Krilogy Financial LLC Takes Position in Flowserve Corporation $FLS

Krilogy Financial LLC bought a new stake in Flowserve Corporation (NYSE:FLS) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 9,538 shares of the industrial products company’s stock, valued at approximately $507,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. First Horizon Advisors Inc. bought a new stake in Flowserve in the second quarter valued at approximately $26,000. IFP Advisors Inc raised its holdings in Flowserve by 1,289.6% during the 2nd quarter. IFP Advisors Inc now owns 667 shares of the industrial products company’s stock valued at $35,000 after buying an additional 619 shares during the last quarter. Hantz Financial Services Inc. grew its holdings in Flowserve by 149.8% in the 2nd quarter. Hantz Financial Services Inc. now owns 697 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 418 shares during the last quarter. Bruce G. Allen Investments LLC purchased a new position in shares of Flowserve in the third quarter valued at about $40,000. Finally, Toth Financial Advisory Corp bought a new position in shares of Flowserve during the third quarter valued at about $53,000. 93.93% of the stock is currently owned by institutional investors.

Flowserve Price Performance

Shares of FLS stock opened at $89.76 on Friday. The business’s fifty day moving average is $75.51 and its 200 day moving average is $64.32. The company has a quick ratio of 1.50, a current ratio of 2.03 and a debt-to-equity ratio of 0.68. The stock has a market cap of $11.41 billion, a price-to-earnings ratio of 34.26, a PEG ratio of 1.99 and a beta of 1.29. Flowserve Corporation has a twelve month low of $37.34 and a twelve month high of $90.48.

Flowserve (NYSE:FLS) last announced its quarterly earnings data on Thursday, February 5th. The industrial products company reported $1.11 EPS for the quarter, beating the consensus estimate of $0.94 by $0.17. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.26 billion. Flowserve had a return on equity of 21.19% and a net margin of 7.32%.The company’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.70 earnings per share. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. Research analysts expect that Flowserve Corporation will post 3.18 EPS for the current fiscal year.

Flowserve Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Friday, March 27th will be issued a dividend of $0.22 per share. The ex-dividend date is Friday, March 27th. This is a positive change from Flowserve’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a dividend yield of 1.0%. Flowserve’s dividend payout ratio (DPR) is 32.06%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on FLS shares. Royal Bank Of Canada raised their target price on Flowserve from $83.00 to $96.00 and gave the stock an “outperform” rating in a research note on Monday, February 9th. Wall Street Zen cut Flowserve from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 28th. Zacks Research downgraded Flowserve from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 21st. Jefferies Financial Group lifted their price target on shares of Flowserve from $80.00 to $85.00 and gave the company a “buy” rating in a report on Wednesday, December 10th. Finally, TD Cowen reissued a “buy” rating on shares of Flowserve in a research report on Tuesday, November 4th. Nine analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Flowserve presently has an average rating of “Moderate Buy” and a consensus target price of $88.80.

Flowserve Company 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.