92,470 Shares in Flowserve Corporation $FLS Bought by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company purchased a new position in Flowserve Corporation (NYSE:FLS) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 92,470 shares of the industrial products company’s stock, valued at approximately $6,858,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. grew its holdings in Flowserve by 1,300.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 203,715 shares of the industrial products company’s stock valued at $14,967,000 after buying an additional 189,165 shares in the last quarter. William Blair Investment Management LLC lifted its holdings in shares of Flowserve by 142.4% in the fourth quarter. William Blair Investment Management LLC now owns 1,048,137 shares of the industrial products company’s stock worth $72,720,000 after buying an additional 615,769 shares in the last quarter. Hillsdale Investment Management Inc. boosted its position in shares of Flowserve by 27.8% during the fourth quarter. Hillsdale Investment Management Inc. now owns 72,950 shares of the industrial products company’s stock worth $5,061,000 after acquiring an additional 15,850 shares during the last quarter. Horizon Investments LLC purchased a new position in Flowserve during the fourth quarter valued at $4,826,000. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Flowserve during the fourth quarter valued at $5,019,000. 93.93% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on FLS shares. Royal Bank Of Canada boosted their price target on shares of Flowserve from $91.00 to $94.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Robert W. Baird set a $93.00 price objective on Flowserve in a research report on Friday, July 31st. Weiss Ratings cut Flowserve from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, August 25th. The Goldman Sachs Group set a $82.00 target price on Flowserve in a research report on Thursday, July 30th. Finally, Stifel Nicolaus increased their price target on Flowserve from $92.00 to $94.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Six investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Flowserve presently has a consensus rating of “Moderate Buy” and an average target price of $86.60.

Flowserve Stock Performance

Shares of NYSE:FLS opened at $80.49 on Monday. Flowserve Corporation has a 52 week low of $48.71 and a 52 week high of $92.41. The stock has a market capitalization of $10.23 billion, a P/E ratio of 28.24, a PEG ratio of 1.79 and a beta of 1.23. The firm has a fifty day simple moving average of $75.20 and a two-hundred day simple moving average of $77.13. The company has a quick ratio of 1.58, a current ratio of 2.15 and a debt-to-equity ratio of 0.91.

Flowserve (NYSE:FLS) last announced its earnings results on Wednesday, July 29th. The industrial products company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $1.16 billion. During the same period in the prior year, the company earned $0.91 EPS. The business’s revenue was down 1.6% compared to the same quarter last year. Flowserve has set its FY 2026 guidance at 4.050-4.200 EPS. On average, analysts expect that Flowserve Corporation will post 4.1 earnings per share for the current fiscal year.

Flowserve Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Friday, September 25th will be given a dividend of $0.22 per share. The ex-dividend date is Friday, September 25th. This represents a $0.88 dividend on an annualized basis and a yield of 1.1%. Flowserve’s dividend payout ratio is 30.88%.

Flowserve 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.