MGO One Seven LLC Makes New $674,000 Investment in Flowserve Corporation $FLS

MGO One Seven LLC purchased a new position in shares of Flowserve Corporation (NYSE:FLS) during the 4th quarter, HoldingsChannel reports. The firm purchased 9,718 shares of the industrial products company’s stock, valued at approximately $674,000.

Several other large investors also recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA increased its holdings in Flowserve by 104.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,333,481 shares of the industrial products company’s stock worth $230,281,000 after purchasing an additional 2,213,406 shares during the period. UBS Group AG increased its holdings in Flowserve by 67.8% during the 3rd quarter. UBS Group AG now owns 4,146,917 shares of the industrial products company’s stock worth $220,367,000 after purchasing an additional 1,676,284 shares during the period. AQR Capital Management LLC increased its holdings in Flowserve by 9.9% during the 3rd quarter. AQR Capital Management LLC now owns 3,230,118 shares of the industrial products company’s stock worth $171,648,000 after purchasing an additional 290,226 shares during the period. Earnest Partners LLC increased its holdings in Flowserve by 5.0% during the 3rd quarter. Earnest Partners LLC now owns 2,885,879 shares of the industrial products company’s stock worth $153,356,000 after purchasing an additional 136,867 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in Flowserve by 0.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,445,860 shares of the industrial products company’s stock worth $129,974,000 after purchasing an additional 20,884 shares during the period. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on FLS shares. Citigroup restated a “buy” rating on shares of Flowserve in a report on Thursday, April 30th. Mizuho upped their price target on Flowserve from $74.00 to $91.00 and gave the stock an “outperform” rating in a report on Monday, February 9th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $83.00 price objective on shares of Flowserve in a report on Thursday, April 30th. Stifel Nicolaus set a $92.00 price objective on Flowserve in a report on Friday, May 1st. Finally, Zacks Research downgraded 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 assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $87.70.

Flowserve Trading Down 4.3%

FLS opened at $66.42 on Thursday. Flowserve Corporation has a one year low of $45.11 and a one year high of $92.41. The company has a market cap of $8.49 billion, a P/E ratio of 24.60, a PEG ratio of 1.56 and a beta of 1.24. 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 business’s 50-day simple moving average is $77.32 and its 200-day simple moving average is $75.49.

Flowserve (NYSE:FLS) last released its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $0.85 EPS for the quarter, beating 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 business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the prior year, the business posted $0.72 EPS. The business’s revenue for the quarter was down 6.7% on a year-over-year basis. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. As a group, equities research analysts expect that Flowserve Corporation will post 4.05 EPS for the current fiscal year.

Flowserve Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Friday, March 27th were given a $0.22 dividend. This is a boost from Flowserve’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Friday, March 27th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.3%. Flowserve’s payout ratio is currently 32.59%.

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.