Danske Bank A S Trims Stock Position in Flowserve Corporation $FLS

Key Points

• Danske Bank A/S cut its stake in Flowserve by 88.4% in Q4, selling 19,769 shares and leaving a holding of 2,600 shares valued at $180,000.
• Flowserve beat EPS expectations in the quarter ($0.85 vs. $0.82) but missed on revenue, and set FY 2026 guidance of 4.00–4.20 EPS with sell-side consensus around 4.05.
• The stock is heavily institutionally owned (93.93%), and analysts maintain a "Moderate Buy" consensus with an average target price of $87.70.

Danske Bank A S decreased its stake in Flowserve Corporation (NYSE:FLS - Free Report) by 88.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,600 shares of the industrial products company's stock after selling 19,769 shares during the quarter. Danske Bank A S's holdings in Flowserve were worth $180,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Goldman Sachs Group Inc. boosted its position in Flowserve by 48.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 471,893 shares of the industrial products company's stock worth $23,047,000 after purchasing an additional 153,553 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in shares of Flowserve during the 2nd quarter valued at approximately $313,000. First Trust Advisors LP increased its holdings in shares of Flowserve by 6.0% during the 2nd quarter. First Trust Advisors LP now owns 134,484 shares of the industrial products company's stock valued at $7,040,000 after purchasing an additional 7,624 shares in the last quarter. Cresset Asset Management LLC lifted its stake in shares of Flowserve by 24.1% in the 2nd quarter. Cresset Asset Management LLC now owns 14,246 shares of the industrial products company's stock valued at $749,000 after purchasing an additional 2,769 shares during the period. Finally, California Public Employees Retirement System lifted its stake in shares of Flowserve by 10.5% in the 2nd quarter. California Public Employees Retirement System now owns 232,848 shares of the industrial products company's stock valued at $12,190,000 after purchasing an additional 22,108 shares during the period. 93.93% of the stock is currently owned by hedge funds and other institutional investors.

Flowserve Stock Performance

FLS opened at $73.44 on Thursday. Flowserve Corporation has a twelve month low of $45.11 and a twelve month high of $92.41. The firm has a market capitalization of $9.39 billion, a PE ratio of 27.20, a PEG ratio of 1.58 and a beta of 1.24. The company has a current ratio of 2.22, a quick ratio of 1.63 and a debt-to-equity ratio of 0.73. The firm's 50-day moving average price is $79.29 and its 200 day moving average price is $74.85.

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

Flowserve Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Friday, March 27th were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.2%. This is an increase from Flowserve's previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Friday, March 27th. Flowserve's dividend payout ratio is presently 32.59%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Mizuho raised their price target on shares of Flowserve from $74.00 to $91.00 and gave the company an "outperform" rating in a research report on Monday, February 9th. 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. Stifel Nicolaus set a $92.00 target price on Flowserve in a research report on Friday, May 1st. Wall Street Zen lowered Flowserve from a "buy" rating to a "hold" rating in a research note on Saturday, April 25th. Finally, Citigroup reiterated a "buy" rating on shares of Flowserve in a research report on Thursday, April 30th. Eight equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $87.70.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.