Bullseye Asset Management LLC Increases Stake in Flowserve Corporation $FLS

Key Points

• Bullseye Asset Management increased its stake in Flowserve by 54.5% in Q4, buying 30,000 shares to hold 85,000 shares (about $5.9M), making FLS its 7th largest position and ~3.2% of the fund.
• Flowserve beat quarterly EPS at $1.11 vs. $0.94 expected and reported revenue of $1.22B (up 3.5% YoY but slightly below estimates), set FY2026 guidance of $4.00–$4.20 EPS, and carries a consensus "Moderate Buy" rating with a $89.30 price target.
• Dividend increased to $0.22 quarterly (annualized $0.88), yielding about 1.0% with a payout ratio near 33.6%.

Bullseye Asset Management LLC increased its holdings in Flowserve Corporation (NYSE:FLS - Free Report) by 54.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 85,000 shares of the industrial products company's stock after purchasing an additional 30,000 shares during the period. Flowserve makes up about 3.2% of Bullseye Asset Management LLC's investment portfolio, making the stock its 7th largest position. Bullseye Asset Management LLC owned about 0.07% of Flowserve worth $5,897,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Atlas Capital Advisors Inc. bought a new stake in Flowserve in the fourth quarter worth $36,000. BOKF NA bought a new stake in Flowserve in the third quarter worth $28,000. Measured Wealth Private Client Group LLC bought a new stake in Flowserve in the third quarter worth $36,000. Bruce G. Allen Investments LLC bought a new stake in Flowserve in the third quarter worth $40,000. Finally, IFP Advisors Inc increased its position in 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 purchasing an additional 163 shares during the last quarter. Institutional investors own 93.93% of the company's stock.

Flowserve Trading Down 0.1%

FLS stock opened at $84.38 on Friday. 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 Corporation has a twelve month low of $39.85 and a twelve month high of $92.41. The stock has a market capitalization of $10.78 billion, a price-to-earnings ratio of 32.21, a price-to-earnings-growth ratio of 1.87 and a beta of 1.33. The firm's fifty day simple moving average is $80.85 and its two-hundred day simple moving average is $71.49.

Flowserve (NYSE:FLS - Get Free Report) last posted its quarterly earnings data on Thursday, February 5th. The industrial products company reported $1.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.94 by $0.17. Flowserve had a net margin of 7.32% and a return on equity of 21.19%. The business had revenue of $1.22 billion for the quarter, compared to analysts' expectations of $1.26 billion. During the same quarter in the previous year, the business posted $0.70 earnings per share. The business's revenue was up 3.5% compared to the same quarter last year. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. As a group, analysts anticipate that Flowserve Corporation will post 3.18 earnings per share for the current year.

Flowserve Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Friday, March 27th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.0%. This is a positive change from Flowserve's previous quarterly dividend of $0.21. The ex-dividend date was Friday, March 27th. Flowserve's dividend payout ratio (DPR) is presently 33.59%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. TD Cowen restated a "buy" rating on shares of Flowserve in a research report on Thursday, February 19th. Royal Bank Of Canada boosted their price target on shares of Flowserve from $83.00 to $96.00 and gave the stock an "outperform" rating in a research report on Monday, February 9th. Citigroup boosted their price target on shares of Flowserve from $85.00 to $98.00 and gave the stock a "buy" rating in a research report on Monday, February 9th. The Goldman Sachs Group restated a "neutral" rating and issued a $88.00 price target on shares of Flowserve in a research report on Monday, February 9th. Finally, Robert W. Baird set a $98.00 price objective on shares of Flowserve in a research report on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Flowserve currently has a consensus rating of "Moderate Buy" and a consensus price target of $89.30.

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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