19,055 Flowserve Corporation $FLS Shares Acquired by Iridian Asset Management LLC CT

Key Points

• Iridian Asset Management increased its Flowserve stake by 203.8% in the third quarter, acquiring 19,055 additional shares and bringing its holdings to 28,403 shares valued at approximately $2.08 million.
• Institutional investors and hedge funds own 93.93% of Flowserve, while the stock recently traded at $68.20. The company reported quarterly EPS of $0.95, exceeding estimates, and maintained fiscal 2026 guidance of $4.05–$4.20 EPS.
• Flowserve pays a quarterly dividend of $0.22, equivalent to an annualized $0.88 and a 1.3% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $85.40.

Iridian Asset Management LLC CT lifted its holdings in Flowserve Corporation (NYSE:FLS - Free Report) by 203.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 28,403 shares of the industrial products company's stock after purchasing an additional 19,055 shares during the quarter. Iridian Asset Management LLC CT's holdings in Flowserve were worth $2,077,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of FLS. Two Sigma Securities LLC acquired a new stake in Flowserve in the 2nd quarter valued at approximately $485,000. Bank of America Corp DE bought a new stake in Flowserve in the 2nd quarter valued at approximately $144,400,000. Public Employees Retirement System of Ohio acquired a new position in Flowserve during the 2nd quarter worth approximately $3,043,000. California Public Employees Retirement System boosted its position in Flowserve by 5.7% during the 1st quarter. California Public Employees Retirement System now owns 285,607 shares of the industrial products company's stock worth $20,995,000 after acquiring an additional 15,455 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Flowserve during the 2nd quarter worth approximately $5,265,000. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Flowserve Price Performance

Shares of FLS stock opened at $68.20 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. Flowserve Corporation has a twelve month low of $52.37 and a twelve month high of $92.41. The company has a market cap of $8.67 billion, a P/E ratio of 23.93, a P/E/G ratio of 1.52 and a beta of 1.23. The business has a fifty day simple moving average of $74.74 and a 200 day simple moving average of $75.10.

Flowserve (NYSE:FLS - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.86 by $0.09. Flowserve had a net margin of 8.01% and a return on equity of 21.42%. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the prior year, the firm earned $0.91 EPS. The firm's revenue was down 1.6% compared to the same quarter last year. Flowserve has set its FY 2026 guidance at 4.050-4.200 EPS. On average, sell-side analysts forecast that Flowserve Corporation will post 4.10 EPS for the current fiscal year.

Flowserve Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 9th. Shareholders of record on Friday, September 25th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Friday, September 25th. Flowserve's dividend payout ratio (DPR) is presently 30.88%.

Analysts Set New Price Targets

FLS has been the subject of several recent research reports. The Goldman Sachs Group set a $82.00 price target on Flowserve in a research report on Thursday, July 30th. Royal Bank Of Canada lowered their price target on Flowserve from $94.00 to $88.00 and set an "outperform" rating on the stock in a research report on Wednesday, October 14th. Mizuho dropped their price objective on Flowserve from $91.00 to $85.00 and set an "outperform" rating on the stock in a research note on Thursday, October 15th. Robert W. Baird set a $93.00 price objective on Flowserve in a research note on Friday, July 31st. Finally, Weiss Ratings raised Flowserve from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday. Seven investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $85.40.

Flowserve Company Profile

Flowserve Corporation is a global manufacturer of flow-control equipment and related services. The company designs, produces and services pumps, valves, mechanical seals and associated systems used to move, control and protect fluids in industrial processes.

Its products and services support applications across the energy, chemical and petrochemical, water, pharmaceutical, mining, power and general industrial markets. Flowserve also provides aftermarket services, including equipment repair, maintenance, upgrades and replacement parts, helping customers improve the reliability and efficiency of their operations.

Headquartered in Irving, Texas, Flowserve serves customers through manufacturing, sales and service operations in North America, Europe, Asia and other international markets.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.