UBS Group AG Trims Position in Flowserve Corporation $FLS

UBS Group AG lessened its position in Flowserve Corporation (NYSE:FLS) by 13.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,590,908 shares of the industrial products company’s stock after selling 556,009 shares during the period. UBS Group AG’s holdings in Flowserve were worth $249,137,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of FLS. Goldman Sachs Group Inc. raised its holdings in Flowserve by 48.2% during the first quarter. Goldman Sachs Group Inc. now owns 471,893 shares of the industrial products company’s stock worth $23,047,000 after purchasing an additional 153,553 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in Flowserve during the second quarter worth about $313,000. First Trust Advisors LP boosted its position in shares of Flowserve by 6.0% in the second quarter. First Trust Advisors LP now owns 134,484 shares of the industrial products company’s stock worth $7,040,000 after acquiring an additional 7,624 shares during the last quarter. Cresset Asset Management LLC boosted its holdings in shares of Flowserve by 24.1% in the 2nd quarter. Cresset Asset Management LLC now owns 14,246 shares of the industrial products company’s stock valued at $749,000 after purchasing an additional 2,769 shares during the last quarter. Finally, California Public Employees Retirement System grew its position in Flowserve by 10.5% during the second quarter. California Public Employees Retirement System now owns 232,848 shares of the industrial products company’s stock valued at $12,190,000 after acquiring an additional 22,108 shares during the period. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Flowserve Trading Down 3.4%

NYSE:FLS opened at $84.94 on Wednesday. The company has a market cap of $10.86 billion, a PE ratio of 32.42, a P/E/G ratio of 1.96 and a beta of 1.33. The business’s 50 day moving average is $80.34 and its two-hundred day moving average is $74.16. The company has a quick ratio of 1.50, a current ratio of 2.03 and a debt-to-equity ratio of 0.68. Flowserve Corporation has a 52 week low of $43.47 and a 52 week high of $92.41.

Flowserve (NYSE:FLS) last announced its quarterly earnings results on Thursday, February 5th. The industrial products company reported $1.11 EPS for the quarter, beating the consensus estimate of $0.94 by $0.17. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.26 billion. Flowserve had a net margin of 7.32% and a return on equity of 21.19%. Flowserve’s revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.70 earnings per share. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. On average, analysts predict that Flowserve Corporation will post 4.09 EPS for the current year.

Flowserve Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Friday, March 27th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.0%. This is a boost from Flowserve’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Friday, March 27th. Flowserve’s payout ratio is presently 33.59%.

Analyst Upgrades and Downgrades

FLS has been the topic of a number of research reports. Royal Bank Of Canada raised their target price on shares of Flowserve from $83.00 to $96.00 and gave the company an “outperform” rating in a research note on Monday, February 9th. The Goldman Sachs Group restated a “neutral” rating and set a $88.00 target price on shares of Flowserve in a research note on Monday, February 9th. Wall Street Zen lowered Flowserve from a “buy” rating to a “hold” rating in a research report on Saturday. TD Cowen reiterated a “buy” rating on shares of Flowserve in a research note on Thursday, February 19th. Finally, Robert W. Baird set a $98.00 price objective on Flowserve in a research note on Monday, February 9th. Eight analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $89.70.

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.