19,478 Shares in Flowserve Corporation $FLS Purchased by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC purchased a new stake in Flowserve Corporation (NYSE:FLS) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 19,478 shares of the industrial products company’s stock, valued at approximately $1,444,000.

Other hedge funds have also recently bought and sold shares of the company. BOKF NA acquired a new position in shares of Flowserve in the 3rd quarter valued at approximately $28,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Flowserve during the 2nd quarter valued at approximately $34,000. Atlas Capital Advisors Inc. acquired a new stake in shares of Flowserve during the fourth quarter worth approximately $36,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Flowserve during the third quarter worth approximately $36,000. Finally, Global Retirement Partners LLC bought a new stake in shares of Flowserve in the second quarter worth $38,000. Institutional investors and hedge funds own 93.93% of the company’s stock.

Flowserve Stock Performance

FLS stock opened at $81.09 on Tuesday. The stock’s 50 day simple moving average is $74.95 and its 200 day simple moving average is $77.14. Flowserve Corporation has a 12-month low of $48.71 and a 12-month high of $92.41. The firm has a market cap of $10.31 billion, a P/E ratio of 28.45, a P/E/G ratio of 1.80 and a beta of 1.23. The company has a current ratio of 2.15, a quick ratio of 1.58 and a debt-to-equity ratio of 0.91.

Flowserve (NYSE:FLS) last released its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $0.95 EPS for the quarter, topping 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 firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the previous year, the company posted $0.91 earnings per share. The firm’s revenue was down 1.6% on a year-over-year basis. Flowserve has set its FY 2026 guidance at 4.050-4.200 EPS. As a group, equities research analysts predict that Flowserve Corporation will post 4.1 EPS for the current year.

Wall Street Analyst Weigh In

FLS has been the topic of several recent analyst reports. Weiss Ratings raised shares of Flowserve from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. TD Cowen lowered shares of Flowserve from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $85.00 to $70.00 in a report on Wednesday, June 24th. Robert W. Baird set a $93.00 target price on shares of Flowserve in a research report on Friday, July 31st. Citigroup restated a “buy” rating on shares of Flowserve in a research note on Thursday, April 30th. Finally, Royal Bank Of Canada increased their price target on shares of Flowserve from $91.00 to $94.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Seven analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Flowserve has an average rating of “Moderate Buy” and an average price target of $86.60.

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.