Flowserve Corporation $FLS Shares Sold by California State Teachers Retirement System

Key Points

• California State Teachers Retirement System reduced its Flowserve stake by 1.4% in the second quarter, selling 2,165 shares and retaining 148,274 shares worth approximately $11 million. Institutional investors collectively own 93.93% of the company.
• Flowserve reported quarterly earnings of $0.95 per share, beating estimates of $0.86, while revenue reached $1.17 billion and declined 1.6% year over year. The company forecast fiscal 2026 EPS of $4.05 to $4.20.
• Shares recently traded at $71.34, down 0.1%, while analysts maintain a “Moderate Buy” consensus with an average price target of $86.60. Flowserve also declared a quarterly dividend of $0.22, equivalent to a 1.2% annualized yield.

California State Teachers Retirement System lessened its holdings in Flowserve Corporation (NYSE:FLS - Free Report) by 1.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 148,274 shares of the industrial products company's stock after selling 2,165 shares during the period. California State Teachers Retirement System owned about 0.12% of Flowserve worth $10,996,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. AlphaGrep UK Ltd bought a new position in Flowserve during the second quarter worth $312,000. Turner Financial Group Inc. bought a new position in shares of Flowserve in the 2nd quarter valued at $247,000. TD Waterhouse Canada Inc. raised its position in shares of Flowserve by 74.6% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 126,781 shares of the industrial products company's stock worth $9,176,000 after acquiring an additional 54,150 shares in the last quarter. Nykredit A S bought a new position in Flowserve during the 2nd quarter valued at $285,000. Finally, Two Sigma Securities LLC purchased a new position in Flowserve in the 2nd quarter valued at approximately $485,000. 93.93% of the stock is currently owned by institutional investors.

Flowserve Stock Down 0.1%

NYSE:FLS traded down $0.05 during trading hours on Tuesday, hitting $71.34. 657,016 shares of the company traded hands, compared to its average volume of 1,917,461. The firm's 50-day simple moving average is $75.48 and its 200-day simple moving average is $76.15. The company has a market cap of $9.07 billion, a PE ratio of 25.00, a PEG ratio of 1.65 and a beta of 1.25. Flowserve Corporation has a one year low of $48.71 and a one year high of $92.41. The company has a quick ratio of 1.58, a current ratio of 2.15 and a debt-to-equity ratio of 0.91.

Flowserve (NYSE:FLS - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $0.95 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 during the quarter, compared to analyst estimates of $1.16 billion. During the same quarter last year, the firm posted $0.91 earnings per share. The company's revenue for the quarter was down 1.6% on a year-over-year basis. Flowserve has set its FY 2026 guidance at 4.050-4.200 EPS. Equities analysts predict that Flowserve Corporation will post 4.1 earnings per share for the current year.

Flowserve Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Friday, September 25th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Friday, September 25th. This represents a $0.88 annualized dividend and a dividend yield of 1.2%. Flowserve's payout ratio is presently 30.88%.

Analyst Upgrades and Downgrades

Several brokerages have commented on FLS. TD Cowen downgraded Flowserve from a "buy" rating to a "hold" rating and cut their target price for the company from $85.00 to $70.00 in a research note on Wednesday, June 24th. The Goldman Sachs Group set a $82.00 price objective on Flowserve in a research report on Thursday, July 30th. Royal Bank Of Canada increased their price target on shares of Flowserve from $91.00 to $94.00 and gave the stock an "outperform" rating in a report on Friday, July 31st. Weiss Ratings upgraded Flowserve from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Tuesday, September 8th. Finally, Robert W. Baird set a $93.00 price target on Flowserve in a research report on Friday, July 31st. Seven research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $86.60.

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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