Isthmus Partners LLC Reduces Stock Position in Flowserve Corporation $FLS

Isthmus Partners LLC cut its stake in Flowserve Corporation (NYSE:FLS) by 96.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,353 shares of the industrial products company’s stock after selling 214,008 shares during the period. Isthmus Partners LLC’s holdings in Flowserve were worth $510,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Thrivent Financial for Lutherans increased its holdings in Flowserve by 33.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 2,027,682 shares of the industrial products company’s stock valued at $140,729,000 after buying an additional 508,060 shares in the last quarter. Pinnacle Associates Ltd. increased its holdings in Flowserve by 26.2% in the fourth quarter. Pinnacle Associates Ltd. now owns 32,265 shares of the industrial products company’s stock valued at $2,239,000 after buying an additional 6,700 shares in the last quarter. Freemont Management S.A. increased its holdings in Flowserve by 196.5% in the fourth quarter. Freemont Management S.A. now owns 25,200 shares of the industrial products company’s stock valued at $1,748,000 after buying an additional 16,700 shares in the last quarter. Castle Rock Wealth Management LLC purchased a new position in Flowserve in the fourth quarter valued at about $736,000. Finally, Strategic Family Wealth Counselors L.L.C. purchased a new position in Flowserve in the fourth quarter valued at about $241,000. 93.93% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Flowserve

In other news, Director Brian D. Savoy bought 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The shares were purchased at an average price of $67.34 per share, for a total transaction of $67,340.00. Following the completion of the transaction, the director owned 1,000 shares in the company, valued at $67,340. The trade was a ? increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.71% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Royal Bank Of Canada lowered their price target on shares of Flowserve from $98.00 to $91.00 and set an “outperform” rating on the stock in a research report on Friday, May 1st. Zacks Research lowered shares of Flowserve from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 15th. Jefferies Financial Group reiterated a “buy” rating and issued a $90.00 price target (down from $100.00) on shares of Flowserve in a research report on Tuesday, March 31st. Stifel Nicolaus set a $92.00 price target on shares of Flowserve in a research report on Friday, May 1st. Finally, Wall Street Zen lowered shares of Flowserve from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $87.70.

Flowserve Stock Down 4.3%

FLS stock opened at $65.06 on Friday. The company’s 50 day simple moving average is $76.65 and its 200-day simple moving average is $75.52. The firm has a market capitalization of $8.32 billion, a PE ratio of 24.10, a P/E/G ratio of 1.46 and a beta of 1.24. Flowserve Corporation has a 12 month low of $45.11 and a 12 month high of $92.41. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.22 and a quick ratio of 1.63.

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

Flowserve Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be given a dividend of $0.22 per share. The ex-dividend date is Friday, June 26th. This represents a $0.88 dividend on an annualized basis and a yield of 1.4%. Flowserve’s dividend payout ratio (DPR) is 32.59%.

About Flowserve

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.