10,610 Shares in Flowserve Corporation $FLS Acquired by Castle Rock Wealth Management LLC

Castle Rock Wealth Management LLC acquired a new position in Flowserve Corporation (NYSE:FLS) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 10,610 shares of the industrial products company’s stock, valued at approximately $736,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BOKF NA purchased a new position in shares of Flowserve in the third quarter worth approximately $28,000. Measured Wealth Private Client Group LLC purchased a new position in Flowserve during the third quarter valued at approximately $36,000. Bruce G. Allen Investments LLC purchased a new position in Flowserve during the third quarter valued at approximately $40,000. IFP Advisors Inc lifted its holdings in Flowserve by 24.4% during the third quarter. IFP Advisors Inc now owns 830 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 163 shares in the last quarter. Finally, Parallel Advisors LLC lifted its holdings in Flowserve by 20.1% during the third quarter. Parallel Advisors LLC now owns 968 shares of the industrial products company’s stock valued at $51,000 after purchasing an additional 162 shares in the last quarter. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Wall Street Analysts Forecast Growth

FLS has been the topic of several analyst reports. Stifel Nicolaus set a $92.00 price target on shares of Flowserve in a report on Friday, May 1st. Wall Street Zen downgraded shares of Flowserve from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Citigroup reaffirmed a “buy” rating on shares of Flowserve in a report on Thursday, April 30th. TD Cowen reaffirmed a “buy” rating on shares of Flowserve in a report on Friday, May 1st. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $83.00 price target on shares of Flowserve in a report on Thursday, April 30th. 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 currently has a consensus rating of “Moderate Buy” and a consensus price target of $87.70.

Flowserve Trading Down 4.3%

Flowserve stock opened at $66.42 on Thursday. The stock has a market cap of $8.49 billion, a P/E ratio of 24.60, a PEG ratio of 1.56 and a beta of 1.24. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.22 and a quick ratio of 1.63. Flowserve Corporation has a 1 year low of $45.11 and a 1 year high of $92.41. The firm’s 50 day moving average price is $77.32 and its 200-day moving average price is $75.49.

Flowserve (NYSE:FLS) last released its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.03. The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Flowserve had a net margin of 7.61% and a return on equity of 21.46%. The company’s revenue for the quarter was down 6.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.72 earnings per share. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. On average, equities analysts predict that Flowserve Corporation will post 4.05 earnings per share for the current fiscal year.

Flowserve Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Friday, March 27th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.3%. This is a boost from Flowserve’s previous quarterly dividend of $0.21. The ex-dividend date was Friday, March 27th. Flowserve’s dividend payout ratio (DPR) is currently 32.59%.

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.