Bank of New York Mellon Corp Makes New Investment in Flowserve Corporation $FLS

Key Points

• Bank of New York Mellon initiated a $177.4 million position in Flowserve during the second quarter, acquiring 2.39 million shares and holding approximately 1.88% of the company. Institutional investors collectively own 93.93% of Flowserve.
• Flowserve exceeded quarterly expectations with EPS of $0.95 versus $0.86 expected and revenue of $1.17 billion versus $1.16 billion forecast, although revenue declined 1.6% year over year. Zacks also raised its earnings estimates for fiscal 2026 through 2028.
• Analyst sentiment remains generally positive, with a consensus rating of “Moderate Buy” and an average price target of $86.60, despite one recent downgrade to “Hold.” Shares recently opened at $79.33, compared with a 12-month range of $48.71 to $92.41.

Bank of New York Mellon Corp bought a new stake in shares of Flowserve Corporation (NYSE:FLS - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 2,391,858 shares of the industrial products company's stock, valued at approximately $177,380,000. Bank of New York Mellon Corp owned 1.88% of Flowserve as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of FLS. State of Wyoming purchased a new stake in Flowserve during the second quarter worth $99,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of Flowserve during the 2nd quarter worth $7,228,000. Fulton Bank N.A. purchased a new stake in shares of Flowserve during the 2nd quarter worth $498,000. Revolve Wealth Partners LLC bought a new stake in Flowserve during the second quarter valued at about $590,000. Finally, Legacy Wealth Asset Management LLC bought a new stake in Flowserve during the second quarter valued at about $249,000. Institutional investors own 93.93% of the company's stock.

Trending Headlines about Flowserve

Here are the key news stories impacting Flowserve this week:

• Positive Sentiment: Zacks raised its FY2026 EPS estimate to $4.08 from $4.03, FY2027 to $4.61 from $4.59, and FY2028 to $5.18 from $5.13. It also increased Q4 2026, Q4 2027, Q2 2028 and Q1 2028 forecasts. These revisions suggest stronger expected earnings momentum over the next several years.
• Positive Sentiment: The revised FY2026 estimate of $4.08 is close to the broader consensus of $4.10, while the higher FY2027 and FY2028 projections point to continued profit growth beyond the current year.
• Positive Sentiment: Flowserve’s latest reported quarter also provides support: EPS of $0.95 exceeded expectations of $0.86, and revenue of $1.17 billion was slightly above forecasts, despite a 1.6% year-over-year decline. Zacks Industry Outlook Dover, Applied Industrial, Generac and Flowserve

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on FLS shares. Wall Street Zen downgraded shares of Flowserve from a "buy" rating to a "hold" rating in a research report on Saturday, April 25th. Stifel Nicolaus lifted their price target on shares of Flowserve from $92.00 to $94.00 and gave the stock a "buy" rating in a report on Friday, July 31st. Robert W. Baird set a $93.00 price target on Flowserve in a research report on Friday, July 31st. The Goldman Sachs Group set a $82.00 price objective on Flowserve in a report on Thursday, July 30th. Finally, Royal Bank Of Canada raised their price objective on Flowserve from $91.00 to $94.00 and gave the stock an "outperform" rating in a research report on Friday, July 31st. Seven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $86.60.

Flowserve Stock Performance

Shares of NYSE FLS opened at $79.33 on Friday. The company has a current ratio of 2.15, a quick ratio of 1.58 and a debt-to-equity ratio of 0.91. Flowserve Corporation has a 12 month low of $48.71 and a 12 month high of $92.41. The company has a 50 day simple moving average of $75.13 and a two-hundred day simple moving average of $77.17. The stock has a market cap of $10.08 billion, a price-to-earnings ratio of 27.84, a PEG ratio of 1.76 and a beta of 1.23.

Flowserve (NYSE:FLS - Get Free Report) last issued its earnings results on Wednesday, July 29th. The industrial products company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.09. The firm had revenue of $1.17 billion during 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%. The firm's revenue was down 1.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.91 earnings per share. Flowserve has set its FY 2026 guidance at 4.050-4.200 EPS. As a group, analysts predict that Flowserve Corporation will post 4.1 earnings per share for the current year.

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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