BlackRock Inc. Makes New $999.63 Million Investment in Flowserve Corporation $FLS

Key Points

• BlackRock acquired 13.48 million Flowserve shares worth approximately $999.6 million, giving it a 10.6% stake. Institutional investors and hedge funds collectively own 93.93% of the company.
• 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 raised its FY2026–FY2028 EPS estimates, signaling expectations for continued earnings growth.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $86.60; however, some firms recently downgraded the stock to “Hold.” Flowserve shares opened at $79.33, below the consensus target.

BlackRock Inc. bought a new stake in Flowserve Corporation (NYSE:FLS - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 13,479,378 shares of the industrial products company's stock, valued at approximately $999,631,000. BlackRock Inc. owned 10.60% of Flowserve as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Flowserve by 1,300.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 203,715 shares of the industrial products company's stock valued at $14,967,000 after acquiring an additional 189,165 shares in the last quarter. William Blair Investment Management LLC boosted its position in Flowserve by 142.4% in the fourth quarter. William Blair Investment Management LLC now owns 1,048,137 shares of the industrial products company's stock worth $72,720,000 after purchasing an additional 615,769 shares during the last quarter. Hillsdale Investment Management Inc. boosted its position in Flowserve by 27.8% in the fourth quarter. Hillsdale Investment Management Inc. now owns 72,950 shares of the industrial products company's stock worth $5,061,000 after purchasing an additional 15,850 shares during the last quarter. Horizon Investments LLC bought a new position in Flowserve in the 4th quarter valued at $4,826,000. Finally, Vest Financial LLC bought a new position in Flowserve in the 4th quarter valued at $1,501,000. 93.93% of the stock is owned by institutional investors and hedge funds.

More Flowserve News

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

Flowserve Stock Up 1.6%

NYSE:FLS opened at $79.33 on Friday. The firm has a market cap of $10.08 billion, a P/E ratio of 27.84, a P/E/G ratio of 1.74 and a beta of 1.23. 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 quick ratio of 1.58 and a current ratio of 2.15. The firm has a 50-day simple moving average of $75.13 and a two-hundred day simple moving average of $77.17.

Flowserve (NYSE:FLS - Get Free Report) last issued its 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 business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same period last year, the business posted $0.91 EPS. The company's 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. Analysts predict that Flowserve Corporation will post 4.1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. TD Cowen downgraded shares of Flowserve from a "buy" rating to a "hold" rating and reduced their target price for the stock from $85.00 to $70.00 in a research note on Wednesday, June 24th. Citigroup reaffirmed a "buy" rating on shares of Flowserve in a report on Thursday, April 30th. Wall Street Zen cut shares of Flowserve from a "buy" rating to a "hold" rating in a report on Saturday, April 25th. Royal Bank Of Canada raised their price target on Flowserve from $91.00 to $94.00 and gave the stock an "outperform" rating in a report on Friday, July 31st. Finally, Robert W. Baird set a $93.00 price target on Flowserve in a report on Friday, July 31st. Seven analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Flowserve currently has a consensus rating of "Moderate Buy" and a consensus price target 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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