Flowserve Corporation $FLS Shares Sold by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL lowered its stake in shares of Flowserve Corporation (NYSE:FLS) by 0.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,342,699 shares of the industrial products company’s stock after selling 8,873 shares during the period. Flowserve makes up approximately 0.7% of Gamco Investors INC. ET AL’s portfolio, making the stock its 24th biggest holding. Gamco Investors INC. ET AL owned approximately 1.06% of Flowserve worth $71,351,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. EverSource Wealth Advisors LLC grew its position in Flowserve by 3.9% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 4,181 shares of the industrial products company’s stock worth $222,000 after purchasing an additional 157 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al increased its stake in shares of Flowserve by 0.5% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 44,128 shares of the industrial products company’s stock valued at $2,345,000 after purchasing an additional 200 shares during the period. KLP Kapitalforvaltning AS raised its holdings in shares of Flowserve by 0.7% during the third quarter. KLP Kapitalforvaltning AS now owns 27,300 shares of the industrial products company’s stock valued at $1,456,000 after buying an additional 200 shares during the last quarter. Arizona State Retirement System raised its holdings in shares of Flowserve by 0.7% during the third quarter. Arizona State Retirement System now owns 38,689 shares of the industrial products company’s stock valued at $2,056,000 after buying an additional 263 shares during the last quarter. Finally, MJP Associates Inc. ADV boosted its position in shares of Flowserve by 6.2% during the second quarter. MJP Associates Inc. ADV now owns 4,580 shares of the industrial products company’s stock worth $240,000 after buying an additional 266 shares during the period. Institutional investors and hedge funds own 93.93% of the company’s stock.

Flowserve Price Performance

Shares of NYSE:FLS opened at $76.21 on Friday. Flowserve Corporation has a 12 month low of $37.34 and a 12 month high of $92.41. The stock has a market cap of $9.70 billion, a price-to-earnings ratio of 29.09, a PEG ratio of 1.80 and a beta of 1.27. The stock’s 50 day moving average price is $80.21 and its 200 day moving average price is $67.73. 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) last released its earnings results on Thursday, February 5th. The industrial products company reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.17. Flowserve had a return on equity of 21.19% and a net margin of 7.32%.The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the prior year, the firm posted $0.70 earnings per share. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. Equities research analysts anticipate that Flowserve Corporation will post 3.18 earnings per share for the current fiscal year.

Flowserve Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Friday, March 27th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is 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 dividend payout ratio is presently 32.06%.

Analyst Ratings Changes

Several analysts recently commented on the company. Bank of America restated a “neutral” rating and issued a $73.00 target price (up from $60.00) on shares of Flowserve in a research report on Friday, November 14th. Jefferies Financial Group boosted their price target on Flowserve from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Wednesday, December 10th. Royal Bank Of Canada increased their price target on Flowserve from $83.00 to $96.00 and gave the stock an “outperform” rating in a research note on Monday, February 9th. Zacks Research raised Flowserve from a “hold” rating to a “strong-buy” rating in a report on Monday, March 2nd. Finally, Weiss Ratings cut shares of Flowserve from a “buy (b-)” rating to a “hold (c)” rating in a research note on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $88.80.

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.