Daiwa Securities Group Inc. Makes New $12.94 Million Investment in Flowserve Corporation $FLS

Key Points

• Daiwa Securities Group Inc. disclosed a new position in Flowserve, buying 186,553 shares valued at about $12.94 million in the fourth quarter and owning roughly 0.15% of the company.
• Flowserve’s latest quarterly results beat EPS expectations at $0.85 per share, but revenue came in below forecasts at $1.07 billion and fell 6.7% year over year.
• Analyst sentiment remains mostly positive, with eight Buy ratings and an average price target of $87.70, while the stock recently traded down 2.7% to $73.41.

Daiwa Securities Group Inc. purchased a new position in Flowserve Corporation (NYSE:FLS - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 186,553 shares of the industrial products company's stock, valued at approximately $12,943,000. Daiwa Securities Group Inc. owned about 0.15% of Flowserve as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC grew its position in Flowserve by 3.9% in the third quarter. EverSource Wealth Advisors LLC now owns 4,181 shares of the industrial products company's stock worth $222,000 after buying an additional 157 shares during the last quarter. Parallel Advisors LLC grew its position in Flowserve by 20.1% in the third quarter. Parallel Advisors LLC now owns 968 shares of the industrial products company's stock worth $51,000 after buying an additional 162 shares during the last quarter. IFP Advisors Inc grew 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 buying an additional 163 shares during the last quarter. Measured Wealth Private Client Group LLC grew its position in Flowserve by 31.5% in the fourth quarter. Measured Wealth Private Client Group LLC now owns 880 shares of the industrial products company's stock worth $61,000 after buying an additional 211 shares during the last quarter. Finally, Pallas Capital Advisors LLC grew its position in Flowserve by 0.8% in the fourth quarter. Pallas Capital Advisors LLC now owns 25,939 shares of the industrial products company's stock worth $1,800,000 after buying an additional 217 shares during the last quarter. Institutional investors and hedge funds own 93.93% of the company's stock.

Analyst Ratings Changes

FLS has been the topic of several recent research reports. TD Cowen restated a "buy" rating on shares of Flowserve in a research report on Friday, May 1st. Jefferies Financial Group reissued a "buy" rating and set a $90.00 target price (down from $100.00) on shares of Flowserve in a research note on Tuesday, March 31st. Royal Bank Of Canada cut their target price on shares of Flowserve from $98.00 to $91.00 and set an "outperform" rating on the stock in a research note on Friday, May 1st. Zacks Research downgraded shares of Flowserve from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 15th. Finally, Wall Street Zen downgraded shares of Flowserve from a "buy" rating to a "hold" rating in a research note on Saturday, April 25th. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $87.70.

Flowserve Trading Down 2.7%

Flowserve stock opened at $73.41 on Friday. The company's fifty day simple moving average is $75.50 and its 200-day simple moving average is $76.05. The company has a quick ratio of 1.63, a current ratio of 2.22 and a debt-to-equity ratio of 0.73. Flowserve Corporation has a 12 month low of $45.11 and a 12 month high of $92.41. The stock has a market cap of $9.38 billion, a P/E ratio of 27.19, a P/E/G ratio of 1.65 and a beta of 1.22.

Flowserve (NYSE:FLS - Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.82 by $0.03. Flowserve had a net margin of 7.61% and a return on equity of 21.46%. The business had revenue of $1.07 billion for the quarter, compared to analysts' expectations of $1.17 billion. During the same period in the previous year, the company posted $0.72 EPS. Flowserve's revenue was down 6.7% on a year-over-year basis. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. As a group, sell-side analysts forecast that Flowserve Corporation will post 4.05 EPS for the current fiscal year.

Flowserve Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Friday, June 26th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, June 26th. Flowserve's payout ratio is currently 32.59%.

Insider Activity at Flowserve

In other Flowserve news, Director Brian D. Savoy acquired 1,000 shares of Flowserve stock in a transaction that occurred on Thursday, May 14th. The stock was acquired at an average price of $67.34 per share, with a total value of $67,340.00. Following the purchase, the director owned 1,000 shares in the company, valued at approximately $67,340. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.71% of the stock is currently owned by corporate insiders.

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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