Flowserve Corporation (NYSE:FLS) Plans Quarterly Dividend of $0.22

Key Points

• Flowserve declared a quarterly dividend of $0.22 per share, payable October 9 to shareholders of record September 25. The dividend implies an annualized payout of $0.88 and a yield of approximately 1.1%.
• The dividend appears well covered, with a 24.4% payout ratio and analysts expecting $4.67 in earnings per share next year, implying a projected payout ratio of 18.8%.
• Flowserve’s latest quarterly results exceeded expectations, reporting $0.95 EPS versus the $0.86 consensus and $1.17 billion in revenue, although revenue declined 1.6% year over year. Institutional investors own 93.93% of the company’s stock.

Flowserve Corporation (NYSE:FLS - Get Free Report) announced a quarterly dividend on Thursday, August 27th. Shareholders of record on Friday, September 25th will be given a dividend of 0.22 per share by the industrial products company on Friday, October 9th. This represents a c) annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Friday, September 25th.

Flowserve has raised its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 1 years. Flowserve has a dividend payout ratio of 24.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Flowserve to earn $4.67 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 18.8%.

Flowserve Stock Performance

Shares of FLS opened at $82.03 on Friday. The company has a quick ratio of 1.58, a current ratio of 2.15 and a debt-to-equity ratio of 0.91. The business has a 50-day simple moving average of $75.23 and a two-hundred day simple moving average of $77.17. The stock has a market cap of $10.43 billion, a price-to-earnings ratio of 28.78, a PEG ratio of 1.84 and a beta of 1.23. Flowserve has a 52 week low of $48.71 and a 52 week high of $92.41.

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

Institutional Investors Weigh In On Flowserve

A number of institutional investors have recently added to or reduced their stakes in FLS. Northwestern Mutual Wealth Management Co. increased its holdings in Flowserve by 1,300.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 203,715 shares of the industrial products company's stock valued at $14,967,000 after acquiring an additional 189,165 shares during the last quarter. William Blair Investment Management LLC lifted its stake in Flowserve by 142.4% in the 4th quarter. William Blair Investment Management LLC now owns 1,048,137 shares of the industrial products company's stock worth $72,720,000 after purchasing an additional 615,769 shares in the last quarter. Hillsdale Investment Management Inc. boosted its holdings in shares of Flowserve by 27.8% during the 4th quarter. Hillsdale Investment Management Inc. now owns 72,950 shares of the industrial products company's stock valued at $5,061,000 after purchasing an additional 15,850 shares during the last quarter. Horizon Investments LLC bought a new position in shares of Flowserve during the 4th quarter valued at about $4,826,000. Finally, Vest Financial LLC purchased a new position in shares of Flowserve during the fourth quarter valued at about $1,501,000. 93.93% of the stock is owned by hedge funds and other institutional investors.

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.

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