92,470 Shares in Flowserve Corporation $FLS Acquired by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company bought a new position in Flowserve Corporation (NYSE:FLS) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 92,470 shares of the industrial products company’s stock, valued at approximately $6,858,000. The Manufacturers Life Insurance Company owned approximately 0.07% of Flowserve at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of FLS. BOKF NA bought a new stake in Flowserve in the 3rd quarter worth about $28,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Flowserve during the 2nd quarter valued at about $34,000. Atlas Capital Advisors Inc. purchased a new stake in shares of Flowserve during the 4th quarter valued at about $36,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Flowserve during the 3rd quarter valued at about $36,000. Finally, Global Retirement Partners LLC purchased a new position in shares of Flowserve during the second quarter valued at approximately $38,000. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Flowserve Trading Up 0.2%

NYSE:FLS opened at $80.49 on Monday. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.15 and a quick ratio of 1.58. The firm has a market capitalization of $10.23 billion, a price-to-earnings ratio of 28.24, a price-to-earnings-growth ratio of 1.79 and a beta of 1.23. Flowserve Corporation has a one year low of $48.71 and a one year high of $92.41. The business has a fifty day moving average price of $75.20 and a 200-day moving average price of $77.13.

Flowserve (NYSE:FLS) last released its earnings results on Wednesday, July 29th. The industrial products company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.09. Flowserve had a return on equity of 21.42% and a net margin of 8.01%.The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the previous year, the business earned $0.91 earnings per share. Flowserve’s quarterly revenue was down 1.6% compared to the same quarter last year. Flowserve has set its FY 2026 guidance at 4.050-4.200 EPS. Sell-side analysts forecast that Flowserve Corporation will post 4.1 EPS for the current year.

Flowserve Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Friday, September 25th will be paid a dividend of $0.22 per share. The ex-dividend date is Friday, September 25th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.1%. Flowserve’s payout ratio is 30.88%.

Analysts Set New Price Targets

FLS has been the subject of a number of research analyst reports. Robert W. Baird set a $93.00 target price on shares of Flowserve in a research report on Friday, July 31st. Stifel Nicolaus upped their price objective on Flowserve from $92.00 to $94.00 and gave the company a “buy” rating in a research report on Friday, July 31st. The Goldman Sachs Group set a $82.00 target price on Flowserve in a report on Thursday, July 30th. Weiss Ratings cut Flowserve from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 25th. Finally, Royal Bank Of Canada boosted their price target on Flowserve from $91.00 to $94.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Six investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average 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.