97,464 Shares in Flowserve Corporation $FLS Acquired by Oppenheimer Asset Management Inc.

Key Points

• Oppenheimer Asset Management acquired 97,464 Flowserve shares worth approximately $7.2 million, giving it a 0.08% stake. Institutional investors collectively own 93.93% of the company.
• Flowserve reported quarterly earnings of $0.95 per share, beating estimates of $0.86, while revenue reached $1.17 billion. Revenue declined 1.6% year over year, and management guided to fiscal 2026 earnings of $4.05–$4.20 per share.
• Analysts maintain a positive outlook, with seven Buy ratings and four Holds producing a consensus “Moderate Buy” rating and an average price target of $86.60, compared with the stock’s recent price of $80.92.

Oppenheimer Asset Management Inc. bought a new position in shares of Flowserve Corporation (NYSE:FLS - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 97,464 shares of the industrial products company's stock, valued at approximately $7,228,000. Oppenheimer Asset Management Inc. owned 0.08% of Flowserve at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in FLS. UBS Group AG increased its stake in shares of Flowserve by 67.8% in the third quarter. UBS Group AG now owns 4,146,917 shares of the industrial products company's stock worth $220,367,000 after purchasing an additional 1,676,284 shares in the last quarter. AQR Capital Management LLC raised its position 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 valued at $171,648,000 after purchasing an additional 290,226 shares during the period. Nuveen LLC lifted its stake in shares of Flowserve by 6.1% during the 4th quarter. Nuveen LLC now owns 2,777,288 shares of the industrial products company's stock valued at $192,688,000 after buying an additional 158,661 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of 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 valued at $190,468,000 after buying an additional 299,346 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Flowserve by 5.1% in the 1st quarter. Bank of New York Mellon Corp now owns 2,448,977 shares of the industrial products company's stock worth $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 Down 0.3%

NYSE FLS opened at $80.92 on Friday. The stock has a 50 day moving average price of $74.82 and a 200-day moving average price of $77.12. Flowserve Corporation has a one year low of $48.71 and a one year high of $92.41. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.58 and a current ratio of 2.15. The company has a market capitalization of $10.29 billion, a P/E ratio of 28.39, a P/E/G ratio of 1.80 and a beta of 1.23.

Flowserve (NYSE:FLS - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.09. The company had revenue of $1.17 billion for the quarter, compared to analysts' expectations of $1.16 billion. Flowserve had a net margin of 8.01% and a return on equity of 21.42%. Flowserve's quarterly 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. As a group, equities analysts predict that Flowserve Corporation will post 4.1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on FLS shares. Citigroup reiterated a "buy" rating on shares of Flowserve in a research note on Thursday, April 30th. The Goldman Sachs Group set a $82.00 price objective on Flowserve in a research report on Thursday, July 30th. Robert W. Baird set a $93.00 price objective on Flowserve in a research note on Friday, July 31st. Stifel Nicolaus increased their target price on Flowserve from $92.00 to $94.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. Finally, Royal Bank Of Canada lifted their target price on Flowserve from $91.00 to $94.00 and gave the company an "outperform" rating in a research note on Friday, July 31st. Seven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Flowserve presently has a consensus rating of "Moderate Buy" and an average target price of $86.60.

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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