NewEdge Advisors LLC Decreases Position in Flowserve Corporation $FLS

Key Points

• NewEdge Advisors LLC cut its Flowserve position by 61.4% during the first quarter, selling 16,790 shares and retaining 10,543 shares valued at approximately $775,000. Institutional investors collectively own 93.93% of FLS.
• Flowserve reported quarterly earnings of $0.95 per share, exceeding the $0.86 consensus estimate, while revenue reached $1.17 billion. However, revenue declined 1.6% year over year; fiscal 2026 EPS guidance is $4.05–$4.20.
• Analyst sentiment remains positive, with a consensus rating of “Moderate Buy” and an average price target of $86.60, compared with the stock’s reported opening price of $77.73.

NewEdge Advisors LLC trimmed its holdings in shares of Flowserve Corporation (NYSE:FLS - Free Report) by 61.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,543 shares of the industrial products company's stock after selling 16,790 shares during the period. NewEdge Advisors LLC's holdings in Flowserve were worth $775,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of FLS. BOKF NA bought a new stake in shares of Flowserve in the 3rd quarter valued at about $28,000. Atlas Capital Advisors Inc. bought a new position in Flowserve during the 4th quarter worth approximately $36,000. Measured Wealth Private Client Group LLC bought a new position in Flowserve during the 3rd quarter worth approximately $36,000. IFP Advisors Inc increased its stake in Flowserve by 24.4% in the 3rd quarter. IFP Advisors Inc now owns 830 shares of the industrial products company's stock worth $46,000 after purchasing an additional 163 shares during the period. Finally, Parallel Advisors LLC lifted its position in Flowserve by 20.1% in the third quarter. Parallel Advisors LLC now owns 968 shares of the industrial products company's stock valued at $51,000 after purchasing an additional 162 shares during the last quarter. 93.93% of the stock is owned by institutional investors.

Flowserve Stock Performance

Shares of FLS stock opened at $77.73 on Thursday. The company has a market capitalization of $9.88 billion, a price-to-earnings ratio of 27.27, a price-to-earnings-growth ratio of 1.75 and a beta of 1.23. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.58 and a current ratio of 2.15. Flowserve Corporation has a one year low of $48.71 and a one year high of $92.41. The company's 50-day moving average is $75.10 and its 200 day moving average is $77.15.

Flowserve (NYSE:FLS - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.09. The firm 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%.The company's revenue was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.91 earnings per share. Flowserve has set its FY 2026 guidance at 4.050-4.200 EPS. Sell-side analysts expect that Flowserve Corporation will post 4.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on FLS. Weiss Ratings raised shares of Flowserve from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Tuesday, August 11th. TD Cowen lowered shares of Flowserve from a "buy" rating to a "hold" rating and cut their price target for the stock from $85.00 to $70.00 in a report on Wednesday, June 24th. Citigroup restated a "buy" rating on shares of Flowserve in a research report on Thursday, April 30th. Royal Bank Of Canada increased their target price on shares of Flowserve from $91.00 to $94.00 and gave the stock an "outperform" rating in a report on Friday, July 31st. Finally, The Goldman Sachs Group set a $82.00 target price on Flowserve in a research note on Thursday, July 30th. Seven research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Flowserve has a consensus rating of "Moderate Buy" and a consensus target price of $86.60.

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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