Krilogy Financial LLC Takes $507,000 Position in Flowserve Corporation $FLS

Krilogy Financial LLC purchased a new position in Flowserve Corporation (NYSE:FLS) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 9,538 shares of the industrial products company’s stock, valued at approximately $507,000.

A number of other hedge funds also recently bought and sold shares of FLS. Massachusetts Financial Services Co. MA increased its stake in 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 valued at $230,281,000 after purchasing an additional 2,213,406 shares in the last quarter. Boston Partners bought a new stake in shares of Flowserve during the second quarter valued at approximately $223,561,000. AQR Capital Management LLC raised its holdings in Flowserve by 7.2% in the 2nd quarter. AQR Capital Management LLC now owns 2,939,892 shares of the industrial products company’s stock worth $153,903,000 after acquiring an additional 197,406 shares during the last quarter. Fisher Asset Management LLC raised its holdings in Flowserve by 78.8% in the 2nd quarter. Fisher Asset Management LLC now owns 1,858,621 shares of the industrial products company’s stock worth $97,299,000 after acquiring an additional 819,206 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Flowserve by 13.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,706,409 shares of the industrial products company’s stock valued at $89,331,000 after acquiring an additional 197,757 shares in the last quarter. Institutional investors own 93.93% of the company’s stock.

Flowserve Stock Up 3.2%

FLS stock opened at $89.76 on Friday. The company has a market cap of $11.41 billion, a price-to-earnings ratio of 34.26, a P/E/G ratio of 1.99 and a beta of 1.29. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.50 and a current ratio of 2.03. The business’s 50-day moving average is $75.51 and its two-hundred day moving average is $64.32. Flowserve Corporation has a fifty-two week low of $37.34 and a fifty-two week high of $90.48.

Flowserve (NYSE:FLS) last released its quarterly earnings results on Thursday, February 5th. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the previous year, the company posted $0.70 EPS. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. As a group, analysts forecast that Flowserve Corporation will post 3.18 earnings per share for the current year.

Flowserve Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Friday, March 27th will be given a $0.22 dividend. The ex-dividend date is Friday, March 27th. This is a boost from Flowserve’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a yield of 1.0%. Flowserve’s payout ratio is 32.06%.

Analyst Upgrades and Downgrades

FLS has been the subject of a number of research analyst reports. Royal Bank Of Canada lifted their target price on Flowserve from $83.00 to $96.00 and gave the stock an “outperform” rating in a report on Monday, February 9th. TD Cowen reaffirmed a “buy” rating on shares of Flowserve in a report on Tuesday, November 4th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $88.00 price objective on shares of Flowserve in a report on Monday, February 9th. Robert W. Baird set a $98.00 target price on shares of Flowserve in a research note on Monday, February 9th. Finally, UBS Group raised their price target on shares of Flowserve from $65.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. Nine research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus 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.