Northwestern Mutual Wealth Management Co. Buys Shares of 12,444 Flowserve Corporation $FLS

Key Points

• Northwestern Mutual Wealth Management initiated a Flowserve position by purchasing 12,444 shares valued at approximately $923,000. Institutional investors and hedge funds collectively own 93.93% of the company.
• Flowserve reported quarterly EPS of $0.95, beating estimates of $0.86, while revenue reached $1.17 billion. The company maintained fiscal 2026 EPS guidance of $4.05–$4.20.
• Analyst sentiment remains positive overall, with seven Buy ratings and four Holds, producing a consensus “Moderate Buy” rating and an average price target of $86.60.

Northwestern Mutual Wealth Management Co. bought a new position in Flowserve Corporation (NYSE:FLS - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 12,444 shares of the industrial products company's stock, valued at approximately $923,000.

Other hedge funds also recently modified their holdings of the company. BOKF NA bought a new position in shares of Flowserve during the 3rd quarter valued at $28,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Flowserve in the second quarter worth $34,000. Atlas Capital Advisors Inc. acquired a new position in Flowserve during the fourth quarter worth $36,000. Measured Wealth Private Client Group LLC acquired a new position in Flowserve during the third quarter worth $36,000. Finally, Global Retirement Partners LLC bought a new position in Flowserve during the second quarter valued at about $38,000. Institutional investors and hedge funds own 93.93% of the company's stock.

Flowserve Stock Performance

Shares of NYSE FLS opened at $80.67 on Wednesday. Flowserve Corporation has a 12 month low of $48.71 and a 12 month high of $92.41. The company has a market cap of $10.25 billion, a P/E ratio of 28.31, a P/E/G ratio of 1.79 and a beta of 1.23. The business's 50 day moving average is $75.15 and its two-hundred day moving average is $77.17. 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 posted its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.09. The company 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%.Flowserve's revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.91 earnings per share. Flowserve has set its FY 2026 guidance at 4.050-4.200 EPS. On average, equities analysts expect that Flowserve Corporation will post 4.1 EPS for the current year.

Analyst Upgrades and Downgrades

FLS has been the subject of a number of analyst reports. Stifel Nicolaus boosted their price target on Flowserve from $92.00 to $94.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. The Goldman Sachs Group set a $82.00 price objective on Flowserve in a report on Thursday, July 30th. Robert W. Baird set a $93.00 price objective on Flowserve in a research note on Friday, July 31st. TD Cowen lowered Flowserve from a "buy" rating to a "hold" rating and reduced their target price for the stock from $85.00 to $70.00 in a report on Wednesday, June 24th. Finally, Weiss Ratings raised Flowserve from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday, August 11th. Seven investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $86.60.

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.

Want to see what other hedge funds are holding FLS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Flowserve Corporation (NYSE:FLS - Free Report).

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source