19,478 Shares in Flowserve Corporation $FLS Bought by Pallas Capital Advisors LLC

Key Points

• Pallas Capital Advisors acquired 19,478 Flowserve shares during the second quarter, worth approximately $1.44 million. Institutional investors collectively own 93.93% of the company.
• Flowserve exceeded quarterly expectations, reporting EPS of $0.95 versus the $0.86 consensus and revenue of $1.17 billion. However, revenue declined 1.6% year over year, and full-year 2026 EPS guidance is $4.05–$4.20.
• Analyst sentiment remains positive but mixed, with seven Buy ratings and four Holds; the stock has a consensus rating of Moderate Buy and an average price target of $86.60.

Pallas Capital Advisors LLC bought a new stake in Flowserve Corporation (NYSE:FLS - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 19,478 shares of the industrial products company's stock, valued at approximately $1,444,000.

Other institutional investors have also recently added to or reduced their stakes in the company. UBS Group AG lifted its stake in shares of Flowserve by 67.8% in the 3rd quarter. UBS Group AG now owns 4,146,917 shares of the industrial products company's stock valued at $220,367,000 after purchasing an additional 1,676,284 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Flowserve by 9.9% during the 3rd quarter. AQR Capital Management LLC now owns 3,230,118 shares of the industrial products company's stock worth $171,648,000 after purchasing an additional 290,226 shares during the period. Nuveen LLC increased its position in Flowserve by 6.1% during the 4th quarter. Nuveen LLC now owns 2,777,288 shares of the industrial products company's stock worth $192,688,000 after purchasing an additional 158,661 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Flowserve by 12.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,745,206 shares of the industrial products company's stock worth $190,468,000 after purchasing an additional 299,346 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Flowserve by 5.1% in the first quarter. Bank of New York Mellon Corp now owns 2,448,977 shares of the industrial products company's stock valued at $180,024,000 after buying an additional 118,254 shares during the period. Hedge funds and other institutional investors own 93.93% of the company's stock.

Flowserve Stock Performance

Flowserve stock opened at $81.09 on Tuesday. The firm has a market capitalization of $10.31 billion, a PE ratio of 28.45, a price-to-earnings-growth ratio of 1.80 and a beta of 1.23. Flowserve Corporation has a one year low of $48.71 and a one year high of $92.41. The stock's 50 day moving average price is $74.95 and its 200 day moving average price is $77.14. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.58 and a current ratio of 2.15.

Flowserve (NYSE:FLS - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.09. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. Flowserve had a net margin of 8.01% and a return on equity of 21.42%. Flowserve's revenue for the quarter was down 1.6% on a year-over-year basis. 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. As a group, sell-side analysts expect that Flowserve Corporation will post 4.1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on FLS shares. TD Cowen cut shares of Flowserve from a "buy" rating to a "hold" rating and reduced their price target for the company from $85.00 to $70.00 in a research report on Wednesday, June 24th. Robert W. Baird set a $93.00 price objective on shares of Flowserve in a research report on Friday, July 31st. Wall Street Zen downgraded shares of Flowserve from a "buy" rating to a "hold" rating in a research note on Saturday, April 25th. Weiss Ratings upgraded shares of Flowserve from a "hold (c+)" rating to a "buy (b-)" rating in a report on Tuesday, August 11th. Finally, Stifel Nicolaus upped their price target on shares of Flowserve from $92.00 to $94.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. Seven analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $86.60.

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.

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