Daiwa Securities Group Inc. Makes New $12.94 Million Investment in Flowserve Corporation $FLS

Daiwa Securities Group Inc. bought a new position in shares of Flowserve Corporation (NYSE:FLS) in the fourth quarter, HoldingsChannel.com reports. The firm bought 186,553 shares of the industrial products company’s stock, valued at approximately $12,943,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its position in Flowserve by 3.9% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 4,181 shares of the industrial products company’s stock worth $222,000 after acquiring an additional 157 shares during the last quarter. Parallel Advisors LLC lifted its position in Flowserve by 20.1% during the 3rd quarter. Parallel Advisors LLC now owns 968 shares of the industrial products company’s stock worth $51,000 after acquiring an additional 162 shares during the last quarter. IFP Advisors Inc lifted its position in Flowserve by 24.4% during the 3rd quarter. IFP Advisors Inc now owns 830 shares of the industrial products company’s stock worth $46,000 after acquiring an additional 163 shares during the last quarter. Measured Wealth Private Client Group LLC lifted its position in Flowserve by 31.5% during the 4th quarter. Measured Wealth Private Client Group LLC now owns 880 shares of the industrial products company’s stock worth $61,000 after acquiring an additional 211 shares during the last quarter. Finally, Pallas Capital Advisors LLC lifted its position in Flowserve by 0.8% during the 4th quarter. Pallas Capital Advisors LLC now owns 25,939 shares of the industrial products company’s stock worth $1,800,000 after acquiring an additional 217 shares during the last quarter. Institutional investors and hedge funds own 93.93% of the company’s stock.

Analysts Set New Price Targets

FLS has been the subject of a number of research analyst reports. Robert W. Baird set a $98.00 target price on shares of Flowserve in a research report on Monday, February 9th. Wall Street Zen lowered shares of Flowserve from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Citigroup restated a “buy” rating on shares of Flowserve in a report on Thursday, April 30th. Royal Bank Of Canada dropped their price objective on shares of Flowserve from $98.00 to $91.00 and set an “outperform” rating on the stock in a report on Friday, May 1st. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $83.00 price objective on shares of Flowserve in a report on Thursday, April 30th. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Flowserve presently has an average rating of “Moderate Buy” and an average price target of $87.70.

Insiders Place Their Bets

In other Flowserve news, Director Brian D. Savoy bought 1,000 shares of the stock in a transaction that occurred on Thursday, May 14th. The shares were acquired at an average price of $67.34 per share, with a total value of $67,340.00. Following the completion of the purchase, the director directly owned 1,000 shares in the company, valued at $67,340. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.71% of the stock is currently owned by insiders.

Flowserve Stock Performance

NYSE:FLS opened at $73.41 on Friday. The firm’s 50-day moving average is $75.50 and its 200-day moving average is $76.05. Flowserve Corporation has a 52-week low of $45.11 and a 52-week high of $92.41. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.63 and a current ratio of 2.22. The company has a market cap of $9.38 billion, a price-to-earnings ratio of 27.19, a PEG ratio of 1.65 and a beta of 1.22.

Flowserve (NYSE:FLS) last posted its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.03. Flowserve had a net margin of 7.61% and a return on equity of 21.46%. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the previous year, the firm posted $0.72 EPS. The business’s revenue was down 6.7% 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 4.05 earnings per share for the current year.

Flowserve Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Friday, June 26th. This represents a $0.88 dividend on an annualized basis and a yield of 1.2%. Flowserve’s payout ratio is presently 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.