Vanguard Group Inc. Sells 498,706 Shares of Flowserve Corporation $FLS

Key Points

• Vanguard Group Inc. reduced its holding in Flowserve by 3.8%, selling 498,706 shares and finishing the quarter with 12,702,692 shares (a 9.99% stake) worth about $881.3 million.
• Flowserve reported $0.85 EPS (above the $0.82 estimate) but revenue missed at $1.07 billion (down 6.7% YoY), and the company set FY2026 guidance of 4.00–4.20 EPS with analysts projecting roughly 4.04 EPS.
• Flowserve raised its quarterly dividend to $0.22 (annualized $0.88, ~1.2% yield); the stock trades near $71.68 with a $9.16 billion market cap and an average analyst target of $87.70 ("Moderate Buy").

Vanguard Group Inc. decreased its holdings in shares of Flowserve Corporation (NYSE:FLS - Free Report) by 3.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,702,692 shares of the industrial products company's stock after selling 498,706 shares during the quarter. Vanguard Group Inc. owned 9.99% of Flowserve worth $881,313,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of FLS. Goldman Sachs Group Inc. grew its stake in shares of Flowserve by 48.2% during the first quarter. Goldman Sachs Group Inc. now owns 471,893 shares of the industrial products company's stock valued at $23,047,000 after buying an additional 153,553 shares during the last quarter. Sivia Capital Partners LLC bought a new position in shares of Flowserve during the second quarter valued at approximately $313,000. First Trust Advisors LP grew its stake in shares of Flowserve by 6.0% during the second quarter. First Trust Advisors LP now owns 134,484 shares of the industrial products company's stock valued at $7,040,000 after buying an additional 7,624 shares during the last quarter. Cresset Asset Management LLC grew its stake in shares of Flowserve by 24.1% during the second quarter. Cresset Asset Management LLC now owns 14,246 shares of the industrial products company's stock valued at $749,000 after buying an additional 2,769 shares during the last quarter. Finally, California Public Employees Retirement System grew its stake in shares of Flowserve by 10.5% during the second quarter. California Public Employees Retirement System now owns 232,848 shares of the industrial products company's stock valued at $12,190,000 after buying an additional 22,108 shares during the last quarter. Institutional investors own 93.93% of the company's stock.

Flowserve Stock Down 2.7%

Shares of NYSE:FLS opened at $71.68 on Friday. Flowserve Corporation has a 52-week low of $45.11 and a 52-week high of $92.41. The stock has a market cap of $9.16 billion, a P/E ratio of 26.55, a price-to-earnings-growth ratio of 1.61 and a beta of 1.24. The business's 50 day moving average is $79.96 and its 200 day moving average is $74.39. The company has a quick ratio of 1.50, a current ratio of 2.22 and a debt-to-equity ratio of 0.73.

Flowserve (NYSE:FLS - Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.03. Flowserve had a return on equity of 21.46% and a net margin of 7.61%.The company had revenue of $1.07 billion for the quarter, compared to analysts' expectations of $1.17 billion. During the same quarter in the prior year, the firm earned $0.72 earnings per share. Flowserve's revenue was down 6.7% compared to the same quarter last year. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. Sell-side analysts predict that Flowserve Corporation will post 4.04 EPS for the current year.

Flowserve Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Friday, March 27th were issued a dividend of $0.22 per share. This is an increase from Flowserve's previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Friday, March 27th. Flowserve's dividend payout ratio (DPR) is currently 32.59%.

Wall Street Analysts Forecast Growth

FLS has been the topic of a number of analyst reports. Zacks Research cut Flowserve from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 15th. Mizuho upped their target price on Flowserve from $74.00 to $91.00 and gave the company an "outperform" rating in a research note on Monday, February 9th. Jefferies Financial Group reaffirmed a "buy" rating and set a $90.00 target price (down from $100.00) on shares of Flowserve in a research note on Tuesday, March 31st. Robert W. Baird set a $98.00 target price on Flowserve in a research note on Monday, February 9th. Finally, Citigroup reaffirmed a "buy" rating on shares of Flowserve in a research note on Thursday. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, Flowserve has an average rating of "Moderate Buy" and an average target price of $87.70.

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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