Alyeska Investment Group L.P. Buys Shares of 54,603 Flowserve Corporation $FLS

Alyeska Investment Group L.P. bought a new position in Flowserve Corporation (NYSE:FLS - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 54,603 shares of the industrial products company's stock, valued at approximately $4,049,000.

Other hedge funds also recently modified their holdings of the company. Comprehensive Money Management Services LLC boosted its holdings in Flowserve by 1.5% in the first quarter. Comprehensive Money Management Services LLC now owns 8,509 shares of the industrial products company's stock worth $625,000 after purchasing an additional 125 shares in the last quarter. BTC Capital Management Inc. raised its holdings in Flowserve by 2.5% during the first quarter. BTC Capital Management Inc. now owns 6,531 shares of the industrial products company's stock valued at $480,000 after buying an additional 162 shares in the last quarter. Parallel Advisors LLC raised its holdings in Flowserve by 20.1% during the third quarter. Parallel Advisors LLC now owns 968 shares of the industrial products company's stock valued at $51,000 after buying an additional 162 shares in the last quarter. IFP Advisors Inc lifted its position in shares of Flowserve by 24.4% in the third quarter. IFP Advisors Inc now owns 830 shares of the industrial products company's stock worth $46,000 after buying an additional 163 shares during the last quarter. Finally, Inspire Advisors LLC lifted its position in shares of Flowserve by 3.7% in the fourth quarter. Inspire Advisors LLC now owns 4,667 shares of the industrial products company's stock worth $324,000 after buying an additional 165 shares during the last quarter. Institutional investors and hedge funds own 93.93% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently commented on FLS. TD Cowen lowered Flowserve from a "buy" rating to a "hold" rating and lowered their price objective for the company from $85.00 to $70.00 in a report on Wednesday, June 24th. Royal Bank Of Canada boosted their target price on Flowserve from $91.00 to $94.00 and gave the stock an "outperform" rating in a report on Friday, July 31st. Robert W. Baird set a $93.00 target price on Flowserve in a research report on Friday, July 31st. The Goldman Sachs Group set a $82.00 price target on Flowserve in a report on Thursday, July 30th. Finally, Weiss Ratings cut shares of Flowserve from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, August 25th. Six research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $86.60.

Flowserve Stock Down 3.2%

FLS stock opened at $76.56 on Wednesday. Flowserve Corporation has a twelve month low of $48.71 and a twelve month high of $92.41. 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 company has a market cap of $9.73 billion, a PE ratio of 26.86, a price-to-earnings-growth ratio of 1.76 and a beta of 1.25. The business's 50-day simple moving average is $75.09 and its 200 day simple moving average is $77.01.

Flowserve (NYSE:FLS - Get Free Report) last posted its quarterly earnings results 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 return on equity of 21.42% and a net margin of 8.01%.The firm had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.16 billion. During the same quarter in the prior year, the firm posted $0.91 EPS. The company's revenue for the quarter was down 1.6% on a year-over-year basis. Flowserve has set its FY 2026 guidance at 4.050-4.200 EPS. On average, research analysts anticipate that Flowserve Corporation will post 4.1 earnings per share for the current year.

Flowserve Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Friday, September 25th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, September 25th. Flowserve's dividend payout ratio (DPR) is presently 30.88%.

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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