Robinhood Asset Management LLC Buys New Stake in Flowserve Corporation $FLS

Key Points

• Robinhood Asset Management bought 183,582 Flowserve shares worth approximately $13.6 million, giving it a 0.14% stake and making Flowserve 0.7% of its portfolio. Institutional investors collectively own 93.93% of the company.
• Flowserve exceeded quarterly expectations with EPS of $0.95 versus the $0.86 consensus and revenue of $1.17 billion versus $1.16 billion expected, although revenue declined 1.6% year over year.
• Earnings estimates and analyst sentiment remain broadly positive: Zacks raised its FY2026–FY2028 EPS forecasts, while Flowserve carries a “Moderate Buy” consensus rating and an average price target of $86.60.

Robinhood Asset Management LLC purchased a new position in shares of Flowserve Corporation (NYSE:FLS - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 183,582 shares of the industrial products company's stock, valued at approximately $13,614,000. Flowserve makes up about 0.7% of Robinhood Asset Management LLC's holdings, making the stock its 27th largest holding. Robinhood Asset Management LLC owned 0.14% of Flowserve as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of Flowserve in the second quarter worth about $999,631,000. Bank of New York Mellon Corp acquired a new stake in shares of Flowserve during the 2nd quarter valued at about $177,380,000. Norges Bank acquired a new stake in shares of Flowserve during the 4th quarter valued at about $117,964,000. UBS Group AG increased its stake 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 valued at $220,367,000 after purchasing an additional 1,676,284 shares in the last quarter. Finally, Merewether Investment Management LP purchased a new position in shares of Flowserve in the 2nd quarter valued at about $46,555,000. Institutional investors and hedge funds own 93.93% of the company's stock.

Flowserve News Summary

Here are the key news stories impacting Flowserve this week:

• Positive Sentiment: Zacks raised its FY2026 EPS estimate to $4.08 from $4.03, FY2027 to $4.61 from $4.59, and FY2028 to $5.18 from $5.13. It also increased Q4 2026, Q4 2027, Q2 2028 and Q1 2028 forecasts. These revisions suggest stronger expected earnings momentum over the next several years.
• Positive Sentiment: The revised FY2026 estimate of $4.08 is close to the broader consensus of $4.10, while the higher FY2027 and FY2028 projections point to continued profit growth beyond the current year.
• Positive Sentiment: Flowserve’s latest reported quarter also provides support: EPS of $0.95 exceeded expectations of $0.86, and revenue of $1.17 billion was slightly above forecasts, despite a 1.6% year-over-year decline. Zacks Industry Outlook Dover, Applied Industrial, Generac and Flowserve

Flowserve Trading Up 1.6%

FLS stock opened at $79.33 on Friday. Flowserve Corporation has a 12-month low of $48.71 and a 12-month high of $92.41. The business's 50-day moving average is $75.13 and its 200 day moving average is $77.17. The company has a current ratio of 2.15, a quick ratio of 1.58 and a debt-to-equity ratio of 0.91. The stock has a market cap of $10.08 billion, a price-to-earnings ratio of 27.84, a PEG ratio of 1.74 and a beta of 1.23.

Flowserve (NYSE:FLS - Get Free Report) last announced its earnings results on Wednesday, July 29th. The industrial products company reported $0.95 EPS for the quarter, beating analysts' consensus estimates of $0.86 by $0.09. The business 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 business's revenue was down 1.6% compared to the same quarter last year. During the same quarter 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, sell-side analysts anticipate that Flowserve Corporation will post 4.1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Royal Bank Of Canada increased their price target on Flowserve from $91.00 to $94.00 and gave the stock an "outperform" rating in a research report on Friday, July 31st. Wall Street Zen lowered Flowserve from a "buy" rating to a "hold" rating in a research report on Saturday, April 25th. Stifel Nicolaus lifted their price target on shares of Flowserve from $92.00 to $94.00 and gave the company a "buy" rating in a research note on Friday, July 31st. The Goldman Sachs Group set a $82.00 price target on shares of Flowserve in a report on Thursday, July 30th. Finally, Robert W. Baird set a $93.00 price target on shares of Flowserve in a report on Friday, July 31st. Seven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, Flowserve has a consensus rating of "Moderate Buy" and an average target price of $86.60.

Flowserve Company 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.

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.

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