Intech Investment Management LLC Has $4.11 Million Stake in Flowserve Corporation $FLS

Intech Investment Management LLC decreased its position in Flowserve Corporation (NYSE:FLS) by 56.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 59,189 shares of the industrial products company’s stock after selling 77,512 shares during the period. Intech Investment Management LLC’s holdings in Flowserve were worth $4,107,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. UBS Group AG raised its stake in shares of Flowserve by 67.8% in the 3rd quarter. UBS Group AG now owns 4,146,917 shares of the industrial products company’s stock valued at $220,367,000 after purchasing an additional 1,676,284 shares during the period. AQR Capital Management LLC increased its position in shares of Flowserve by 9.9% in the third quarter. AQR Capital Management LLC now owns 3,230,118 shares of the industrial products company’s stock valued at $171,648,000 after acquiring an additional 290,226 shares during the last quarter. Earnest Partners LLC increased its position in shares of Flowserve by 5.0% in the third quarter. Earnest Partners LLC now owns 2,885,879 shares of the industrial products company’s stock valued at $153,356,000 after acquiring an additional 136,867 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Flowserve by 0.9% in the third quarter. Dimensional Fund Advisors LP now owns 2,445,860 shares of the industrial products company’s stock valued at $129,974,000 after acquiring an additional 20,884 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Flowserve by 625.5% in the third quarter. JPMorgan Chase & Co. now owns 2,314,195 shares of the industrial products company’s stock valued at $122,978,000 after acquiring an additional 1,995,221 shares during the last quarter. Institutional investors and hedge funds own 93.93% of the company’s stock.

Insider Activity

In other news, Director Brian D. Savoy acquired 1,000 shares of Flowserve stock in a transaction dated Thursday, May 14th. The stock was bought 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 directly owned 1,000 shares in the company, valued at approximately $67,340. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.71% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. TD Cowen reaffirmed a “buy” rating on shares of Flowserve in a research report on Friday, May 1st. Zacks Research downgraded Flowserve from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 15th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $90.00 target price (down from $100.00) on shares of Flowserve in a research report on Tuesday, March 31st. Wall Street Zen downgraded Flowserve from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Finally, Royal Bank Of Canada lowered their target price on Flowserve from $98.00 to $91.00 and set an “outperform” rating on the stock in a research report on Friday, May 1st. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $87.70.

Flowserve Trading Down 0.7%

Flowserve stock opened at $75.01 on Tuesday. Flowserve Corporation has a 52 week low of $45.11 and a 52 week high of $92.41. 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 stock has a market capitalization of $9.59 billion, a P/E ratio of 27.78, a PEG ratio of 1.70 and a beta of 1.24. The stock has a 50-day simple moving average of $75.44 and a 200 day simple moving average of $75.91.

Flowserve (NYSE:FLS) last issued its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $0.85 earnings per share (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 company posted $0.72 earnings per share. The business’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. Analysts expect that Flowserve Corporation will post 4.05 earnings per share for the current year.

Flowserve Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Friday, June 26th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, June 26th. Flowserve’s payout ratio is currently 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.