Massachusetts Financial Services Co. MA Sells 505,195 Shares of Flowserve Corporation $FLS

Key Points

• Massachusetts Financial Services cut its Flowserve stake by 11.7% in Q4, selling 505,195 shares and ending the period with 3,828,286 shares (about 3.01% of the company) valued at ~$265.6 million.
• Flowserve beat EPS estimates with $1.11 versus $0.94 and reported $1.22 billion in revenue (a slight miss), set FY2026 guidance of $4.00–$4.20 EPS, and raised its quarterly dividend to $0.22 (annualized $0.88; ~1.0% yield).
• Analysts view the stock as a "Moderate Buy" with a consensus target price of $89.30 (one Strong Buy, eight Buy, three Hold).

Massachusetts Financial Services Co. MA lessened its stake in shares of Flowserve Corporation (NYSE:FLS - Free Report) by 11.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,828,286 shares of the industrial products company's stock after selling 505,195 shares during the quarter. Massachusetts Financial Services Co. MA owned 3.01% of Flowserve worth $265,606,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of FLS. BOKF NA bought a new position in shares of Flowserve during the 3rd quarter worth approximately $28,000. Measured Wealth Private Client Group LLC bought a new position in shares of Flowserve during the 3rd quarter worth approximately $36,000. Bruce G. Allen Investments LLC bought a new position in shares of Flowserve during the 3rd quarter worth approximately $40,000. IFP Advisors Inc lifted its position in shares of Flowserve by 24.4% during the 3rd quarter. IFP Advisors Inc now owns 830 shares of the industrial products company's stock worth $46,000 after buying an additional 163 shares during the period. Finally, Parallel Advisors LLC lifted its position in shares of Flowserve by 20.1% during the 3rd quarter. Parallel Advisors LLC now owns 968 shares of the industrial products company's stock worth $51,000 after buying an additional 162 shares during the period. Institutional investors own 93.93% of the company's stock.

Flowserve Trading Down 0.1%

Shares of FLS opened at $84.38 on Friday. The stock has a fifty day moving average price of $80.85 and a two-hundred day moving average price of $71.49. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.50 and a current ratio of 2.03. Flowserve Corporation has a 52-week low of $39.85 and a 52-week high of $92.41. The company has a market cap of $10.78 billion, a price-to-earnings ratio of 32.21, a PEG ratio of 1.87 and a beta of 1.33.

Flowserve (NYSE:FLS - Get Free Report) last issued its quarterly earnings data on Thursday, February 5th. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.17. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.26 billion. Flowserve had a return on equity of 21.19% and a net margin of 7.32%.The business's revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.70 EPS. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. Analysts predict that Flowserve Corporation will post 3.18 EPS for the current fiscal year.

Flowserve Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Friday, March 27th were given a dividend of $0.22 per share. The ex-dividend date was Friday, March 27th. This is an increase from Flowserve's previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.0%. Flowserve's dividend payout ratio is presently 33.59%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Wall Street Zen downgraded Flowserve from a "strong-buy" rating to a "buy" rating in a research report on Sunday, March 15th. Zacks Research upgraded Flowserve from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 2nd. Mizuho lifted their price objective on 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 reiterated a "buy" rating and issued a $90.00 price objective (down from $100.00) on shares of Flowserve in a research report on Tuesday, March 31st. Finally, TD Cowen reiterated a "buy" rating on shares of Flowserve in a research report on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Flowserve presently has an average rating of "Moderate Buy" and a consensus target price of $89.30.

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.