Vest Financial LLC Buys Shares of 21,634 Flowserve Corporation $FLS

Vest Financial LLC bought a new stake in shares of Flowserve Corporation (NYSE:FLS) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 21,634 shares of the industrial products company’s stock, valued at approximately $1,501,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Massachusetts Financial Services Co. MA increased its stake in shares of Flowserve by 104.4% during the third 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 purchasing an additional 2,213,406 shares in the last quarter. UBS Group AG increased its stake in shares of Flowserve by 67.8% during the third quarter. UBS Group AG now owns 4,146,917 shares of the industrial products company’s stock valued at $220,367,000 after purchasing an additional 1,676,284 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of 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 valued at $171,648,000 after purchasing an additional 290,226 shares in the last quarter. Earnest Partners LLC increased its stake in shares of Flowserve by 5.0% during the third quarter. Earnest Partners LLC now owns 2,885,879 shares of the industrial products company’s stock valued at $153,356,000 after purchasing an additional 136,867 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of 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 valued at $129,974,000 after purchasing an additional 20,884 shares in the last quarter. Institutional investors own 93.93% of the company’s stock.

Analysts Set New Price Targets

FLS has been the subject of a number of analyst reports. Citigroup reaffirmed a “buy” rating on shares of Flowserve in a research note on Thursday. Wall Street Zen downgraded shares of Flowserve from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Mizuho raised their target price on shares of Flowserve from $74.00 to $91.00 and gave the company an “outperform” rating in a research note on Monday, February 9th. TD Cowen reaffirmed a “buy” rating on shares of Flowserve in a research note on Thursday, February 19th. Finally, Robert W. Baird set a $98.00 price target on shares of Flowserve in a research report on Monday, February 9th. Seven research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $89.20.

Flowserve Trading Down 12.6%

NYSE:FLS opened at $73.68 on Friday. The company has a current ratio of 2.03, a quick ratio of 1.50 and a debt-to-equity ratio of 0.68. Flowserve Corporation has a 12 month low of $45.05 and a 12 month high of $92.41. The company has a market cap of $9.41 billion, a PE ratio of 27.29, a price-to-earnings-growth ratio of 1.88 and a beta of 1.33. The company has a 50 day simple moving average of $79.96 and a two-hundred day simple moving average of $74.22.

Flowserve (NYSE:FLS) last posted its earnings results on Wednesday, April 29th. The industrial products company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.03. Flowserve had a net margin of 7.61% and a return on equity of 21.45%. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the previous year, the firm posted $0.72 EPS. The firm’s revenue was down 6.7% on a year-over-year basis. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. Research analysts forecast that Flowserve Corporation will post 4.09 earnings per share for the current year.

Flowserve Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Friday, March 27th were given a $0.22 dividend. This is a boost from Flowserve’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Friday, March 27th. This represents a $0.88 dividend on an annualized basis and a yield of 1.2%. Flowserve’s payout ratio is presently 33.59%.

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.