowserve Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Friday, June 26th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, June 26th. Flowserve’s payout ratio is currently 30.88%.

Insider Activity

In related news, Director Brian D. Savoy bought 1,000 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was bought at an average cost of $67.34 per share, for a total transaction of $67,340.00. Following the completion of the transaction, the director owned 1,000 shares of the company’s stock, valued at approximately $67,340. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.71% of the company’s stock.

Wall Street Analysts Forecast Growth

FLS has been the topic of a number of analyst reports. Wall Street Zen lowered shares of Flowserve from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. TD Cowen downgraded shares of Flowserve from a “buy” rating to a “hold” rating and cut their price target for the company from $85.00 to $70.00 in a report on Wednesday, June 24th. Citigroup restated a “buy” rating on shares of Flowserve in a research report on Thursday, April 30th. Weiss Ratings downgraded Flowserve from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, July 28th. Finally, Stifel Nicolaus lifted their price objective on Flowserve from $92.00 to $94.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Six equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $86.60.

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.