Catalyst Capital Advisors LLC Grows Stock Position in Flowserve Corporation $FLS

Catalyst Capital Advisors LLC grew its position in Flowserve Corporation (NYSE:FLS) by 33.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 32,675 shares of the industrial products company’s stock after acquiring an additional 8,175 shares during the period. Catalyst Capital Advisors LLC’s holdings in Flowserve were worth $2,402,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC lifted its position in Flowserve by 10.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 355,587 shares of the industrial products company’s stock worth $26,811,000 after buying an additional 35,037 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Flowserve by 5.1% during the first quarter. Bank of New York Mellon Corp now owns 2,448,977 shares of the industrial products company’s stock worth $180,024,000 after purchasing an additional 118,254 shares in the last quarter. Hillsdale Investment Management Inc. grew its position in Flowserve by 3.3% in the 1st quarter. Hillsdale Investment Management Inc. now owns 75,350 shares of the industrial products company’s stock valued at $5,539,000 after acquiring an additional 2,400 shares in the last quarter. Calamos Advisors LLC acquired a new position in shares of Flowserve in the first quarter valued at approximately $3,466,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new stake in shares of Flowserve during the first quarter worth $222,000. 93.93% of the stock is owned by hedge funds and other institutional investors.

Flowserve Price Performance

Shares of NYSE FLS opened at $68.43 on Friday. The stock has a market cap of $8.75 billion, a price-to-earnings ratio of 25.35, a PEG ratio of 1.56 and a beta of 1.23. Flowserve Corporation has a 52 week low of $48.71 and a 52 week high of $92.41. The company’s 50-day moving average price is $72.98 and its 200 day moving average price is $76.89. 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 released its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.03. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.17 billion. Flowserve had a return on equity of 21.46% and a net margin of 7.61%.Flowserve’s revenue was down 6.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.72 earnings per share. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. As a group, research analysts forecast that Flowserve Corporation will post 4.05 earnings per share for the current fiscal year.

Flowserve Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Friday, June 26th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Friday, June 26th. Flowserve’s payout ratio is 32.59%.

Insider Activity

In other Flowserve news, Director Brian D. Savoy acquired 1,000 shares of the company’s stock in a transaction dated Thursday, May 14th. The stock was bought at an average price of $67.34 per share, with a total value of $67,340.00. Following the completion of the transaction, the director directly owned 1,000 shares of the company’s stock, valued at approximately $67,340. The trade was a ? increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on FLS. The Goldman Sachs Group reiterated a “neutral” rating and set a $83.00 price target on shares of Flowserve in a report on Thursday, April 30th. Wall Street Zen downgraded shares of Flowserve from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Weiss Ratings lowered Flowserve from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 15th. Citigroup reissued a “buy” rating on shares of Flowserve in a report on Thursday, April 30th. Finally, Zacks Research lowered shares of Flowserve from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 15th. Seven analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $86.70.

Flowserve Company 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.