Flowserve Corporation $FLS Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC trimmed its position in shares of Flowserve Corporation (NYSE:FLS) by 2.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,865,429 shares of the industrial products company’s stock after selling 41,833 shares during the period. Fisher Asset Management LLC’s holdings in Flowserve were worth $129,423,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. BOKF NA acquired a new stake in shares of Flowserve during the 3rd quarter worth $28,000. Measured Wealth Private Client Group LLC acquired a new stake in Flowserve in the 3rd quarter valued at $36,000. IFP Advisors Inc increased its holdings in Flowserve by 24.4% in 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 in the last quarter. Parallel Advisors LLC increased its holdings in Flowserve by 20.1% in the 3rd quarter. Parallel Advisors LLC now owns 968 shares of the industrial products company’s stock valued at $51,000 after purchasing an additional 162 shares in the last quarter. Finally, CENTRAL TRUST Co acquired a new stake in Flowserve in the 3rd quarter valued at $61,000. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Flowserve Stock Up 0.0%

NYSE:FLS opened at $69.63 on Tuesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.63 and a current ratio of 2.22. The stock has a 50-day simple moving average of $75.43 and a 200 day simple moving average of $75.74. Flowserve Corporation has a one year low of $45.11 and a one year high of $92.41. The company has a market capitalization of $8.90 billion, a price-to-earnings ratio of 25.79, a price-to-earnings-growth ratio of 1.57 and a beta of 1.24.

Flowserve (NYSE:FLS) last issued its earnings results on Wednesday, April 29th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter last year, the company posted $0.72 earnings per share. Flowserve’s revenue was down 6.7% on a year-over-year basis. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. Sell-side analysts predict that Flowserve Corporation will post 4.05 EPS for the current fiscal year.

Flowserve Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 26th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Friday, June 26th. This represents a $0.88 dividend on an annualized basis and a yield of 1.3%. Flowserve’s dividend payout ratio (DPR) is currently 32.59%.

Insider Transactions at Flowserve

In other Flowserve news, Director Brian D. Savoy bought 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 acquisition, the director directly owned 1,000 shares of the company’s stock, valued at approximately $67,340. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.71% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on FLS shares. Mizuho increased their price target on Flowserve from $74.00 to $91.00 and gave the company an “outperform” rating in a report on Monday, February 9th. Royal Bank Of Canada lowered their price target on Flowserve from $98.00 to $91.00 and set an “outperform” rating for the company in a report on Friday, May 1st. Zacks Research downgraded Flowserve from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 15th. TD Cowen restated a “buy” rating on shares of Flowserve in a research note on Friday, May 1st. Finally, Citigroup restated a “buy” rating on shares of Flowserve in a research note on Thursday, April 30th. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $87.70.

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.