Sanctuary Advisors LLC Sells 9,533 Shares of Flowserve Corporation $FLS

Sanctuary Advisors LLC lowered its position in Flowserve Corporation (NYSE:FLS) by 33.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,211 shares of the industrial products company’s stock after selling 9,533 shares during the period. Sanctuary Advisors LLC’s holdings in Flowserve were worth $1,412,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in FLS. BOKF NA acquired a new position in shares of Flowserve during the third quarter worth approximately $28,000. Atlas Capital Advisors Inc. acquired a new stake in shares of Flowserve in the fourth quarter valued at approximately $36,000. Measured Wealth Private Client Group LLC bought a new position in Flowserve in the 3rd quarter worth approximately $36,000. IFP Advisors Inc raised its position in Flowserve by 24.4% in the 3rd 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 lifted its holdings in Flowserve by 20.1% during the 3rd quarter. Parallel Advisors LLC now owns 968 shares of the industrial products company’s stock worth $51,000 after buying an additional 162 shares in the last quarter. Institutional investors and hedge funds own 93.93% of the company’s stock.

Insider Buying and Selling

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

Flowserve Stock Up 4.6%

NYSE:FLS opened at $71.74 on Friday. Flowserve Corporation has a 1 year low of $48.71 and a 1 year high of $92.41. The stock has a 50-day moving average price of $72.97 and a two-hundred day moving average price of $76.89. The stock has a market cap of $9.17 billion, a price-to-earnings ratio of 26.57, a PEG ratio of 1.55 and a beta of 1.23. The company has a current ratio of 2.22, a quick ratio of 1.63 and a debt-to-equity ratio of 0.73.

Flowserve (NYSE:FLS) last released its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $0.85 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 for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter last year, the firm posted $0.72 earnings per share. Flowserve’s 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. As a group, equities analysts expect that Flowserve Corporation will post 4.04 earnings per share for the current year.

Flowserve Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Friday, June 26th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.2%. The ex-dividend date was Friday, June 26th. Flowserve’s dividend payout ratio (DPR) is 32.59%.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Citigroup reiterated a “buy” rating on shares of Flowserve in a research report on Thursday, April 30th. Stifel Nicolaus set a $92.00 target price on Flowserve in a research report on Friday, May 1st. Jefferies Financial Group reaffirmed a “buy” rating and set a $90.00 price target (down from $100.00) on shares of Flowserve in a research note on Tuesday, March 31st. Zacks Research cut Flowserve from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 15th. Finally, Weiss Ratings lowered Flowserve from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, May 15th. Seven research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $86.70.

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.