Flowserve Corporation $FLS Shares Bought by Earnest Partners LLC

Earnest Partners LLC raised its holdings in Flowserve Corporation (NYSE:FLS) by 5.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,885,879 shares of the industrial products company’s stock after purchasing an additional 136,867 shares during the quarter. Earnest Partners LLC’s holdings in Flowserve were worth $153,356,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. BOKF NA purchased a new position in shares of Flowserve during the 3rd quarter worth $28,000. Bruce G. Allen Investments LLC purchased a new stake in Flowserve in the 3rd quarter valued at about $40,000. Parallel Advisors LLC lifted its position in Flowserve by 20.1% in the third quarter. Parallel Advisors LLC now owns 968 shares of the industrial products company’s stock valued at $51,000 after buying an additional 162 shares during the last quarter. Toth Financial Advisory Corp purchased a new position in Flowserve during the third quarter worth about $53,000. Finally, CENTRAL TRUST Co acquired a new stake in shares of Flowserve during the third quarter valued at about $61,000. Institutional investors and hedge funds own 93.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on FLS shares. TD Cowen reissued a “buy” rating on shares of Flowserve in a research note on Thursday, February 19th. Wall Street Zen downgraded shares of Flowserve from a “strong-buy” rating to a “buy” rating in a report on Sunday. Mizuho boosted their target price on Flowserve from $74.00 to $91.00 and gave the company an “outperform” rating in a research report on Monday, February 9th. Stifel Nicolaus upped their price target on Flowserve from $87.00 to $97.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $88.00 price target on shares of Flowserve in a research report on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have assigned 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 $88.80.

Flowserve Stock Down 1.9%

Shares of FLS opened at $74.22 on Friday. The company’s 50-day simple moving average is $80.89 and its 200-day simple moving average is $68.67. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.50 and a current ratio of 2.03. Flowserve Corporation has a 1 year low of $37.34 and a 1 year high of $92.41. The stock has a market capitalization of $9.45 billion, a PE ratio of 28.33, a P/E/G ratio of 1.65 and a beta of 1.27.

Flowserve (NYSE:FLS) last announced its quarterly earnings data on Thursday, February 5th. The industrial products company reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.17. Flowserve had a net margin of 7.32% and a return on equity of 21.19%. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.26 billion. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.70 earnings per share. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. Analysts forecast that Flowserve Corporation will post 3.18 earnings per share for the current fiscal year.

Flowserve Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Friday, March 27th will be paid a $0.22 dividend. The ex-dividend date is Friday, March 27th. This is an increase from Flowserve’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a dividend yield of 1.2%. Flowserve’s payout ratio is 32.06%.

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.