Entropy Technologies LP Increases Stake in Flowserve Corporation $FLS

Entropy Technologies LP increased its stake in Flowserve Corporation (NYSE:FLS) by 271.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 30,299 shares of the industrial products company’s stock after acquiring an additional 22,150 shares during the period. Entropy Technologies LP’s holdings in Flowserve were worth $2,102,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of FLS. BOKF NA purchased a new position in shares of Flowserve during the 3rd quarter worth approximately $28,000. Atlas Capital Advisors Inc. bought a new position in shares of Flowserve in the 4th quarter worth approximately $36,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Flowserve in the 3rd quarter valued at approximately $36,000. IFP Advisors Inc boosted its position in shares of Flowserve by 24.4% during the third quarter. IFP Advisors Inc now owns 830 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 163 shares in the last quarter. Finally, Parallel Advisors LLC boosted its position in shares of Flowserve by 20.1% during the third quarter. Parallel Advisors LLC now owns 968 shares of the industrial products company’s stock valued at $51,000 after purchasing an additional 162 shares in the last quarter. 93.93% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on FLS. The Goldman Sachs Group reiterated a “neutral” rating and issued a $83.00 price objective on shares of Flowserve in a report on Thursday, April 30th. Stifel Nicolaus set a $92.00 target price on shares of Flowserve in a report on Friday, May 1st. Wall Street Zen lowered shares of Flowserve from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Weiss Ratings cut shares of Flowserve from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, May 15th. Finally, TD Cowen reissued a “buy” rating on shares of Flowserve in a research note on Friday, May 1st. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $87.70.

Flowserve Trading Up 2.1%

Shares of NYSE:FLS opened at $79.75 on Tuesday. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.22 and a quick ratio of 1.63. Flowserve Corporation has a 1 year low of $45.11 and a 1 year high of $92.41. The company has a market cap of $10.19 billion, a P/E ratio of 29.54, a PEG ratio of 1.76 and a beta of 1.23. The stock’s fifty day moving average price is $75.93 and its 200-day moving average price is $76.50.

Flowserve (NYSE:FLS) last released its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.82 by $0.03. Flowserve had a return on equity of 21.46% and a net margin of 7.61%.The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period last year, the company earned $0.72 EPS. Flowserve’s revenue for the quarter was down 6.7% on a year-over-year basis. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. Sell-side analysts expect that Flowserve Corporation will post 4.05 earnings per share for the current year.

Flowserve Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Friday, June 26th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, June 26th. Flowserve’s payout ratio is presently 32.59%.

Insider Buying and Selling at Flowserve

In related news, Director Brian D. Savoy acquired 1,000 shares of the stock in a transaction that occurred on Thursday, May 14th. The shares were bought at an average price of $67.34 per share, for a total transaction of $67,340.00. Following the completion of the transaction, the director directly owned 1,000 shares in the company, valued at approximately $67,340. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.71% of the stock is owned by insiders.

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.