DUTCH ASSET Corp Grows Stock Holdings in Flowserve Corporation $FLS

DUTCH ASSET Corp increased its position in shares of Flowserve Corporation (NYSE:FLS) by 99.3% in the first quarter, HoldingsChannel.com reports. The firm owned 17,312 shares of the industrial products company’s stock after acquiring an additional 8,627 shares during the quarter. Flowserve comprises 0.9% of DUTCH ASSET Corp’s holdings, making the stock its 26th largest position. DUTCH ASSET Corp’s holdings in Flowserve were worth $1,273,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of FLS. BOKF NA acquired a new stake in Flowserve in the third quarter valued at $28,000. Atlas Capital Advisors Inc. acquired a new position in shares of Flowserve during the 4th quarter worth about $36,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Flowserve during the 3rd quarter worth about $36,000. IFP Advisors Inc increased its holdings in shares of Flowserve by 24.4% in 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 increased its holdings in shares of Flowserve by 20.1% in 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. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Insider Buying and Selling at Flowserve

In related news, Director Brian D. Savoy bought 1,000 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were acquired at an average price of $67.34 per share, with a total value of $67,340.00. Following the completion of the acquisition, the director owned 1,000 shares in the company, valued at approximately $67,340. This trade represents a ? increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.71% of the company’s stock.

Flowserve Price Performance

FLS stock opened at $66.73 on Tuesday. Flowserve Corporation has a twelve month low of $48.71 and a twelve month high of $92.41. The company has a current ratio of 2.22, a quick ratio of 1.63 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $8.53 billion, a P/E ratio of 24.71, a PEG ratio of 1.54 and a beta of 1.23. The business has a 50 day simple moving average of $72.90 and a 200-day simple moving average of $76.91.

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

Flowserve Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Friday, June 26th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Friday, June 26th. Flowserve’s dividend payout ratio (DPR) is presently 32.59%.

Analyst Ratings Changes

FLS has been the subject of several recent analyst reports. Zacks Research cut Flowserve from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 15th. Citigroup reiterated a “buy” rating on shares of Flowserve in a research note on Thursday, April 30th. Royal Bank Of Canada cut 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. Wall Street Zen downgraded shares of Flowserve from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Finally, TD Cowen lowered shares of Flowserve from a “buy” rating to a “hold” rating and cut their price target for the stock from $85.00 to $70.00 in a research note on Wednesday, June 24th. Seven investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $86.70.

Flowserve 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.