136,701 Shares in Flowserve Corporation $FLS Purchased by Intech Investment Management LLC

Intech Investment Management LLC purchased a new stake in shares of Flowserve Corporation (NYSE:FLS) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 136,701 shares of the industrial products company’s stock, valued at approximately $7,264,000. Intech Investment Management LLC owned about 0.11% of Flowserve at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. First Horizon Advisors Inc. bought a new position in shares of Flowserve during the 2nd quarter valued at approximately $26,000. Hantz Financial Services Inc. raised its stake in Flowserve by 149.8% during the second quarter. Hantz Financial Services Inc. now owns 697 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 418 shares in the last quarter. Bruce G. Allen Investments LLC purchased a new stake in Flowserve during the third quarter valued at $40,000. Toth Financial Advisory Corp bought a new position in Flowserve during the third quarter valued at $53,000. Finally, CENTRAL TRUST Co purchased a new position in shares of Flowserve in the 3rd quarter worth $61,000. Institutional investors own 93.93% of the company’s stock.

Flowserve Trading Down 1.1%

Shares of NYSE:FLS opened at $88.24 on Friday. The company has a market capitalization of $11.23 billion, a PE ratio of 33.68, a P/E/G ratio of 1.97 and a beta of 1.29. The company has a current ratio of 2.03, a quick ratio of 1.50 and a debt-to-equity ratio of 0.68. Flowserve Corporation has a 12-month low of $37.34 and a 12-month high of $92.41. The business’s fifty day simple moving average is $79.11 and its 200-day simple moving average is $66.72.

Flowserve (NYSE:FLS) last posted its earnings results on Thursday, February 5th. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.17. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.26 billion. Flowserve had a return on equity of 21.19% and a net margin of 7.32%.The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.70 earnings per share. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. As a group, equities research analysts predict that Flowserve Corporation will post 3.18 earnings per share for the current fiscal year.

Flowserve Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Friday, March 27th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Friday, March 27th. This is a positive change from Flowserve’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a yield of 1.0%. Flowserve’s dividend payout ratio is currently 32.06%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on FLS. Robert W. Baird set a $98.00 target price on shares of Flowserve in a research report on Monday, February 9th. Mizuho upped their price objective on Flowserve from $74.00 to $91.00 and gave the company an “outperform” rating in a research report on Monday, February 9th. Weiss Ratings lowered Flowserve from a “buy (b-)” rating to a “hold (c)” rating in a research note on Wednesday, February 18th. UBS Group lifted their target price on Flowserve from $65.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th. Finally, Stifel Nicolaus increased their price target on Flowserve from $87.00 to $97.00 and gave the company a “buy” rating in a report on Monday, February 9th. Eight equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $88.80.

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.