Fieldview Capital Management LLC Takes $1.61 Million Position in Flowserve Corporation $FLS

Fieldview Capital Management LLC acquired a new stake in shares of Flowserve Corporation (NYSE:FLS) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 23,190 shares of the industrial products company’s stock, valued at approximately $1,609,000.

Other institutional investors have also recently made changes to their positions in the company. BOKF NA purchased a new position in shares of Flowserve during the third quarter valued at about $28,000. Atlas Capital Advisors Inc. purchased a new position in shares of Flowserve during the fourth quarter valued at about $36,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Flowserve during the third quarter valued at about $36,000. IFP Advisors Inc grew its position in shares of Flowserve by 24.4% during the third 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. Finally, Parallel Advisors LLC grew its position in shares of Flowserve by 20.1% during the third 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. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Flowserve Stock Performance

Flowserve stock opened at $78.11 on Monday. The company has a 50 day moving average price of $75.84 and a 200-day moving average price of $76.43. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.63 and a current ratio of 2.22. Flowserve Corporation has a fifty-two week low of $45.11 and a fifty-two week high of $92.41. The company has a market capitalization of $9.98 billion, a PE ratio of 28.93, a P/E/G ratio of 1.76 and a beta of 1.23.

Flowserve (NYSE:FLS) last posted its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $0.85 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the previous year, the firm posted $0.72 earnings per share. The company’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. As a group, equities analysts forecast that Flowserve Corporation will post 4.05 earnings per share for the current year.

Flowserve Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Friday, June 26th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, June 26th. Flowserve’s payout ratio is currently 32.59%.

Insider Buying and Selling at Flowserve

In related news, Director Brian D. Savoy purchased 1,000 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was 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 of the company’s stock, valued at approximately $67,340. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.71% of the company’s stock.

Wall Street Analysts Forecast Growth

FLS has been the subject of a number of research analyst reports. Stifel Nicolaus set a $92.00 price objective on Flowserve in a research report on Friday, May 1st. Wall Street Zen cut Flowserve from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Weiss Ratings downgraded Flowserve from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, May 15th. Royal Bank Of Canada decreased their price objective on Flowserve from $98.00 to $91.00 and set an “outperform” rating on the stock in a research report on Friday, May 1st. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $83.00 price objective on shares of Flowserve in a research report on Thursday, April 30th. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $87.70.

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.