Quantbot Technologies LP Purchases New Stake in Flowserve Corporation $FLS

Quantbot Technologies LP acquired a new position in shares of Flowserve Corporation (NYSE:FLS) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 46,419 shares of the industrial products company’s stock, valued at approximately $2,467,000.

Several other large investors have also recently bought and sold shares of the business. Massachusetts Financial Services Co. MA boosted its position in shares of Flowserve by 104.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,333,481 shares of the industrial products company’s stock worth $230,281,000 after purchasing an additional 2,213,406 shares in the last quarter. Boston Partners purchased a new position in shares of Flowserve in the 2nd quarter valued at about $223,561,000. AQR Capital Management LLC lifted its stake in shares of Flowserve by 7.2% in the second quarter. AQR Capital Management LLC now owns 2,939,892 shares of the industrial products company’s stock valued at $153,903,000 after purchasing an additional 197,406 shares during the period. JPMorgan Chase & Co. boosted its holdings in Flowserve by 625.5% during the third quarter. JPMorgan Chase & Co. now owns 2,314,195 shares of the industrial products company’s stock worth $122,978,000 after buying an additional 1,995,221 shares in the last quarter. Finally, Fisher Asset Management LLC grew its position in Flowserve by 78.8% during the second quarter. Fisher Asset Management LLC now owns 1,858,621 shares of the industrial products company’s stock worth $97,299,000 after buying an additional 819,206 shares during the period. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Flowserve Price Performance

FLS stock opened at $83.51 on Wednesday. The stock’s 50 day moving average price is $79.67 and its 200 day moving average price is $67.36. The firm has a market cap of $10.63 billion, a P/E ratio of 31.87, a PEG ratio of 1.94 and a beta of 1.27. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.50 and a current ratio of 2.03. Flowserve Corporation has a 1 year low of $37.34 and a 1 year high of $92.41.

Flowserve (NYSE:FLS) last released its quarterly earnings results on Thursday, February 5th. The industrial products company reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.17. Flowserve had a return on equity of 21.19% and a net margin of 7.32%.The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same period in the previous year, the firm posted $0.70 earnings per share. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. On average, sell-side analysts expect 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. Shareholders of record on Friday, March 27th will be issued a $0.22 dividend. This is a positive change from Flowserve’s previous quarterly dividend of $0.21. The ex-dividend date is Friday, March 27th. This represents a $0.88 dividend on an annualized basis and a yield of 1.1%. Flowserve’s payout ratio is currently 32.06%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on FLS. Bank of America reiterated a “neutral” rating and set a $73.00 price target (up from $60.00) on shares of Flowserve in a research report on Friday, November 14th. Mizuho raised their price objective on Flowserve from $74.00 to $91.00 and gave the company an “outperform” rating in a research note on Monday, February 9th. Robert W. Baird set a $98.00 price objective on Flowserve in a report on Monday, February 9th. TD Cowen reiterated a “buy” rating on shares of Flowserve in a research report on Thursday, February 19th. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $88.00 price target on shares of Flowserve in a research report on Monday, February 9th. Eight analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Flowserve presently has a consensus rating of “Moderate Buy” and an average price target of $88.80.

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.