State of Wyoming Has $934,000 Holdings in Flowserve Corporation $FLS

State of Wyoming grew its stake in Flowserve Corporation (NYSE:FLS) by 183.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,458 shares of the industrial products company’s stock after buying an additional 8,704 shares during the quarter. State of Wyoming’s holdings in Flowserve were worth $934,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in FLS. Goldman Sachs Group Inc. boosted its holdings in shares of Flowserve by 48.2% in the first quarter. Goldman Sachs Group Inc. now owns 471,893 shares of the industrial products company’s stock valued at $23,047,000 after buying an additional 153,553 shares during the period. Sivia Capital Partners LLC acquired a new position in shares of Flowserve in the second quarter valued at approximately $313,000. First Trust Advisors LP boosted its holdings 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 valued at $7,040,000 after buying an additional 7,624 shares during the period. Cresset Asset Management LLC boosted its holdings in shares of Flowserve by 24.1% in the second quarter. Cresset Asset Management LLC now owns 14,246 shares of the industrial products company’s stock valued at $749,000 after buying an additional 2,769 shares during the period. Finally, California Public Employees Retirement System boosted its holdings in shares of Flowserve by 10.5% in 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 buying an additional 22,108 shares during the period. Institutional investors and hedge funds own 93.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group reiterated a “neutral” rating and issued a $83.00 price target on shares of Flowserve in a report on Thursday, April 30th. Weiss Ratings cut shares of Flowserve from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 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 report on Tuesday, March 31st. Robert W. Baird set a $98.00 price target on shares of Flowserve in a report on Monday, February 9th. Finally, Zacks Research cut shares of Flowserve from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 15th. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $87.70.

Flowserve Stock Performance

Shares of FLS opened at $75.56 on Thursday. Flowserve Corporation has a 12 month low of $45.11 and a 12 month high of $92.41. The firm has a fifty day simple moving average of $75.56 and a 200 day simple moving average of $76.01. The stock has a market capitalization of $9.66 billion, a price-to-earnings ratio of 27.98, a PEG ratio of 1.72 and a beta of 1.22. The company has a current ratio of 2.22, a quick ratio of 1.63 and a debt-to-equity ratio of 0.73.

Flowserve (NYSE:FLS) last announced its earnings results on Wednesday, April 29th. The industrial products company reported $0.85 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter in the prior year, the company posted $0.72 earnings per share. 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 4.05 EPS for the current fiscal year.

Flowserve Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be issued a dividend of $0.22 per share. The ex-dividend date is Friday, June 26th. This represents a $0.88 annualized dividend and a yield of 1.2%. Flowserve’s dividend payout ratio is presently 32.59%.

Insider Buying and Selling

In other Flowserve news, Director Brian D. Savoy bought 1,000 shares of Flowserve stock in a transaction that occurred on Thursday, May 14th. The stock was acquired at an average price of $67.34 per share, for a total transaction of $67,340.00. Following the completion of the acquisition, the director owned 1,000 shares of the company’s stock, valued at $67,340. This trade represents a ? increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.71% of the company’s stock.

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.