97,464 Shares in Flowserve Corporation $FLS Purchased by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. acquired a new position in shares of Flowserve Corporation (NYSE:FLS) during the 2nd quarter, Holdings Channel reports. The fund acquired 97,464 shares of the industrial products company’s stock, valued at approximately $7,228,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FLS. BOKF NA bought a new stake in shares of Flowserve in the 3rd quarter valued at approximately $28,000. Atlas Capital Advisors Inc. bought a new position in shares of Flowserve during the 4th quarter valued at approximately $36,000. Measured Wealth Private Client Group LLC bought a new position in shares of Flowserve during the 3rd quarter valued at approximately $36,000. IFP Advisors Inc increased its position in shares of Flowserve by 24.4% during the 3rd quarter. IFP Advisors Inc now owns 830 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 163 shares during the last quarter. Finally, Parallel Advisors LLC raised 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 valued at $51,000 after buying an additional 162 shares during the period. 93.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on FLS shares. Citigroup restated a “buy” rating on shares of Flowserve in a research report on Thursday, April 30th. Royal Bank Of Canada boosted their price objective on shares of Flowserve from $91.00 to $94.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Weiss Ratings raised shares of Flowserve from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday. Wall Street Zen lowered shares of Flowserve from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Finally, Stifel Nicolaus lifted their price target on shares of Flowserve from $92.00 to $94.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Seven research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Flowserve currently has an average rating of “Moderate Buy” and an average target price of $86.60.

Flowserve Trading Down 0.3%

Shares of NYSE FLS opened at $80.92 on Friday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.58 and a current ratio of 2.15. The business’s 50 day moving average price is $74.82 and its 200-day moving average price is $77.12. Flowserve Corporation has a fifty-two week low of $48.71 and a fifty-two week high of $92.41. The company has a market cap of $10.29 billion, a price-to-earnings ratio of 28.39, a PEG ratio of 1.80 and a beta of 1.23.

Flowserve (NYSE:FLS) last issued its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.09. Flowserve had a return on equity of 21.42% and a net margin of 8.01%.The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same period last year, the company earned $0.91 EPS. Flowserve’s quarterly revenue was down 1.6% compared to the same quarter last year. Flowserve has set its FY 2026 guidance at 4.050-4.200 EPS. On average, sell-side analysts expect that Flowserve Corporation will post 4.1 earnings per share for the current year.

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.