Sanctuary Advisors LLC Purchases New Position in Flowserve Corporation $FLS

Sanctuary Advisors LLC bought a new position in Flowserve Corporation (NYSE:FLS) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 6,896 shares of the industrial products company’s stock, valued at approximately $511,000.

Other large investors have also bought and sold shares of the company. Comprehensive Money Management Services LLC increased its stake in shares of Flowserve by 1.5% in the first quarter. Comprehensive Money Management Services LLC now owns 8,509 shares of the industrial products company’s stock valued at $625,000 after buying an additional 125 shares in the last quarter. BTC Capital Management Inc. raised its stake in shares of Flowserve by 2.5% during the first quarter. BTC Capital Management Inc. now owns 6,531 shares of the industrial products company’s stock worth $480,000 after buying an additional 162 shares during the last quarter. Parallel Advisors LLC lifted its stake in shares of Flowserve by 20.1% in the 3rd quarter. Parallel Advisors LLC now owns 968 shares of the industrial products company’s stock valued at $51,000 after purchasing an additional 162 shares during the period. IFP Advisors Inc lifted its stake in Flowserve by 24.4% in 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, Inspire Advisors LLC raised its position in shares of Flowserve by 3.7% in the 4th quarter. Inspire Advisors LLC now owns 4,667 shares of the industrial products company’s stock valued at $324,000 after acquiring an additional 165 shares during the period. 93.93% of the stock is currently owned by institutional investors.

Flowserve Trading Down 1.8%

FLS opened at $80.49 on Friday. The stock has a market capitalization of $10.23 billion, a price-to-earnings ratio of 28.24, a P/E/G ratio of 1.79 and a beta of 1.23. The company has a quick ratio of 1.58, a current ratio of 2.15 and a debt-to-equity ratio of 0.91. Flowserve Corporation has a twelve month low of $48.71 and a twelve month high of $92.41. The company has a 50-day simple moving average of $75.20 and a 200 day simple moving average of $77.19.

Flowserve (NYSE:FLS) last issued its earnings results on Wednesday, July 29th. The industrial products company reported $0.95 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 company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same period in the previous year, the company earned $0.91 EPS. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. Flowserve has set its FY 2026 guidance at 4.050-4.200 EPS. Analysts predict that Flowserve Corporation will post 4.1 EPS for the current fiscal year.

Flowserve Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Friday, September 25th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.1%. The ex-dividend date is Friday, September 25th. Flowserve’s payout ratio is currently 30.88%.

Analyst Ratings Changes

Several research firms have weighed in on FLS. TD Cowen lowered Flowserve from a “buy” rating to a “hold” rating and reduced their target price for the stock from $85.00 to $70.00 in a report on Wednesday, June 24th. Royal Bank Of Canada lifted their price target on Flowserve from $91.00 to $94.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Stifel Nicolaus boosted their price target on Flowserve from $92.00 to $94.00 and gave the company a “buy” rating in a report on Friday, July 31st. Robert W. Baird set a $93.00 price objective on Flowserve in a research report on Friday, July 31st. Finally, Weiss Ratings downgraded Flowserve from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday. Six investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, Flowserve has an average rating of “Moderate Buy” and an average target price of $86.60.

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.