Flowserve Corporation $FLS Shares Purchased by Comerica Bank

Comerica Bank grew its holdings in shares of Flowserve Corporation (NYSE:FLS) by 17.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 75,570 shares of the industrial products company’s stock after purchasing an additional 11,317 shares during the quarter. Comerica Bank’s holdings in Flowserve were worth $5,243,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FLS. 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 valued at $230,281,000 after acquiring an additional 2,213,406 shares during the last quarter. UBS Group AG raised its holdings in Flowserve by 67.8% in the 3rd quarter. UBS Group AG now owns 4,146,917 shares of the industrial products company’s stock valued at $220,367,000 after buying an additional 1,676,284 shares during the period. AQR Capital Management LLC increased its stake in Flowserve by 9.9% during the third quarter. AQR Capital Management LLC now owns 3,230,118 shares of the industrial products company’s stock worth $171,648,000 after purchasing an additional 290,226 shares during the period. Earnest Partners LLC increased its stake in Flowserve by 5.0% during the third quarter. Earnest Partners LLC now owns 2,885,879 shares of the industrial products company’s stock worth $153,356,000 after purchasing an additional 136,867 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Flowserve by 0.9% during the third quarter. Dimensional Fund Advisors LP now owns 2,445,860 shares of the industrial products company’s stock worth $129,974,000 after purchasing an additional 20,884 shares during the period. Institutional investors and hedge funds own 93.93% of the company’s stock.

Flowserve Stock Performance

Shares of Flowserve stock opened at $71.68 on Friday. The firm has a market capitalization of $9.16 billion, a P/E ratio of 26.55, a P/E/G ratio of 1.65 and a beta of 1.33. Flowserve Corporation has a 52 week low of $45.11 and a 52 week high of $92.41. The company has a quick ratio of 1.50, a current ratio of 2.22 and a debt-to-equity ratio of 0.73. The firm’s 50 day moving average is $79.96 and its two-hundred day moving average is $74.22.

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

Flowserve Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Friday, March 27th were paid a $0.22 dividend. This is an increase from Flowserve’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a yield of 1.2%. The ex-dividend date was Friday, March 27th. Flowserve’s payout ratio is currently 32.59%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Zacks Research lowered shares of Flowserve from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 15th. Weiss Ratings lowered shares of Flowserve from a “buy (b-)” rating to a “hold (c)” rating in a research note on Wednesday, February 18th. Royal Bank Of Canada cut their target price on shares of Flowserve from $98.00 to $91.00 and set an “outperform” rating on the stock in a research note on Friday. Wall Street Zen lowered shares of Flowserve from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Finally, Stifel Nicolaus set a $92.00 target price on shares of Flowserve in a research note on Friday. Seven analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $87.70.

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.