Flowserve Corporation $FLS Stock Position Raised by California State Teachers Retirement System

Key Points

• California State Teachers Retirement System increased its Flowserve stake by 7,209.3% to 10.996 million shares, representing an 8.65% ownership interest valued at approximately $815.5 million. Institutional investors and hedge funds collectively own 93.93% of the company.
• Analyst sentiment remains favorable, with seven Buy ratings and four Holds producing a consensus “Moderate Buy” rating and an average price target of $86.60.
• Flowserve exceeded quarterly earnings expectations, reporting $0.95 EPS versus the $0.86 consensus and $1.17 billion in revenue. The company also maintained 2026 EPS guidance of $4.05–$4.20 and declared a quarterly dividend of $0.22 per share.

California State Teachers Retirement System boosted its position in shares of Flowserve Corporation (NYSE:FLS - Free Report) by 7,209.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,996,000 shares of the industrial products company's stock after purchasing an additional 10,845,561 shares during the period. California State Teachers Retirement System owned 8.65% of Flowserve worth $815,463,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of Flowserve during the 2nd quarter worth $999,631,000. PointState Capital LP bought a new position in Flowserve in the 2nd quarter worth $196,837,000. Bank of New York Mellon Corp bought a new position in Flowserve in the 2nd quarter worth $177,380,000. Bank of America Corp DE acquired a new position in Flowserve during the 2nd quarter worth $144,400,000. Finally, Norges Bank acquired a new position in Flowserve during the 4th quarter worth $117,964,000. 93.93% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

FLS has been the topic of several research analyst reports. Stifel Nicolaus raised 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 target price on shares of Flowserve in a research note on Thursday, July 30th. Robert W. Baird set a $93.00 price target on shares of Flowserve in a report on Friday, July 31st. TD Cowen lowered shares of Flowserve from a "buy" rating to a "hold" rating and decreased their price target for the stock from $85.00 to $70.00 in a research report on Wednesday, June 24th. Finally, Weiss Ratings upgraded shares of Flowserve from a "hold (c+)" rating to a "buy (b-)" rating in a report on Tuesday, September 8th. 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, Flowserve presently has a consensus rating of "Moderate Buy" and a consensus price target of $86.60.

Flowserve Trading Down 0.1%

Shares of NYSE FLS opened at $74.40 on Monday. Flowserve Corporation has a 1-year low of $48.71 and a 1-year high of $92.41. The company has a 50-day moving average of $75.54 and a two-hundred day moving average of $76.29. The company has a market cap of $9.46 billion, a PE ratio of 26.11, a P/E/G ratio of 1.65 and a beta of 1.25. The company has a current ratio of 2.15, a quick ratio of 1.58 and a debt-to-equity ratio of 0.91.

Flowserve (NYSE:FLS - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.09. Flowserve had a return on equity of 21.42% and a net margin of 8.01%.The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the prior year, the firm posted $0.91 earnings per share. The firm'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. As a group, equities analysts expect that Flowserve Corporation will post 4.1 earnings per share for the current fiscal year.

Flowserve Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Friday, September 25th will be issued a dividend of $0.22 per share. The ex-dividend date is Friday, September 25th. This represents a $0.88 annualized dividend and a yield of 1.2%. Flowserve's payout ratio is currently 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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