314,000 Shares in Flowserve Corporation $FLS Acquired by Atlantic Investment Management Inc.

Atlantic Investment Management Inc. bought a new position in shares of Flowserve Corporation (NYSE:FLS) during the fourth quarter, HoldingsChannel.com reports. The firm bought 314,000 shares of the industrial products company’s stock, valued at approximately $21,785,000. Flowserve comprises about 12.3% of Atlantic Investment Management Inc.’s portfolio, making the stock its 3rd biggest position.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BOKF NA acquired a new position in Flowserve during the third quarter worth approximately $28,000. Atlas Capital Advisors Inc. purchased a new position in shares of Flowserve in the fourth quarter valued at $36,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Flowserve in the third quarter valued at $36,000. IFP Advisors Inc boosted its stake in Flowserve by 24.4% during the 3rd quarter. IFP Advisors Inc now owns 830 shares of the industrial products company’s stock valued at $46,000 after acquiring an additional 163 shares during the last quarter. Finally, Parallel Advisors LLC boosted its stake in Flowserve by 20.1% during the 3rd quarter. Parallel Advisors LLC now owns 968 shares of the industrial products company’s stock valued at $51,000 after acquiring an additional 162 shares during the last quarter. Institutional investors and hedge funds own 93.93% of the company’s stock.

Insiders Place Their Bets

In other Flowserve news, Director Brian D. Savoy acquired 1,000 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The shares were purchased at an average price of $67.34 per share, with a total value of $67,340.00. Following the completion of the transaction, the director owned 1,000 shares in the company, valued at $67,340. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.71% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Jefferies Financial Group reiterated a “buy” rating and set a $90.00 price objective (down from $100.00) on shares of Flowserve in a research note on Tuesday, March 31st. Royal Bank Of Canada dropped their price objective on shares of Flowserve from $98.00 to $91.00 and set an “outperform” rating on the stock in a report on Friday, May 1st. The Goldman Sachs Group reiterated a “neutral” rating and issued a $83.00 target price on shares of Flowserve in a research report on Thursday, April 30th. TD Cowen reiterated a “buy” rating on shares of Flowserve in a research report on Friday, May 1st. Finally, Wall Street Zen lowered shares of Flowserve from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Flowserve currently has an average rating of “Moderate Buy” and a consensus price target of $87.70.

Flowserve Price Performance

NYSE FLS opened at $79.00 on Thursday. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.22 and a quick ratio of 1.63. The firm has a market capitalization of $10.10 billion, a price-to-earnings ratio of 29.26, a price-to-earnings-growth ratio of 1.81 and a beta of 1.22. The company has a 50 day simple moving average of $76.09 and a 200-day simple moving average of $76.63. Flowserve Corporation has a 52-week low of $45.11 and a 52-week high of $92.41.

Flowserve (NYSE:FLS) last posted its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.82 by $0.03. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Flowserve had a net margin of 7.61% and a return on equity of 21.46%. The firm’s quarterly revenue was down 6.7% compared to the same quarter last year. During the same period last year, the company posted $0.72 earnings per share. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. Equities research analysts predict that Flowserve Corporation will post 4.05 earnings per share for the current fiscal year.

Flowserve Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th 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 of this dividend is Friday, June 26th. Flowserve’s dividend payout ratio (DPR) is presently 32.59%.

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.