J.Safra Asset Management Corp Takes $645,000 Position in Flowserve Corporation $FLS

J.Safra Asset Management Corp bought a new stake in Flowserve Corporation (NYSE:FLS) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 8,696 shares of the industrial products company’s stock, valued at approximately $645,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Global Retirement Partners LLC acquired a new position in Flowserve in the 2nd quarter valued at approximately $38,000. Atlas Capital Advisors Inc. acquired a new stake in shares of Flowserve during the 4th quarter worth approximately $36,000. BOKF NA acquired a new stake in shares of Flowserve during the 3rd quarter worth approximately $28,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Flowserve during the third quarter valued at approximately $36,000. Finally, IFP Advisors Inc increased its position in shares of Flowserve by 24.4% during the third quarter. IFP Advisors Inc now owns 830 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 163 shares during the period. 93.93% of the stock is owned by institutional investors and hedge funds.

Flowserve Stock Performance

NYSE:FLS opened at $80.92 on Monday. Flowserve Corporation has a 1 year low of $48.71 and a 1 year high of $92.41. The firm has a 50 day moving average of $74.82 and a 200-day moving average of $77.12. The company has a current ratio of 2.15, a quick ratio of 1.58 and a debt-to-equity ratio of 0.91. The stock has a market capitalization of $10.29 billion, a P/E ratio of 28.39, a price-to-earnings-growth ratio of 1.80 and a beta of 1.23.

Flowserve (NYSE:FLS) last issued its earnings results on Wednesday, July 29th. The industrial products company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. Flowserve’s revenue was down 1.6% on a year-over-year basis. During the same period last year, the business posted $0.91 EPS. Flowserve has set its FY 2026 guidance at 4.050-4.200 EPS. As a group, sell-side analysts anticipate that Flowserve Corporation will post 4.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

FLS has been the subject of several recent research reports. Citigroup reissued a “buy” rating on shares of Flowserve in a research report on Thursday, April 30th. Wall Street Zen cut Flowserve from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. TD Cowen cut Flowserve from a “buy” rating to a “hold” rating and lowered their price target for the company from $85.00 to $70.00 in a research report on Wednesday, June 24th. Stifel Nicolaus increased their price objective on Flowserve from $92.00 to $94.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Finally, Royal Bank Of Canada lifted their price objective on Flowserve from $91.00 to $94.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Seven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Flowserve currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.60.

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.