BNB Wealth Management LLC Takes $468,000 Position in Flowserve Corporation $FLS

BNB Wealth Management LLC purchased a new stake in Flowserve Corporation (NYSE:FLS) in the fourth quarter, Holdings Channel reports. The institutional investor purchased 6,750 shares of the industrial products company’s stock, valued at approximately $468,000.

A number of other large investors also recently modified their holdings of the company. Atlantic Investment Management Inc. bought a new position in shares of Flowserve in the 4th quarter valued at $21,785,000. Guggenheim Capital LLC bought a new position in shares of Flowserve in the 4th quarter valued at $336,000. Caisse de depot et placement du Quebec bought a new position in shares of Flowserve in the 4th quarter valued at $764,000. Lazard Asset Management LLC lifted its stake in shares of Flowserve by 6.9% in the 4th quarter. Lazard Asset Management LLC now owns 17,632 shares of the industrial products company’s stock valued at $1,223,000 after acquiring an additional 1,136 shares during the last quarter. Finally, Hilltop Holdings Inc. lifted its stake in shares of Flowserve by 2.2% in the 4th quarter. Hilltop Holdings Inc. now owns 10,366 shares of the industrial products company’s stock valued at $719,000 after acquiring an additional 220 shares during the last quarter. 93.93% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Flowserve

In other Flowserve news, Director Brian D. Savoy acquired 1,000 shares of the stock in a transaction dated Thursday, May 14th. The stock was purchased at an average cost of $67.34 per share, with a total value of $67,340.00. Following the transaction, the director owned 1,000 shares in the company, valued at approximately $67,340. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.71% of the company’s stock.

Flowserve Stock Performance

FLS stock opened at $79.00 on Thursday. The stock has a 50-day moving average price of $76.09 and a 200-day moving average price of $76.63. Flowserve Corporation has a 1-year low of $45.11 and a 1-year high of $92.41. The company has a current ratio of 2.22, a quick ratio of 1.63 and a debt-to-equity ratio of 0.73. The firm has a market cap of $10.10 billion, a PE ratio of 29.26, a price-to-earnings-growth ratio of 1.81 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 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 firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same period last year, the company posted $0.72 EPS. The business’s quarterly revenue was down 6.7% on a year-over-year basis. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. As a group, equities research analysts expect that Flowserve Corporation will post 4.05 earnings per share for the current year.

Flowserve Announces Dividend

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

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. TD Cowen restated a “buy” rating on shares of Flowserve in a report on Friday, May 1st. Weiss Ratings downgraded Flowserve from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 15th. Wall Street Zen downgraded Flowserve from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Royal Bank Of Canada decreased their price objective on Flowserve from $98.00 to $91.00 and set an “outperform” rating for the company in a report on Friday, May 1st. Finally, Zacks Research downgraded Flowserve from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 15th. Eight equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $87.70.

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.