Fulton Bank N.A. Takes $498,000 Position in Flowserve Corporation $FLS

Fulton Bank N.A. bought a new position in Flowserve Corporation (NYSE:FLS) in the 2nd quarter, Holdings Channel reports. The firm bought 6,711 shares of the industrial products company’s stock, valued at approximately $498,000.

A number of other large investors have also recently made changes to their positions in the company. BOKF NA bought a new position in Flowserve during the 3rd quarter valued at about $28,000. Atlas Capital Advisors Inc. bought a new stake in Flowserve in the fourth quarter worth about $36,000. Measured Wealth Private Client Group LLC bought a new stake in Flowserve in the third quarter worth about $36,000. IFP Advisors Inc boosted its position 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 valued at $46,000 after buying an additional 163 shares during the period. Finally, Parallel Advisors LLC boosted its position in shares of Flowserve by 20.1% during the third quarter. Parallel Advisors LLC now owns 968 shares of the industrial products company’s stock valued at $51,000 after buying an additional 162 shares during the period. 93.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Royal Bank Of Canada upped their target price on Flowserve from $91.00 to $94.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Weiss Ratings upgraded Flowserve from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday. Stifel Nicolaus boosted their price objective on Flowserve from $92.00 to $94.00 and gave the company a “buy” rating in a report on Friday, July 31st. The Goldman Sachs Group set a $82.00 price objective on Flowserve in a research report on Thursday, July 30th. Finally, Wall Street Zen lowered Flowserve from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Seven investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $86.60.

Flowserve Price Performance

Flowserve stock opened at $81.22 on Friday. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.15 and a quick ratio of 1.58. The stock has a market cap of $10.32 billion, a price-to-earnings ratio of 28.50, a price-to-earnings-growth ratio of 1.80 and a beta of 1.23. The firm has a 50-day moving average of $74.67 and a two-hundred day moving average of $77.10. Flowserve Corporation has a 1 year low of $48.71 and a 1 year high of $92.41.

Flowserve (NYSE:FLS) last issued its earnings results on Wednesday, July 29th. The industrial products company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.16 billion. During the same period last year, the company posted $0.91 earnings per share. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. Flowserve has set its FY 2026 guidance at 4.050-4.200 EPS. On average, research analysts forecast that Flowserve Corporation will post 4.1 earnings per share for the current year.

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.