17,850 Shares of Flowserve Corporation $FLS Purchased by Robeco Schweiz AG

Robeco Schweiz AG acquired a new position in shares of Flowserve Corporation (NYSE:FLS) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 17,850 shares of the industrial products company’s stock, valued at approximately $1,305,000.

A number of other large investors have also made changes to their positions in the stock. BlackRock Inc. bought a new stake in shares of Flowserve in the second quarter valued at about $999,631,000. PointState Capital LP acquired a new stake in Flowserve during the second quarter worth about $196,837,000. Bank of New York Mellon Corp grew its position in Flowserve by 5.1% during the first quarter. Bank of New York Mellon Corp now owns 2,448,977 shares of the industrial products company’s stock worth $180,024,000 after buying an additional 118,254 shares in the last quarter. Bank of America Corp DE bought a new position in Flowserve during the second quarter valued at about $144,400,000. Finally, William Blair Investment Management LLC bought a new position in Flowserve during the second quarter valued at about $84,869,000. Institutional investors and hedge funds own 93.93% of the company’s stock.

Flowserve Stock Down 0.0%

NYSE FLS opened at $68.20 on Monday. Flowserve Corporation has a 1-year low of $52.37 and a 1-year high of $92.41. The company has a market capitalization of $8.67 billion, a price-to-earnings ratio of 23.93, a PEG ratio of 1.52 and a beta of 1.23. The stock’s 50 day moving average is $74.74 and its two-hundred day moving average is $75.09. 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 (NYSE:FLS) last issued its earnings results on Wednesday, July 29th. The industrial products company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.09. Flowserve had a return on equity of 21.42% and a net margin of 8.01%. The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same period in the prior year, the firm posted $0.91 EPS. Flowserve’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. Equities analysts forecast that Flowserve Corporation will post 4.10 earnings per share for the current fiscal year.

Flowserve Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 9th. Shareholders of record on Friday, September 25th were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Friday, September 25th. Flowserve’s dividend payout ratio is 30.88%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Royal Bank Of Canada cut their price target on Flowserve from $94.00 to $88.00 and set an “outperform” rating for the company in a report on Wednesday, October 14th. Mizuho decreased their price objective on Flowserve from $91.00 to $85.00 and set an “outperform” rating on the stock in a report on Thursday, October 15th. Stifel Nicolaus lifted their price objective on Flowserve from $92.00 to $94.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Weiss Ratings upgraded Flowserve from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday. Finally, The Goldman Sachs Group set a $82.00 target price on Flowserve in a research note on Thursday, July 30th. Seven investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Flowserve presently has an average rating of “Moderate Buy” and a consensus price target of $85.40.

Flowserve Profile

Flowserve Corporation is a global manufacturer of flow-control equipment and related services. The company designs, produces and services pumps, valves, mechanical seals and associated systems used to move, control and protect fluids in industrial processes.

Its products and services support applications across the energy, chemical and petrochemical, water, pharmaceutical, mining, power and general industrial markets. Flowserve also provides aftermarket services, including equipment repair, maintenance, upgrades and replacement parts, helping customers improve the reliability and efficiency of their operations.

Headquartered in Irving, Texas, Flowserve serves customers through manufacturing, sales and service operations in North America, Europe, Asia and other international markets.