12,181 Shares in Flowserve Corporation $FLS Acquired by Meeder Asset Management Inc.

Meeder Asset Management Inc. purchased a new stake in Flowserve Corporation (NYSE:FLS) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 12,181 shares of the industrial products company’s stock, valued at approximately $895,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FLS. BOKF NA acquired a new stake in shares of Flowserve during the third quarter worth $28,000. Atlas Capital Advisors Inc. acquired a new position in shares of Flowserve in the fourth quarter valued at about $36,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Flowserve in the third quarter valued at about $36,000. IFP Advisors Inc grew its stake in shares of Flowserve by 24.4% in the third quarter. IFP Advisors Inc now owns 830 shares of the industrial products company’s stock valued at $46,000 after acquiring an additional 163 shares in the last quarter. Finally, Parallel Advisors LLC increased its position in Flowserve by 20.1% during the third quarter. Parallel Advisors LLC now owns 968 shares of the industrial products company’s stock worth $51,000 after acquiring an additional 162 shares during the period. 93.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have weighed in on FLS shares. Royal Bank Of Canada dropped their price objective on shares of Flowserve from $98.00 to $91.00 and set an “outperform” rating for the company in a research note on Friday, May 1st. Weiss Ratings lowered shares of Flowserve from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, May 15th. Zacks Research cut shares of Flowserve from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 15th. Stifel Nicolaus set a $92.00 price target on shares of Flowserve in a research report on Friday, May 1st. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $83.00 price target on shares of Flowserve in a research note on Thursday, April 30th. Seven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $86.70.

Insider Buying and Selling at Flowserve

In related news, Director Brian D. Savoy purchased 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The shares were bought at an average cost of $67.34 per share, with a total value of $67,340.00. Following 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.71% of the company’s stock.

Flowserve Trading Down 2.5%

Shares of FLS stock opened at $66.73 on Tuesday. Flowserve Corporation has a fifty-two week low of $48.71 and a fifty-two week high of $92.41. The stock’s fifty day moving average price is $72.90 and its two-hundred day moving average price is $76.91. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.63 and a current ratio of 2.22. The company has a market cap of $8.53 billion, a PE ratio of 24.71, a P/E/G ratio of 1.54 and a beta of 1.23.

Flowserve (NYSE:FLS) last posted its quarterly 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 return on equity of 21.46% and a net margin of 7.61%.The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter in the previous year, the firm earned $0.72 EPS. Flowserve’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. Equities analysts predict that Flowserve Corporation will post 4.05 EPS for the current fiscal year.

Flowserve Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Friday, June 26th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Friday, June 26th. Flowserve’s dividend payout ratio (DPR) is presently 32.59%.

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.