Flowserve Corporation $FLS Shares Purchased by Tidal Investments LLC

Key Points

• Tidal Investments increased its Flowserve stake by 419.5% in the second quarter, acquiring 57,085 additional shares for a total holding of 70,693 shares worth approximately $5.24 million. Institutional investors and hedge funds collectively own 93.93% of the company.
• Analyst sentiment is broadly positive, with seven Buy ratings and four Holds producing a consensus “Moderate Buy” rating and an average price target of $86.60. Several firms recently raised their targets to $94.
• Flowserve exceeded quarterly earnings expectations, reporting $0.95 EPS versus the $0.86 consensus and $1.17 billion in revenue. The company also declared a quarterly dividend of $0.22 per share, equivalent to a 1.2% annualized yield.

Tidal Investments LLC increased its holdings in shares of Flowserve Corporation (NYSE:FLS - Free Report) by 419.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,693 shares of the industrial products company's stock after buying an additional 57,085 shares during the quarter. Tidal Investments LLC owned 0.06% of Flowserve worth $5,243,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. BOKF NA acquired a new stake in Flowserve in the third quarter worth about $28,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Flowserve during the second quarter valued at about $34,000. Atlas Capital Advisors Inc. purchased a new position in shares of Flowserve in the 4th quarter valued at approximately $36,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Flowserve in the 3rd quarter valued at approximately $36,000. Finally, Global Retirement Partners LLC purchased a new position in shares of Flowserve in the 2nd quarter valued at approximately $38,000. 93.93% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Weiss Ratings raised shares of Flowserve from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday, September 8th. Robert W. Baird set a $93.00 price target on shares of Flowserve in a report on Friday, July 31st. Stifel Nicolaus lifted their price objective on shares of Flowserve from $92.00 to $94.00 and gave the stock a "buy" rating in a research note on Friday, July 31st. The Goldman Sachs Group set a $82.00 price objective on shares of Flowserve in a report on Thursday, July 30th. Finally, Royal Bank Of Canada upped their target price on Flowserve from $91.00 to $94.00 and gave the company an "outperform" rating in a research report on Friday, July 31st. Seven investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $86.60.

Flowserve Price Performance

Shares of NYSE:FLS opened at $74.40 on Monday. Flowserve Corporation has a twelve month low of $48.71 and a twelve month high of $92.41. The company's 50 day moving average is $75.54 and its 200 day moving average is $76.29. The company has a current ratio of 2.15, a quick ratio of 1.58 and a debt-to-equity ratio of 0.91. The company has a market cap of $9.46 billion, a PE ratio of 26.11, a price-to-earnings-growth ratio of 1.65 and a beta of 1.25.

Flowserve (NYSE:FLS - Get Free Report) last posted its quarterly 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 net margin of 8.01% and a return on equity of 21.42%. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same period last year, the firm posted $0.91 EPS. Flowserve'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, sell-side analysts forecast that Flowserve Corporation will post 4.1 EPS for the current year.

Flowserve Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Friday, September 25th 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 of this dividend is Friday, September 25th. Flowserve's dividend payout ratio (DPR) is 30.88%.

Flowserve Profile

Flowserve Corp. is an industrial manufacturer that designs, manufactures and services flow-control equipment used to move, control and protect fluids in industrial processes. Its product portfolio includes engineered and industrial pumps, valves, mechanical seals, aftermarket parts and related services.

The company serves customers across energy, chemical processing, water, mining, pharmaceutical, power generation and other general industrial markets. Its equipment is used in applications such as oil and gas production, refining, pipeline transportation, power generation and industrial water treatment.

Flowserve traces its corporate heritage to businesses established in the late 18th century and was formed in its current structure through the combination of established pump and flow-control companies.

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