Wealthcare Advisory Partners LLC Takes $373,000 Position in Flowserve Corporation $FLS

Wealthcare Advisory Partners LLC bought a new stake in shares of Flowserve Corporation (NYSE:FLS) during the 3rd quarter, HoldingsChannel reports. The institutional investor bought 7,026 shares of the industrial products company’s stock, valued at approximately $373,000.

Other hedge funds have also added to or reduced their stakes in the company. Rothschild Investment LLC lifted its stake in Flowserve by 454.7% in the third quarter. Rothschild Investment LLC now owns 3,134 shares of the industrial products company’s stock valued at $167,000 after buying an additional 2,569 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Flowserve by 625.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,314,195 shares of the industrial products company’s stock valued at $122,978,000 after acquiring an additional 1,995,221 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its stake in Flowserve by 3.2% during the third quarter. State of New Jersey Common Pension Fund D now owns 42,287 shares of the industrial products company’s stock worth $2,247,000 after acquiring an additional 1,297 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in Flowserve by 26.6% in the third quarter. PNC Financial Services Group Inc. now owns 17,756 shares of the industrial products company’s stock worth $944,000 after purchasing an additional 3,734 shares during the period. Finally, HighTower Advisors LLC grew its holdings in Flowserve by 9.7% in the third quarter. HighTower Advisors LLC now owns 34,012 shares of the industrial products company’s stock worth $1,807,000 after purchasing an additional 3,003 shares during the period. 93.93% of the stock is currently owned by institutional investors.

Flowserve Trading Up 0.8%

NYSE:FLS opened at $88.90 on Friday. Flowserve Corporation has a 52 week low of $37.34 and a 52 week high of $91.31. The firm has a 50-day moving average price of $77.18 and a two-hundred day moving average price of $65.52. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.50 and a current ratio of 2.03. The firm has a market cap of $11.31 billion, a price-to-earnings ratio of 33.93, a price-to-earnings-growth ratio of 1.98 and a beta of 1.29.

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

Flowserve Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Friday, March 27th will be paid a $0.22 dividend. This is a boost from Flowserve’s previous quarterly dividend of $0.21. The ex-dividend date is Friday, March 27th. This represents a $0.88 dividend on an annualized basis and a yield of 1.0%. Flowserve’s dividend payout ratio is currently 32.06%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Jefferies Financial Group increased their price objective on shares of Flowserve from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Wednesday, December 10th. TD Cowen reaffirmed a “buy” rating on shares of Flowserve in a research note on Thursday. UBS Group raised their price objective on Flowserve from $65.00 to $82.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. Mizuho boosted their price objective on Flowserve from $74.00 to $91.00 and gave the company an “outperform” rating in a report on Monday, February 9th. Finally, Citigroup increased their target price on Flowserve from $85.00 to $98.00 and gave the stock a “buy” rating in a report on Monday, February 9th. Eight investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $88.80.

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.