DUTCH ASSET Corp Raises Stock Position in Flowserve Corporation $FLS

DUTCH ASSET Corp raised its position in Flowserve Corporation (NYSE:FLS) by 99.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,312 shares of the industrial products company’s stock after purchasing an additional 8,627 shares during the quarter. Flowserve comprises 0.9% of DUTCH ASSET Corp’s investment portfolio, making the stock its 26th biggest position. DUTCH ASSET Corp’s holdings in Flowserve were worth $1,273,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of FLS. Norges Bank acquired a new stake in shares of Flowserve during the 4th quarter worth approximately $117,964,000. UBS Group AG lifted its holdings in Flowserve by 67.8% in the third quarter. UBS Group AG now owns 4,146,917 shares of the industrial products company’s stock valued at $220,367,000 after acquiring an additional 1,676,284 shares during the last quarter. Merewether Investment Management LP purchased a new position in Flowserve in the second quarter worth approximately $46,555,000. T. Rowe Price Investment Management Inc. increased its stake in Flowserve by 102.7% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,731,665 shares of the industrial products company’s stock worth $120,143,000 after acquiring an additional 877,327 shares during the last quarter. Finally, Amundi increased its stake in Flowserve by 414.3% during the fourth quarter. Amundi now owns 1,047,698 shares of the industrial products company’s stock worth $72,689,000 after acquiring an additional 843,995 shares during the last quarter. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Brian D. Savoy acquired 1,000 shares of the stock in a transaction dated Thursday, May 14th. The stock was acquired at an average cost of $67.34 per share, with a total value of $67,340.00. Following the completion of the transaction, the director owned 1,000 shares in the company, valued at $67,340. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.71% of the company’s stock.

Flowserve Stock Down 2.5%

Shares of FLS opened at $66.73 on Tuesday. The company’s 50-day simple moving average is $72.90 and its 200-day simple moving average is $76.91. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.63 and a current ratio of 2.22. Flowserve Corporation has a 1 year low of $48.71 and a 1 year high of $92.41. The stock has a market capitalization of $8.53 billion, a PE ratio of 24.71, a P/E/G ratio of 1.54 and a beta of 1.23.

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, beating 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 firm 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 business posted $0.72 earnings per share. The business’s quarterly revenue was down 6.7% compared to the same quarter last year. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. Analysts forecast that Flowserve Corporation will post 4.05 earnings per share for the current fiscal year.

Flowserve Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Friday, June 26th were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Friday, June 26th. Flowserve’s payout ratio is presently 32.59%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Zacks Research downgraded Flowserve from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 15th. Jefferies Financial Group reiterated a “buy” rating and set a $90.00 price target (down from $100.00) on shares of Flowserve in a report on Tuesday, March 31st. Royal Bank Of Canada cut their price objective on Flowserve from $98.00 to $91.00 and set an “outperform” rating for the company in a research report on Friday, May 1st. Citigroup restated a “buy” rating on shares of Flowserve in a report on Thursday, April 30th. Finally, TD Cowen cut shares of Flowserve from a “buy” rating to a “hold” rating and decreased their target price for the company from $85.00 to $70.00 in a research report on Wednesday, June 24th. Seven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Flowserve has a consensus rating of “Moderate Buy” and a consensus target price of $86.70.

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.