Robinhood Asset Management LLC Takes Position in Flowserve Corporation $FLS

Robinhood Asset Management LLC purchased a new position in Flowserve Corporation (NYSE:FLS) during the 2nd quarter, HoldingsChannel reports. The fund purchased 183,582 shares of the industrial products company’s stock, valued at approximately $13,614,000. Flowserve makes up approximately 0.7% of Robinhood Asset Management LLC’s investment portfolio, making the stock its 27th largest position.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Callan Family Office LLC purchased a new stake in Flowserve during the 2nd quarter valued at about $203,000. Keating Financial Advisory Services Inc. purchased a new position in Flowserve in the 2nd quarter worth approximately $48,000. Allworth Financial LP purchased a new position in Flowserve in the 2nd quarter worth approximately $167,000. B. Metzler seel. Sohn & Co. AG acquired a new position in shares of Flowserve during the 2nd quarter worth approximately $4,739,000. Finally, NFJ Investment Group LLC acquired a new position in shares of Flowserve during the 2nd quarter worth approximately $26,139,000. 93.93% of the stock is currently owned by institutional investors and hedge funds.

More Flowserve News

Here are the key news stories impacting Flowserve this week:

• Positive Sentiment: Zacks raised its FY2026 EPS estimate to $4.08 from $4.03, FY2027 to $4.61 from $4.59, and FY2028 to $5.18 from $5.13. It also increased Q4 2026, Q4 2027, Q2 2028 and Q1 2028 forecasts. These revisions suggest stronger expected earnings momentum over the next several years.
• Positive Sentiment: The revised FY2026 estimate of $4.08 is close to the broader consensus of $4.10, while the higher FY2027 and FY2028 projections point to continued profit growth beyond the current year.
• Positive Sentiment: Flowserve’s latest reported quarter also provides support: EPS of $0.95 exceeded expectations of $0.86, and revenue of $1.17 billion was slightly above forecasts, despite a 1.6% year-over-year decline. Zacks Industry Outlook Dover, Applied Industrial, Generac and Flowserve

Flowserve Stock Performance

NYSE:FLS opened at $79.33 on Friday. The company’s 50-day moving average is $75.13 and its two-hundred day moving average is $77.17. Flowserve Corporation has a 1-year low of $48.71 and a 1-year high of $92.41. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.15 and a quick ratio of 1.58. The firm has a market capitalization of $10.08 billion, a price-to-earnings ratio of 27.84, a PEG ratio of 1.74 and a beta of 1.23.

Flowserve (NYSE:FLS) last announced its quarterly 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. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. Flowserve had a net margin of 8.01% and a return on equity of 21.42%. The business’s revenue was down 1.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.91 EPS. Flowserve has set its FY 2026 guidance at 4.050-4.200 EPS. Analysts forecast that Flowserve Corporation will post 4.1 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on FLS shares. TD Cowen lowered Flowserve from a “buy” rating to a “hold” rating and dropped their price target for the company from $85.00 to $70.00 in a research report on Wednesday, June 24th. Weiss Ratings upgraded Flowserve from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. The Goldman Sachs Group set a $82.00 price objective on Flowserve in a research note on Thursday, July 30th. Citigroup restated a “buy” rating on shares of Flowserve in a report on Thursday, April 30th. Finally, Royal Bank Of Canada raised their target price on Flowserve from $91.00 to $94.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Seven analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $86.60.

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.