Robeco Schweiz AG Purchases 17,850 Shares of Flowserve Corporation $FLS

Key Points

• Robeco Schweiz AG acquired 17,850 Flowserve shares worth approximately $1.305 million during the third quarter. Several other investment firms also initiated positions, and institutional investors collectively own 93.93% of the stock.
• Analysts maintain a generally positive view of Flowserve, with seven Buy ratings and four Holds. The stock has a “Moderate Buy” consensus rating and an average price target of $85.40.
• Flowserve exceeded quarterly earnings expectations with EPS of $0.95 versus the $0.86 consensus, while revenue reached $1.17 billion. The company pays a quarterly dividend of $0.22, equivalent to an annualized yield of approximately 1.3%.

Robeco Schweiz AG purchased a new position in Flowserve Corporation (NYSE:FLS - Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 17,850 shares of the industrial products company's stock, valued at approximately $1,305,000.

A number of other hedge funds have also modified their holdings of the stock. Pension & Wealth Management Advisors Inc. acquired a new stake in Flowserve in the third quarter valued at approximately $33,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Flowserve during the 2nd quarter worth $34,000. Global Retirement Partners LLC acquired a new position in shares of Flowserve during the 2nd quarter worth $38,000. Root Financial Partners LLC bought a new position in shares of Flowserve during the 3rd quarter valued at $41,000. Finally, Keating Financial Advisory Services Inc. bought a new position in shares of Flowserve during the 2nd quarter valued at $48,000. 93.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FLS has been the subject of several recent analyst reports. Mizuho decreased their price target on Flowserve from $91.00 to $85.00 and set an "outperform" rating for the company in a research note on Thursday, October 15th. Robert W. Baird set a $93.00 price objective on Flowserve in a report on Friday, July 31st. Stifel Nicolaus raised 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. Weiss Ratings upgraded Flowserve from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday. Finally, The Goldman Sachs Group set a $82.00 target price on Flowserve in a research report on Thursday, July 30th. Seven investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $85.40.

Flowserve Price Performance

NYSE FLS opened at $68.20 on Monday. The stock has a 50-day simple moving average of $74.74 and a 200 day simple moving average of $75.09. Flowserve Corporation has a twelve month low of $52.37 and a twelve month high of $92.41. The stock has a market capitalization of $8.67 billion, a PE ratio of 23.93, a P/E/G ratio of 1.52 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 (NYSE:FLS - Get Free Report) last released its earnings results on Wednesday, July 29th. The industrial products company reported $0.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.86 by $0.09. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates 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 last year, the firm posted $0.91 EPS. Flowserve has set its FY 2026 guidance at 4.050-4.200 EPS. Research analysts anticipate that Flowserve Corporation will post 4.10 EPS for the current year.

Flowserve Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 9th. Stockholders of record on Friday, September 25th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, September 25th. Flowserve's dividend payout ratio is currently 30.88%.

Flowserve Profile

Flowserve Corporation is a global manufacturer of flow-control equipment and related services. The company designs, produces and services pumps, valves, mechanical seals and associated systems used to move, control and protect fluids in industrial processes.

Its products and services support applications across the energy, chemical and petrochemical, water, pharmaceutical, mining, power and general industrial markets. Flowserve also provides aftermarket services, including equipment repair, maintenance, upgrades and replacement parts, helping customers improve the reliability and efficiency of their operations.

Headquartered in Irving, Texas, Flowserve serves customers through manufacturing, sales and service operations in North America, Europe, Asia and other international markets.

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