Flowserve Corporation $FLS Shares Sold by Cetera Investment Advisers

Key Points

• Cetera Investment Advisers cut its Flowserve position by 43.7% in the first quarter, selling 17,758 shares and retaining 22,837 shares valued at $1.68 million. Institutional investors and hedge funds still own 93.93% of the company.
• Analyst sentiment remains positive overall, with a consensus “Moderate Buy” rating and an average price target of $86.60, although several firms recently downgraded the stock to “Hold.”
• Flowserve exceeded quarterly expectations, reporting $0.95 in EPS versus the $0.86 consensus and $1.17 billion in revenue. The company maintains 2026 EPS guidance of $4.05–$4.20 and pays a quarterly dividend of $0.22.

Cetera Investment Advisers lowered its position in Flowserve Corporation (NYSE:FLS - Free Report) by 43.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,837 shares of the industrial products company's stock after selling 17,758 shares during the quarter. Cetera Investment Advisers' holdings in Flowserve were worth $1,679,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Aureus Asset Management LLC acquired a new position in Flowserve in the 1st quarter valued at about $26,345,000. First Trust Advisors LP increased its holdings in shares of Flowserve by 32.2% during the 1st quarter. First Trust Advisors LP now owns 511,054 shares of the industrial products company's stock worth $37,567,000 after buying an additional 124,599 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Flowserve by 9.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 17,936 shares of the industrial products company's stock valued at $1,318,000 after buying an additional 1,532 shares during the period. DUTCH ASSET Corp raised its position in shares of Flowserve by 99.3% during the 1st quarter. DUTCH ASSET Corp now owns 17,312 shares of the industrial products company's stock valued at $1,273,000 after buying an additional 8,627 shares during the period. Finally, Meeder Asset Management Inc. acquired a new position in Flowserve in the first quarter valued at approximately $895,000. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on FLS. Wall Street Zen lowered Flowserve from a "buy" rating to a "hold" rating in a research report on Saturday, April 25th. The Goldman Sachs Group set a $82.00 target price on Flowserve in a research report on Thursday, July 30th. Weiss Ratings lowered Flowserve from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, July 28th. TD Cowen downgraded Flowserve from a "buy" rating to a "hold" rating and cut their price objective for the stock from $85.00 to $70.00 in a research report on Wednesday, June 24th. Finally, Robert W. Baird set a $93.00 price objective on shares of Flowserve in a report on Friday, July 31st. Six equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Flowserve has a consensus rating of "Moderate Buy" and an average target price of $86.60.

Flowserve Price Performance

FLS stock opened at $79.50 on Tuesday. The business's fifty day moving average price is $74.35 and its 200 day moving average price is $77.03. Flowserve Corporation has a 12-month low of $48.71 and a 12-month high of $92.41. 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 capitalization of $10.11 billion, a PE ratio of 27.89, a P/E/G ratio of 1.78 and a beta of 1.23.

Flowserve (NYSE:FLS - Get Free Report) last announced its earnings results on Wednesday, July 29th. The industrial products company reported $0.95 EPS for the quarter, beating analysts' consensus estimates of $0.86 by $0.09. The company had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.16 billion. Flowserve had a return on equity of 21.42% and a net margin of 8.01%.Flowserve's revenue for the quarter was down 1.6% on a year-over-year basis. During the same period last year, the business posted $0.91 EPS. Flowserve has set its FY 2026 guidance at 4.050-4.200 EPS. On average, sell-side analysts anticipate that Flowserve Corporation will post 4.1 EPS for the current year.

Flowserve Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Friday, June 26th were paid a $0.22 dividend. The ex-dividend date of this dividend was Friday, June 26th. This represents a $0.88 annualized dividend and a dividend yield of 1.1%. Flowserve's dividend payout ratio (DPR) is presently 30.88%.

Insider Activity at Flowserve

In other Flowserve news, Director Brian D. Savoy acquired 1,000 shares of the company's stock in a transaction that occurred on Thursday, May 14th. The stock was purchased at an average price of $67.34 per share, for a total transaction of $67,340.00. Following the completion of the acquisition, the director owned 1,000 shares of the company's stock, valued at approximately $67,340. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.71% of the company's stock.

Flowserve 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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