Ceredex Value Advisors LLC Acquires Shares of 362,985 Flowserve Corporation $FLS

Key Points

• Ceredex Value Advisors acquired 362,985 Flowserve shares worth approximately $26.9 million, giving it a 0.29% stake. Institutional investors collectively own 93.93% of the company, with BlackRock, Bank of New York Mellon and Norges Bank also reporting new positions.
• Analyst sentiment remains favorable, with seven Buy ratings and four Holds, producing a “Moderate Buy” consensus and an average price target of $86.60. However, TD Cowen downgraded the stock to Hold and cut its target to $70.
• Flowserve beat quarterly earnings expectations, reporting $0.95 in EPS versus the $0.86 consensus and $1.17 billion in revenue. The company reaffirmed fiscal 2026 EPS guidance of $4.05–$4.20, while longer-term estimates were raised despite a slight reduction in the near-term Q3 forecast.

Ceredex Value Advisors LLC acquired a new position in shares of Flowserve Corporation (NYSE:FLS - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 362,985 shares of the industrial products company's stock, valued at approximately $26,919,000. Ceredex Value Advisors LLC owned 0.29% of Flowserve at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of Flowserve during the second quarter worth approximately $999,631,000. Bank of New York Mellon Corp purchased a new position in Flowserve in the 2nd quarter valued at $177,380,000. Norges Bank purchased a new position in Flowserve in the 4th quarter valued at $117,964,000. UBS Group AG increased its stake in Flowserve by 67.8% in the 3rd quarter. UBS Group AG now owns 4,146,917 shares of the industrial products company's stock valued at $220,367,000 after buying an additional 1,676,284 shares during the period. Finally, Merewether Investment Management LP acquired a new position in Flowserve in the 2nd quarter valued at $46,555,000. 93.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

FLS has been the subject of several recent analyst reports. Robert W. Baird set a $93.00 target price on shares of Flowserve in a research note on Friday, July 31st. The Goldman Sachs Group set a $82.00 price target on shares of Flowserve in a research note on Thursday, July 30th. Royal Bank Of Canada increased their price target on shares of Flowserve from $91.00 to $94.00 and gave the stock an "outperform" rating in a report on Friday, July 31st. TD Cowen downgraded shares of Flowserve from a "buy" rating to a "hold" rating and reduced their price objective for the company from $85.00 to $70.00 in a research report on Wednesday, June 24th. Finally, Citigroup reaffirmed a "buy" rating on shares of Flowserve in a report on Thursday, April 30th. Seven analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $86.60.

Flowserve Stock Performance

NYSE:FLS opened at $78.14 on Friday. The firm's fifty day simple moving average is $75.10 and its 200-day simple moving average is $77.15. The company has a quick ratio of 1.58, a current ratio of 2.15 and a debt-to-equity ratio of 0.91. The stock has a market cap of $9.93 billion, a PE ratio of 27.42, a price-to-earnings-growth ratio of 1.73 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.

Flowserve (NYSE:FLS - Get Free Report) last announced its quarterly earnings data 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 net margin of 8.01% and a return on equity of 21.42%. The firm had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.16 billion. During the same quarter last year, the business earned $0.91 earnings per share. The business'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. Analysts expect that Flowserve Corporation will post 4.1 earnings per share for the current fiscal year.

Key Stories Impacting Flowserve

Here are the key news stories impacting Flowserve this week:

• Positive Sentiment: Zacks Research increased its FY2026 EPS estimate for Flowserve to $4.08 from $4.03, FY2027 to $4.61 from $4.59 and FY2028 to $5.18 from $5.13. It also raised Q4 2026 EPS to $1.27 from $1.25, Q4 2027 to $1.45 from $1.37 and Q2 2028 to $1.16 from $1.15. The upgrades suggest improving expectations for Flowserve’s longer-term earnings growth.
• Positive Sentiment: Industry conditions appear supportive. Zacks said increased manufacturing activity, technological progress and strategic acquisitions are strengthening the general industrial manufacturing sector, naming FLS among stocks positioned to benefit. 4 Industrial Manufacturing Stocks to Gain on Robust Industry Trends
• Positive Sentiment: The broader Zacks industry outlook also highlighted Flowserve alongside Dover, Applied Industrial Technologies and Generac as companies that could benefit from favorable general industrial trends. Zacks Industry Outlook Dover, Applied Industrial, Generac and Flowserve
• Neutral Sentiment: Zacks lowered its Q3 2026 EPS forecast to $1.01 from $1.04, indicating some pressure or caution in the immediate earnings outlook. Its revised FY2026 estimate of $4.08 is also slightly below the $4.10 consensus forecast.
• Neutral Sentiment: A recent roundup of second-quarter results for gas- and liquid-handling companies included Flowserve, but the available report details do not indicate a new company-specific catalyst. Q2 earnings roundup: Flowserve and the gas and liquid handling segment

About Flowserve

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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