Horizon Investment Services LLC Invests $816,000 in Flowserve Corporation $FLS

Horizon Investment Services LLC acquired a new position in Flowserve Corporation (NYSE:FLS) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 11,767 shares of the industrial products company’s stock, valued at approximately $816,000.

Other large investors also recently modified their holdings of the company. Atlas Capital Advisors Inc. bought a new stake in shares of Flowserve in the fourth quarter worth about $36,000. BOKF NA bought a new stake in shares of Flowserve in the third quarter worth about $28,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Flowserve in the third quarter worth 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 worth $46,000 after purchasing an additional 163 shares during the last quarter. Finally, Parallel Advisors LLC grew its stake in shares of Flowserve by 20.1% in the third quarter. Parallel Advisors LLC now owns 968 shares of the industrial products company’s stock worth $51,000 after purchasing an additional 162 shares during the last quarter. 93.93% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other 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 bought at an average cost of $67.34 per share, for a total transaction of $67,340.00. Following the acquisition, the director directly owned 1,000 shares in the company, valued at approximately $67,340. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 0.71% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on FLS shares. Zacks Research cut Flowserve from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 15th. Weiss Ratings cut Flowserve from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, May 15th. TD Cowen reissued a “buy” rating on shares of Flowserve in a research report on Friday, May 1st. The Goldman Sachs Group reissued a “neutral” rating and issued a $83.00 price target on shares of Flowserve in a research report on Thursday, April 30th. Finally, Royal Bank Of Canada dropped their price target 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 company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $87.70.

Flowserve Stock Performance

Shares of FLS opened at $78.11 on Friday. Flowserve Corporation has a 52 week low of $45.11 and a 52 week high of $92.41. The stock has a market cap of $9.98 billion, a P/E ratio of 28.93, a P/E/G ratio of 1.76 and a beta of 1.22. The business’s 50 day moving average price is $75.84 and its 200-day moving average price is $76.38. The company has a quick ratio of 1.63, a current ratio of 2.22 and a debt-to-equity ratio of 0.73.

Flowserve (NYSE:FLS) last announced its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.03. Flowserve had a net margin of 7.61% and a return on equity of 21.46%. The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same period in the previous year, the business earned $0.72 EPS. The firm’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. Equities research analysts anticipate that Flowserve Corporation will post 4.05 earnings per share for the current fiscal year.

Flowserve Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Friday, June 26th. Flowserve’s payout ratio is presently 32.59%.

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.