Inspire Investing LLC Boosts Stock Holdings in Flowserve Corporation $FLS

Inspire Investing LLC raised its holdings in shares of Flowserve Corporation (NYSE:FLS) by 29.1% during the fourth quarter, HoldingsChannel reports. The firm owned 61,823 shares of the industrial products company’s stock after purchasing an additional 13,924 shares during the period. Inspire Investing LLC’s holdings in Flowserve were worth $4,289,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Flowserve by 1,300.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 203,715 shares of the industrial products company’s stock valued at $14,967,000 after buying an additional 189,165 shares in the last quarter. Hillsdale Investment Management Inc. bought a new stake in shares of Flowserve in the 3rd quarter valued at about $3,034,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Flowserve in the 3rd quarter valued at about $2,343,000. Exchange Traded Concepts LLC boosted its holdings in shares of Flowserve by 19.2% in the 4th quarter. Exchange Traded Concepts LLC now owns 128,436 shares of the industrial products company’s stock valued at $8,911,000 after buying an additional 20,725 shares in the last quarter. Finally, Horizon Investments LLC bought a new stake in shares of Flowserve in the 4th quarter valued at about $4,826,000. 93.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on FLS. Wall Street Zen cut shares of Flowserve from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. 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 report on Friday, May 1st. Stifel Nicolaus set a $92.00 price target on shares of Flowserve in a report on Friday, May 1st. Citigroup restated a “buy” rating on shares of Flowserve in a report on Thursday, April 30th. Finally, Zacks Research cut shares of Flowserve from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 15th. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $87.70.

Flowserve Stock Down 1.9%

FLS stock opened at $79.00 on Thursday. The firm has a 50 day moving average of $76.09 and a 200 day moving average of $76.63. The stock has a market capitalization of $10.10 billion, a PE ratio of 29.26, a price-to-earnings-growth ratio of 1.81 and a beta of 1.22. The company has a quick ratio of 1.63, a current ratio of 2.22 and a debt-to-equity ratio of 0.73. Flowserve Corporation has a 52 week low of $45.11 and a 52 week high of $92.41.

Flowserve (NYSE:FLS) last released 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. The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Flowserve had a net margin of 7.61% and a return on equity of 21.46%. Flowserve’s revenue for the quarter was down 6.7% on a year-over-year basis. During the same period last year, the business earned $0.72 EPS. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. Sell-side analysts forecast that Flowserve Corporation will post 4.05 earnings per share for the current year.

Flowserve Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be paid a $0.22 dividend. The ex-dividend date is Friday, June 26th. This represents a $0.88 dividend on an annualized basis and a yield of 1.1%. Flowserve’s dividend payout ratio (DPR) is 32.59%.

Insider Buying and Selling

In related news, Director Brian D. Savoy bought 1,000 shares of the stock in a transaction that occurred on Thursday, May 14th. The stock was bought at an average cost of $67.34 per share, for a total transaction of $67,340.00. Following the purchase, the director directly owned 1,000 shares of the company’s stock, valued at approximately $67,340. This trade represents a ? increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.71% of the stock is owned by company insiders.

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.