1,083,629 Shares in Flowserve Corporation $FLS Acquired by Freestone Grove Partners LP

Key Points

• Freestone Grove Partners LP acquired 1,083,629 Flowserve shares worth approximately $80.4 million, representing about 0.85% of the company. Institutional investors and hedge funds collectively own 93.93% of FLS.
• Analyst sentiment remains positive, with seven Buy ratings and four Holds producing a “Moderate Buy” consensus and an average price target of $86.60; individual targets range as high as $94.
• Flowserve exceeded quarterly expectations with adjusted earnings of $0.95 per share versus the $0.86 consensus and revenue of $1.17 billion, though revenue declined 1.6% year over year. The company expects fiscal 2026 EPS of $4.05–$4.20.

Freestone Grove Partners LP acquired a new stake in Flowserve Corporation (NYSE:FLS - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,083,629 shares of the industrial products company's stock, valued at approximately $80,362,000. Freestone Grove Partners LP owned approximately 0.85% of Flowserve at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jupiter Topco LLC purchased a new stake in Flowserve during the second quarter worth $4,285,000. Hsbc Holdings PLC purchased a new position in shares of Flowserve in the second quarter valued at $384,000. Expect Equity LLC purchased a new position in shares of Flowserve in the second quarter valued at $2,729,000. Canada Pension Plan Investment Board acquired a new position in shares of Flowserve during the 2nd quarter worth $4,108,000. Finally, Galaxy Digital Capital Management GP LLC acquired a new position in shares of Flowserve during the 2nd quarter worth $348,000. 93.93% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FLS has been the topic of a number of research reports. Royal Bank Of Canada increased their price objective on shares of Flowserve from $91.00 to $94.00 and gave the company an "outperform" rating in a research note on Friday, July 31st. TD Cowen cut shares of Flowserve from a "buy" rating to a "hold" rating and cut their target price for the stock from $85.00 to $70.00 in a research report on Wednesday, June 24th. Weiss Ratings raised shares of Flowserve from a "hold (c+)" rating to a "buy (b-)" rating in a report on Tuesday, August 11th. Stifel Nicolaus upped their price target on shares of Flowserve from $92.00 to $94.00 and gave the company a "buy" rating in a report on Friday, July 31st. Finally, Robert W. Baird set a $93.00 price target on shares of Flowserve in a research report on Friday, July 31st. Seven investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Flowserve has an average rating of "Moderate Buy" and a consensus target price of $86.60.

Flowserve Price Performance

Flowserve stock opened at $82.88 on Thursday. The stock has a market capitalization of $10.53 billion, a P/E ratio of 29.08, a P/E/G ratio of 1.79 and a beta of 1.23. Flowserve Corporation has a 12-month low of $48.71 and a 12-month high of $92.41. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.15 and a quick ratio of 1.58. The firm's 50-day moving average is $75.22 and its two-hundred day moving average is $77.19.

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

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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