Nicholas Investment Partners LP Buys New Holdings in Flowserve Corporation $FLS

Key Points

• Nicholas Investment Partners LP acquired 148,207 Flowserve shares in the second quarter, worth approximately $11.0 million and representing 0.12% of the company. Other institutions also initiated positions, with institutional investors collectively owning 93.93% of FLS.
• Analyst sentiment is broadly positive: Flowserve has a “Moderate Buy” consensus rating from seven Buy and four Hold ratings, with an average price target of $86.60.
• Flowserve beat quarterly expectations with earnings of $0.95 per share versus the $0.86 consensus and revenue of $1.17 billion. The company maintained fiscal 2026 EPS guidance of $4.05–$4.20, though quarterly revenue declined 1.6% year over year.

Nicholas Investment Partners LP bought a new position in Flowserve Corporation (NYSE:FLS - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 148,207 shares of the industrial products company's stock, valued at approximately $10,991,000. Nicholas Investment Partners LP owned 0.12% of Flowserve at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Legal & General Group Plc acquired a new position in shares of Flowserve in the 2nd quarter valued at $12,539,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Flowserve during the 2nd quarter valued at about $6,858,000. Asset One Wealth Management LLC acquired a new stake in shares of Flowserve during the 2nd quarter valued at about $298,000. Sanctuary Advisors LLC bought a new stake in Flowserve in the second quarter valued at about $511,000. Finally, Meiji Yasuda Asset Management Co Ltd. bought a new stake in Flowserve in the second quarter valued at about $217,000. Institutional investors and hedge funds own 93.93% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on FLS shares. The Goldman Sachs Group set a $82.00 price target on shares of Flowserve in a research report on Thursday, July 30th. TD Cowen downgraded Flowserve from a "buy" rating to a "hold" rating and decreased their price objective for the company from $85.00 to $70.00 in a report on Wednesday, June 24th. Stifel Nicolaus upped their price objective on Flowserve from $92.00 to $94.00 and gave the company a "buy" rating in a research note on Friday, July 31st. Royal Bank Of Canada increased their target price on Flowserve from $91.00 to $94.00 and gave the stock an "outperform" rating in a report on Friday, July 31st. Finally, Weiss Ratings upgraded Flowserve from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday, August 11th. Seven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Flowserve currently has an average rating of "Moderate Buy" and an average target price of $86.60.

Flowserve Price Performance

NYSE:FLS opened at $80.49 on Tuesday. The firm has a market cap of $10.23 billion, a PE ratio of 28.24, a price-to-earnings-growth ratio of 1.76 and a beta of 1.23. Flowserve Corporation has a 12 month low of $48.71 and a 12 month 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. The company's 50-day moving average price is $75.14 and its two-hundred day moving average price is $77.16.

Flowserve (NYSE:FLS - Get Free Report) last issued its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $1.16 billion. Flowserve had a net margin of 8.01% and a return on equity of 21.42%. The company's quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.91 earnings per share. Flowserve has set its FY 2026 guidance at 4.050-4.200 EPS. On average, equities analysts anticipate that Flowserve Corporation will post 4.1 EPS for the current fiscal year.

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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