Flowserve Corporation $FLS Shares Acquired by Benjamin Edwards Inc.

Benjamin Edwards Inc. increased its stake in Flowserve Corporation (NYSE:FLS) by 389.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,631 shares of the industrial products company’s stock after purchasing an additional 10,846 shares during the period. Benjamin Edwards Inc.’s holdings in Flowserve were worth $1,011,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FLS. Comprehensive Money Management Services LLC grew its stake in Flowserve by 1.5% during the 1st quarter. Comprehensive Money Management Services LLC now owns 8,509 shares of the industrial products company’s stock worth $625,000 after buying an additional 125 shares during the last quarter. BTC Capital Management Inc. increased its position in Flowserve by 2.5% in 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 period. Parallel Advisors LLC lifted its stake in Flowserve by 20.1% in 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 last quarter. 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 last quarter. Finally, Inspire Advisors LLC boosted its holdings in shares of Flowserve by 3.7% during the fourth 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. Institutional investors and hedge funds own 93.93% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on FLS shares. Weiss Ratings lowered shares of Flowserve from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 25th. The Goldman Sachs Group set a $82.00 price objective on shares of Flowserve in a research report on Thursday, July 30th. Stifel Nicolaus boosted their target price on shares of Flowserve from $92.00 to $94.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Robert W. Baird set a $93.00 target price on shares of Flowserve in a research note on Friday, July 31st. Finally, TD Cowen cut shares of Flowserve from a “buy” rating to a “hold” rating and decreased their target price for the stock from $85.00 to $70.00 in a research report on Wednesday, June 24th. Six equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Flowserve presently has an average rating of “Moderate Buy” and an average price target of $86.60.

Flowserve Stock Down 3.2%

Shares of Flowserve stock opened at $76.56 on Wednesday. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.15 and a quick ratio of 1.58. Flowserve Corporation has a 1-year low of $48.71 and a 1-year high of $92.41. The business’s fifty day moving average price is $75.09 and its two-hundred day moving average price is $77.01. The company has a market capitalization of $9.73 billion, a P/E ratio of 26.86, a PEG ratio of 1.76 and a beta of 1.25.

Flowserve (NYSE:FLS) last released its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.09. The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Flowserve had a return on equity of 21.42% and a net margin of 8.01%.The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.91 earnings per share. Flowserve has set its FY 2026 guidance at 4.050-4.200 EPS. As a group, research analysts forecast that Flowserve Corporation will post 4.1 EPS for the current year.

Flowserve Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Friday, September 25th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Friday, September 25th. This represents a $0.88 annualized dividend and a yield of 1.1%. Flowserve’s dividend payout ratio is presently 30.88%.

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.