William Blair Investment Management LLC Takes $84.87 Million Position in Flowserve Corporation $FLS

Key Points

• William Blair Investment Management acquired 1.14 million Flowserve shares worth approximately $84.9 million, representing a 0.90% stake. Institutional investors and hedge funds collectively own 93.93% of the company.
• Flowserve exceeded quarterly expectations with EPS of $0.95 versus $0.86 forecast and revenue of $1.17 billion versus $1.16 billion expected, although revenue declined 1.6% year over year.
• Analyst sentiment remains positive overall, with a “Moderate Buy” consensus and an average price target of $86.60; however, some firms recently downgraded the stock or reduced their targets.

William Blair Investment Management LLC bought a new position in shares of Flowserve Corporation (NYSE:FLS - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 1,144,401 shares of the industrial products company's stock, valued at approximately $84,869,000. William Blair Investment Management LLC owned 0.90% of Flowserve at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. BOKF NA bought a new stake in Flowserve in the 3rd quarter valued at $28,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Flowserve during the second quarter worth $34,000. Atlas Capital Advisors Inc. acquired a new position in shares of Flowserve in the fourth quarter valued at $36,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Flowserve in the third quarter valued at $36,000. Finally, Global Retirement Partners LLC acquired a new position in shares of Flowserve in the second quarter valued at $38,000. 93.93% of the stock is owned by institutional investors and hedge funds.

Flowserve News Roundup

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

Analysts Set New Price Targets

A number of research firms have recently issued reports on FLS. Wall Street Zen cut shares of Flowserve from a "buy" rating to a "hold" rating in a research note on Saturday, April 25th. Citigroup reiterated a "buy" rating on shares of Flowserve in a research note on Thursday, April 30th. The Goldman Sachs Group set a $82.00 price target on shares of Flowserve in a report on Thursday, July 30th. TD Cowen downgraded shares of Flowserve from a "buy" rating to a "hold" rating and cut their price objective for the stock from $85.00 to $70.00 in a research report on Wednesday, June 24th. Finally, Weiss Ratings upgraded Flowserve from a "hold (c+)" rating to a "buy (b-)" rating in a report on Tuesday, August 11th. Seven investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $86.60.

Flowserve Stock Up 1.6%

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

Flowserve (NYSE:FLS - Get Free Report) last announced 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. Flowserve had a net margin of 8.01% and a return on equity of 21.42%. The company had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.16 billion. During the same quarter in the previous year, the business posted $0.91 earnings per share. Flowserve's quarterly revenue was down 1.6% on a year-over-year basis. Flowserve has set its FY 2026 guidance at 4.050-4.200 EPS. On average, equities analysts anticipate that Flowserve Corporation will post 4.1 earnings per share for the current year.

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.

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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