B. Metzler seel. Sohn & Co. AG reduced its position in shares of Flowserve Corporation (NYSE:FLS - Free Report) by 29.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 66,978 shares of the industrial products company's stock after selling 28,338 shares during the period. B. Metzler seel. Sohn & Co. AG owned 0.05% of Flowserve worth $4,647,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its stake in shares of Flowserve by 3.9% during the third quarter. EverSource Wealth Advisors LLC now owns 4,181 shares of the industrial products company's stock valued at $222,000 after purchasing an additional 157 shares in the last quarter. Parallel Advisors LLC grew its position in Flowserve by 20.1% in the 3rd quarter. Parallel Advisors LLC now owns 968 shares of the industrial products company's stock worth $51,000 after purchasing an additional 162 shares during the period. IFP Advisors Inc grew its position in Flowserve by 24.4% in the 3rd quarter. IFP Advisors Inc now owns 830 shares of the industrial products company's stock worth $46,000 after purchasing an additional 163 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al grew its position in Flowserve by 0.5% in the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 44,128 shares of the industrial products company's stock worth $2,345,000 after purchasing an additional 200 shares during the period. Finally, KLP Kapitalforvaltning AS boosted its stake in shares of Flowserve by 0.7% during the 3rd quarter. KLP Kapitalforvaltning AS now owns 27,300 shares of the industrial products company's stock worth $1,456,000 after acquiring an additional 200 shares during the last quarter. 93.93% of the stock is owned by institutional investors.
Flowserve Stock Up 1.8%
Shares of NYSE FLS opened at $83.38 on Friday. The company's 50-day simple moving average is $80.47 and its 200-day simple moving average is $73.35. Flowserve Corporation has a 52-week low of $43.47 and a 52-week high of $92.41. The firm has a market cap of $10.66 billion, a price-to-earnings ratio of 31.83, a price-to-earnings-growth ratio of 1.82 and a beta of 1.33. The company has a quick ratio of 1.50, a current ratio of 2.03 and a debt-to-equity ratio of 0.68.
Flowserve (NYSE:FLS - Get Free Report) last posted its quarterly earnings results on Thursday, February 5th. The industrial products company reported $1.11 earnings per share for the quarter, topping analysts' consensus estimates of $0.94 by $0.17. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.26 billion. Flowserve had a net margin of 7.32% and a return on equity of 21.19%. Flowserve's quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.70 earnings per share. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. Equities analysts predict that Flowserve Corporation will post 4.09 EPS for the current fiscal year.
Flowserve Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Friday, March 27th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.1%. The ex-dividend date was Friday, March 27th. This is a positive change from Flowserve's previous quarterly dividend of $0.21. Flowserve's dividend payout ratio (DPR) is presently 33.59%.
Analyst Ratings Changes
A number of research firms recently weighed in on FLS. Zacks Research cut shares of Flowserve from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 15th. Mizuho increased their price objective on shares of Flowserve from $74.00 to $91.00 and gave the stock an "outperform" rating in a research report on Monday, February 9th. Citigroup reduced their price objective on shares of Flowserve from $98.00 to $97.00 and set a "buy" rating on the stock in a research report on Monday, April 13th. Jefferies Financial Group reissued a "buy" rating and issued a $90.00 price objective (down from $100.00) on shares of Flowserve in a research report on Tuesday, March 31st. Finally, Robert W. Baird set a $98.00 price objective on shares of Flowserve in a research report on Monday, February 9th. Eight analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, Flowserve presently has a consensus rating of "Moderate Buy" and an average price target of $89.70.
Read Our Latest Stock Report on FLS
Flowserve Profile
(
Free Report)
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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