M&T Bank Corp Invests $1.37 Million in Flowserve Corporation $FLS

Key Points

• M&T Bank bought a new position of 20,293 Flowserve shares in Q4, valued at approximately $1.37 million.
• Flowserve reported Q1 EPS of $0.85 (slightly above estimates) but revenue fell 6.7% YoY to $1.07B and missed consensus, while FY‑2026 guidance of $4.00–4.20 EPS was roughly in line with Street expectations.
• Institutional ownership is very high (about 93.93%), with large increases from managers like MFS and UBS, and activist investor Starboard has built a stake and is pushing for changes.

M&T Bank Corp bought a new position in Flowserve Corporation (NYSE:FLS - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 20,293 shares of the industrial products company's stock, valued at approximately $1,366,000.

Several other institutional investors have also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA raised its position in shares of Flowserve by 104.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,333,481 shares of the industrial products company's stock worth $230,281,000 after acquiring an additional 2,213,406 shares in the last quarter. UBS Group AG raised its position in shares of Flowserve by 67.8% in the 3rd quarter. UBS Group AG now owns 4,146,917 shares of the industrial products company's stock worth $220,367,000 after acquiring an additional 1,676,284 shares in the last quarter. AQR Capital Management LLC raised its position in shares of Flowserve by 9.9% in the 3rd quarter. AQR Capital Management LLC now owns 3,230,118 shares of the industrial products company's stock worth $171,648,000 after acquiring an additional 290,226 shares in the last quarter. Earnest Partners LLC raised its position in shares of Flowserve by 5.0% in the 3rd quarter. Earnest Partners LLC now owns 2,885,879 shares of the industrial products company's stock worth $153,356,000 after acquiring an additional 136,867 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Flowserve by 0.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,445,860 shares of the industrial products company's stock worth $129,974,000 after acquiring an additional 20,884 shares in the last quarter. Institutional investors own 93.93% of the company's stock.

Flowserve News Summary

Here are the key news stories impacting Flowserve this week:

• Positive Sentiment: Strong backlog/bookings and aftermarket strength: Q1 bookings were $1.15B (including >$110M nuclear and ~$680M aftermarket), and adjusted operating margin expanded — a sign of durable aftermarket demand and margin leverage. Business Wire: Q1 Results
• Positive Sentiment: Activist interest from Starboard: reports that Starboard built a stake and is pushing for changes boosted investor attention and earlier price strength, which could accelerate strategic or capital-allocation moves. Bloomberg / MSN: Starboard stake
• Neutral Sentiment: Reported EPS and liquidity: Flowserve reported $0.85 EPS for Q1 (some outlets flagged this as a beat vs select estimates) and ended the quarter with a stronger cash balance (~$792M), supporting liquidity and optionality. Zacks: EPS Coverage
• Neutral Sentiment: FY‑2026 guidance roughly in-line but slightly cautious: management set EPS guidance of $4.00–4.20 (consensus ~4.11) and revenue guidance ~$4.9–5.0B (consensus ~5.0B), leaving limited upside to Street expectations. Company Press Release / Slides
• Negative Sentiment: Revenue miss and top-line pressure: Q1 revenue was $1.07B, down 6.7% YoY and below the consensus (~$1.18B), which keeps investor focus on order trends and end-market demand. QuiverQuant: Financials & Reaction
• Negative Sentiment: Execution and cash-flow concerns plus insider selling: operating profit declined and operating cash flow was negative in the quarter; Quiver also documents recent insider sales and sizable institutional reductions that may weigh on sentiment. QuiverQuant: Cash flow & Insider Activity

Flowserve Stock Down 1.1%

FLS stock opened at $84.13 on Thursday. Flowserve Corporation has a twelve month low of $43.47 and a twelve month high of $92.41. The company has a quick ratio of 1.50, a current ratio of 2.03 and a debt-to-equity ratio of 0.68. The firm has a market cap of $10.75 billion, a PE ratio of 32.11, a price-to-earnings-growth ratio of 1.96 and a beta of 1.33. The business has a 50 day moving average of $80.25 and a 200 day moving average of $74.23.

Flowserve (NYSE:FLS - Get Free Report) last issued its earnings results on Wednesday, April 29th. The industrial products company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.82 by $0.03. Flowserve had a return on equity of 21.19% and a net margin of 7.32%.The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same period last year, the business posted $0.72 EPS. The company's revenue was down 6.7% compared to the same quarter last year. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. On average, research analysts forecast that Flowserve Corporation will post 4.09 EPS for the current fiscal year.

Flowserve Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Friday, March 27th were paid a dividend of $0.22 per share. The ex-dividend date was Friday, March 27th. This represents a $0.88 annualized dividend and a yield of 1.0%. This is a positive change from Flowserve's previous quarterly dividend of $0.21. Flowserve's dividend payout ratio (DPR) is 33.59%.

Wall Street Analyst Weigh In

FLS has been the subject of a number of analyst reports. Citigroup reduced their price objective on Flowserve from $98.00 to $97.00 and set a "buy" rating for the company in a research report on Monday, April 13th. Zacks Research lowered Flowserve from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 15th. Weiss Ratings lowered Flowserve from a "buy (b-)" rating to a "hold (c)" rating in a research report on Wednesday, February 18th. Robert W. Baird set a $98.00 price objective on Flowserve in a research report on Monday, February 9th. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating and set a $88.00 price objective on shares of Flowserve in a research report on Monday, February 9th. Eight investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $89.70.

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.

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