Healthcare of Ontario Pension Plan Trust Fund Makes New Investment in Flowserve Corporation $FLS

Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Flowserve Corporation (NYSE:FLS) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 11,234 shares of the industrial products company’s stock, valued at approximately $826,000.

Other hedge funds also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. raised its stake in Flowserve by 1,300.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 203,715 shares of the industrial products company’s stock worth $14,967,000 after buying an additional 189,165 shares during the period. Bullseye Asset Management LLC boosted its holdings in Flowserve by 54.5% in the fourth quarter. Bullseye Asset Management LLC now owns 85,000 shares of the industrial products company’s stock worth $5,897,000 after acquiring an additional 30,000 shares in the last quarter. William Blair Investment Management LLC grew its stake in Flowserve by 142.4% in the fourth quarter. William Blair Investment Management LLC now owns 1,048,137 shares of the industrial products company’s stock valued at $72,720,000 after acquiring an additional 615,769 shares during the period. Hillsdale Investment Management Inc. increased its holdings in shares of Flowserve by 27.8% during the fourth quarter. Hillsdale Investment Management Inc. now owns 72,950 shares of the industrial products company’s stock valued at $5,061,000 after acquiring an additional 15,850 shares in the last quarter. Finally, Horizon Investments LLC acquired a new position in shares of Flowserve during the fourth quarter worth approximately $4,826,000. Institutional investors own 93.93% of the company’s stock.

Flowserve Price Performance

Flowserve stock opened at $76.13 on Monday. 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 $73.73 and its two-hundred day moving average price is $76.92. The stock has a market cap of $9.68 billion, a P/E ratio of 26.71, a P/E/G ratio of 1.70 and a beta of 1.23. The company has a quick ratio of 1.58, a current ratio of 2.15 and a debt-to-equity ratio of 0.91.

Flowserve (NYSE:FLS) last released its earnings results on Wednesday, July 29th. The industrial products company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.09. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. Flowserve had a return on equity of 21.42% and a net margin of 8.01%.Flowserve’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.91 earnings per share. Flowserve has set its FY 2026 guidance at 4.050-4.200 EPS. On average, equities analysts predict that Flowserve Corporation will post 4.07 earnings per share for the current year.

Flowserve Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Friday, June 26th were given a dividend of $0.22 per share. The ex-dividend date was Friday, June 26th. This represents a $0.88 annualized dividend and a yield of 1.2%. Flowserve’s dividend payout ratio is presently 30.88%.

Insiders Place Their Bets

In related news, Director Brian D. Savoy acquired 1,000 shares of the firm’s 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 approximately $67,340. This represents a ? increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on FLS. The Goldman Sachs Group set a $82.00 target price on Flowserve in a report on Thursday. Stifel Nicolaus raised their price objective on shares of Flowserve from $92.00 to $94.00 and gave the company a “buy” rating in a research note on Friday. Citigroup reiterated a “buy” rating on shares of Flowserve in a report on Thursday, April 30th. Weiss Ratings lowered shares of Flowserve from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, July 28th. Finally, Royal Bank Of Canada raised their price target on shares of Flowserve from $91.00 to $94.00 and gave the company an “outperform” rating in a research report on Friday. Six investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Flowserve currently has a consensus rating of “Moderate Buy” and a consensus target price of $86.60.

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.