Vest Financial LLC Makes New $1.50 Million Investment in Flowserve Corporation $FLS

Key Points

• Vest Financial LLC purchased a new position of 21,634 shares in Flowserve in Q4, valued at $1.50 million.
• Analysts have raised targets (RBC to $96, Mizuho to $91) and Flowserve's consensus rating is a Moderate Buy with an average price target of $89.20 (7 Buys, 4 Holds).
• Flowserve beat Q1 EPS ($0.85 vs. $0.82) but revenue fell 6.7% y/y and missed estimates; the company set FY2026 guidance of 4.00–4.20 EPS and increased its quarterly dividend to $0.22 (1.2% yield).

Vest Financial LLC purchased a new position in shares of Flowserve Corporation (NYSE:FLS - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 21,634 shares of the industrial products company's stock, valued at approximately $1,501,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA lifted its stake in Flowserve by 104.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 4,333,481 shares of the industrial products company's stock worth $230,281,000 after purchasing an additional 2,213,406 shares during the last quarter. UBS Group AG boosted its holdings in shares of Flowserve by 67.8% during the third quarter. UBS Group AG now owns 4,146,917 shares of the industrial products company's stock worth $220,367,000 after purchasing an additional 1,676,284 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Flowserve by 9.9% during the third quarter. AQR Capital Management LLC now owns 3,230,118 shares of the industrial products company's stock worth $171,648,000 after purchasing an additional 290,226 shares during the period. Earnest Partners LLC boosted its holdings in shares of Flowserve by 5.0% during the third quarter. Earnest Partners LLC now owns 2,885,879 shares of the industrial products company's stock worth $153,356,000 after purchasing an additional 136,867 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Flowserve by 0.9% during the third quarter. Dimensional Fund Advisors LP now owns 2,445,860 shares of the industrial products company's stock worth $129,974,000 after purchasing an additional 20,884 shares during the period. Institutional investors own 93.93% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on FLS. Royal Bank Of Canada increased their target price on shares of Flowserve from $83.00 to $96.00 and gave the stock an "outperform" rating in a report on Monday, February 9th. Mizuho increased their target price on shares of Flowserve from $74.00 to $91.00 and gave the stock an "outperform" rating in a report on Monday, February 9th. Wall Street Zen lowered shares of Flowserve from a "buy" rating to a "hold" rating in a report on Saturday, April 25th. TD Cowen reiterated a "buy" rating on shares of Flowserve in a report on Thursday, February 19th. Finally, The Goldman Sachs Group reiterated a "neutral" rating and set a $83.00 target price on shares of Flowserve in a report on Thursday. Seven investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Flowserve presently has an average rating of "Moderate Buy" and an average price target of $89.20.

Flowserve Price Performance

FLS stock opened at $73.68 on Friday. Flowserve Corporation has a 1 year low of $45.05 and a 1 year high of $92.41. The company has a market cap of $9.41 billion, a P/E ratio of 27.29, a PEG ratio of 1.88 and a beta of 1.33. The firm has a 50-day moving average of $79.96 and a 200 day moving average of $74.22. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.03 and a quick ratio of 1.50.

Flowserve (NYSE:FLS - Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.82 by $0.03. Flowserve had a net margin of 7.61% and a return on equity of 21.45%. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the prior year, the firm earned $0.72 earnings per share. Flowserve's revenue was down 6.7% on a year-over-year basis. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. On average, sell-side analysts forecast that Flowserve Corporation will post 4.09 EPS for the current year.

Flowserve Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Friday, March 27th were paid a $0.22 dividend. The ex-dividend date of this dividend was Friday, March 27th. 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%. Flowserve's payout ratio is currently 33.59%.

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.

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