Amundi Buys 145,321 Shares of Flowserve Corporation $FLS

Key Points

• Amundi increased its Flowserve position by 15.2% in the second quarter, adding 145,321 shares to own 1.10 million shares worth approximately $81.6 million, or 0.87% of the company.
• Flowserve exceeded quarterly expectations, reporting $0.95 earnings per share versus the $0.86 consensus estimate and $1.17 billion in revenue. However, revenue declined 1.6% year over year; fiscal 2026 EPS guidance is $4.05–$4.20.
• The company declared a quarterly dividend of $0.22 per share, equal to an annualized $0.88 and a 1.2% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $86.60.

Amundi grew its position in Flowserve Corporation (NYSE:FLS - Free Report) by 15.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,100,383 shares of the industrial products company's stock after acquiring an additional 145,321 shares during the period. Amundi owned 0.87% of Flowserve worth $81,604,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in FLS. BOKF NA acquired a new position in Flowserve during the 3rd quarter valued at about $28,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Flowserve in the second quarter worth about $34,000. Atlas Capital Advisors Inc. bought a new stake in Flowserve during the 4th quarter worth approximately $36,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Flowserve in the 3rd quarter valued at about $36,000. Finally, Global Retirement Partners LLC acquired a new position in Flowserve during the second quarter worth $38,000. 93.93% of the stock is owned by institutional investors.

Flowserve Stock Performance

Shares of Flowserve stock opened at $75.27 on Thursday. The company's 50 day moving average price is $75.49 and its two-hundred day moving average price is $76.50. The firm has a market capitalization of $9.57 billion, a P/E ratio of 26.41, a P/E/G ratio of 1.71 and a beta of 1.25. Flowserve Corporation has a fifty-two week low of $48.71 and a fifty-two week 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.

Flowserve (NYSE:FLS - Get Free Report) last released 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. Flowserve had a return on equity of 21.42% and a net margin of 8.01%.The company had revenue of $1.17 billion for the quarter, compared to analysts' expectations of $1.16 billion. During the same period in the previous year, the business posted $0.91 earnings per share. The business's quarterly 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, equities analysts forecast that Flowserve Corporation will post 4.1 earnings per share for the current fiscal year.

Flowserve Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Friday, September 25th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Friday, September 25th. This represents a $0.88 annualized dividend and a yield of 1.2%. Flowserve's payout ratio is 30.88%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on FLS. The Goldman Sachs Group set a $82.00 price target on shares of Flowserve in a research note on Thursday, July 30th. TD Cowen lowered Flowserve from a "buy" rating to a "hold" rating and dropped their price objective for the company from $85.00 to $70.00 in a research note on Wednesday, June 24th. Weiss Ratings lowered Flowserve from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday, August 25th. Robert W. Baird set a $93.00 price objective on shares of Flowserve in a research report on Friday, July 31st. Finally, Stifel Nicolaus increased their price objective on shares of Flowserve from $92.00 to $94.00 and gave the company a "buy" rating in a research report on Friday, July 31st. Six research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus 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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