Canada Pension Plan Investment Board Purchases New Holdings in Flowserve Corporation $FLS

Key Points

• Canada Pension Plan Investment Board acquired 55,400 Flowserve shares in the second quarter, valued at approximately $4.1 million. Institutional investors collectively own 93.93% of the company, with BlackRock also establishing a significant new position.
• Flowserve exceeded quarterly earnings expectations, reporting $0.95 EPS versus the $0.86 consensus and $1.17 billion in revenue. However, revenue declined 1.6% year over year; full-year 2026 EPS guidance is $4.05–$4.20.
• The company declared a quarterly dividend of $0.22 per share, equivalent to an annualized $0.88 payout and a 1.1% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $86.60, compared with the reported share price of $80.49.

Canada Pension Plan Investment Board acquired a new position in shares of Flowserve Corporation (NYSE:FLS - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 55,400 shares of the industrial products company's stock, valued at approximately $4,108,000.

A number of other large investors have also modified their holdings of FLS. BlackRock Inc. acquired a new position in shares of Flowserve during the 2nd quarter worth $999,631,000. UBS Group AG boosted its holdings in shares of Flowserve by 67.8% during the third quarter. UBS Group AG now owns 4,146,917 shares of the industrial products company's stock worth $220,367,000 after purchasing an additional 1,676,284 shares during the last quarter. AQR Capital Management LLC boosted its stake in Flowserve by 9.9% in the 3rd quarter. AQR Capital Management LLC now owns 3,230,118 shares of the industrial products company's stock worth $171,648,000 after buying an additional 290,226 shares during the last quarter. Nuveen LLC grew its holdings in Flowserve by 6.1% in the fourth quarter. Nuveen LLC now owns 2,777,288 shares of the industrial products company's stock valued at $192,688,000 after purchasing an additional 158,661 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Flowserve by 12.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,745,206 shares of the industrial products company's stock worth $190,468,000 after buying an additional 299,346 shares during the last quarter. 93.93% of the stock is owned by hedge funds and other institutional investors.

Flowserve Stock Performance

Shares of FLS stock opened at $80.49 on Monday. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.15 and a quick ratio of 1.58. The company's fifty day moving average price is $75.20 and its two-hundred day moving average price is $77.13. The firm has a market capitalization of $10.23 billion, a P/E ratio of 28.24, a P/E/G ratio of 1.79 and a beta of 1.23. Flowserve Corporation has a 12 month low of $48.71 and a 12 month high of $92.41.

Flowserve (NYSE:FLS - Get Free Report) last announced its earnings results on Wednesday, July 29th. The industrial products company reported $0.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analyst estimates of $1.16 billion. During the same period in the previous year, the company earned $0.91 earnings per share. The company's revenue for the quarter 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, research analysts anticipate that Flowserve Corporation will post 4.1 earnings per share for the current fiscal year.

Flowserve Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Friday, September 25th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, September 25th. Flowserve's dividend payout ratio is presently 30.88%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on FLS. Weiss Ratings lowered shares of Flowserve from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday, August 25th. The Goldman Sachs Group set a $82.00 price objective on Flowserve in a research report on Thursday, July 30th. Robert W. Baird set a $93.00 target price on Flowserve in a research report on Friday, July 31st. TD Cowen lowered Flowserve from a "buy" rating to a "hold" rating and lowered their target price for the company from $85.00 to $70.00 in a research note on Wednesday, June 24th. Finally, Royal Bank Of Canada raised their target price on Flowserve from $91.00 to $94.00 and gave the company an "outperform" rating in a report on Friday, July 31st. Six analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Flowserve has an average rating of "Moderate Buy" and an average 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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