Quantbot Technologies LP Makes New Investment in Flowserve Corporation $FLS

Quantbot Technologies LP acquired a new stake in Flowserve Corporation (NYSE:FLS) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 9,053 shares of the industrial products company’s stock, valued at approximately $671,000.

Other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of Flowserve in the 2nd quarter worth about $999,631,000. Bank of New York Mellon Corp acquired a new position in Flowserve during the 2nd quarter valued at about $177,380,000. Norges Bank bought a new stake in Flowserve during the 4th quarter worth approximately $117,964,000. UBS Group AG increased its holdings in Flowserve by 67.8% during the 3rd quarter. UBS Group AG now owns 4,146,917 shares of the industrial products company’s stock worth $220,367,000 after purchasing an additional 1,676,284 shares in the last quarter. Finally, William Blair Investment Management LLC bought a new stake in Flowserve during the 2nd quarter worth approximately $84,869,000. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Flowserve Price Performance

Flowserve stock opened at $82.03 on Friday. Flowserve Corporation has a 52 week low of $48.71 and a 52 week high of $92.41. The company’s 50 day moving average price is $75.23 and its two-hundred day moving average price is $77.17. The company has a quick ratio of 1.58, a current ratio of 2.15 and a debt-to-equity ratio of 0.91. The stock has a market cap of $10.43 billion, a P/E ratio of 28.78, a P/E/G ratio of 1.84 and a beta of 1.23.

Flowserve (NYSE:FLS) last released 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 company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. Flowserve had a return on equity of 21.42% and a net margin of 8.01%.Flowserve’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.91 earnings per share. Flowserve has set its FY 2026 guidance at 4.050-4.200 EPS. On average, equities analysts predict that Flowserve Corporation will post 4.1 earnings per share for the current year.

Flowserve Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Friday, September 25th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Friday, September 25th. This represents a $0.88 annualized dividend and a dividend yield of 1.1%. Flowserve’s dividend payout ratio (DPR) is currently 30.88%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on FLS shares. Stifel Nicolaus raised their target price on Flowserve from $92.00 to $94.00 and gave the company a “buy” rating in a report on Friday, July 31st. Royal Bank Of Canada upped their price target on Flowserve from $91.00 to $94.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. The Goldman Sachs Group set a $82.00 price target on Flowserve in a research report on Thursday, July 30th. Robert W. Baird set a $93.00 price objective on Flowserve in a research note on Friday, July 31st. Finally, TD Cowen downgraded shares of Flowserve from a “buy” rating to a “hold” rating and cut their price objective for the stock from $85.00 to $70.00 in a report on Wednesday, June 24th. Six equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Flowserve presently has an average rating of “Moderate Buy” and an average price target of $86.60.

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.