Quantbot Technologies LP Buys Shares of 9,053 Flowserve Corporation $FLS

Quantbot Technologies LP bought a new stake in shares of Flowserve Corporation (NYSE:FLS) in the second quarter, Holdings Channel reports. The fund bought 9,053 shares of the industrial products company’s stock, valued at approximately $671,000.

A number of other hedge funds also recently modified their holdings of the stock. Comprehensive Money Management Services LLC lifted its stake in Flowserve by 1.5% in the first quarter. Comprehensive Money Management Services LLC now owns 8,509 shares of the industrial products company’s stock valued at $625,000 after purchasing an additional 125 shares during the last quarter. BTC Capital Management Inc. increased its position in Flowserve by 2.5% in the first quarter. BTC Capital Management Inc. now owns 6,531 shares of the industrial products company’s stock worth $480,000 after buying an additional 162 shares during the last quarter. Parallel Advisors LLC raised its stake in shares of 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 period. IFP Advisors Inc raised its stake in shares of Flowserve by 24.4% in the third quarter. IFP Advisors Inc now owns 830 shares of the industrial products company’s stock valued at $46,000 after buying an additional 163 shares during the period. Finally, Inspire Advisors LLC lifted its position in shares of Flowserve by 3.7% during the 4th quarter. Inspire Advisors LLC now owns 4,667 shares of the industrial products company’s stock valued at $324,000 after buying an additional 165 shares during the last quarter. Institutional investors own 93.93% of the company’s stock.

Flowserve Price Performance

FLS stock opened at $82.03 on Friday. The firm has a 50 day moving average of $75.23 and a 200-day moving average of $77.17. The firm has a market capitalization of $10.43 billion, a P/E ratio of 28.78, a price-to-earnings-growth ratio of 1.84 and a beta of 1.23. Flowserve Corporation has a 12 month low of $48.71 and a 12 month high of $92.41. The company has a current ratio of 2.15, a quick ratio of 1.58 and a debt-to-equity ratio of 0.91.

Flowserve (NYSE:FLS) last released its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.09. The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Flowserve had a net margin of 8.01% and a return on equity of 21.42%. The business’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.91 earnings per share. Flowserve has set its FY 2026 guidance at 4.050-4.200 EPS. As a group, sell-side analysts predict that Flowserve Corporation will post 4.1 earnings per share for the current fiscal year.

Flowserve Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Friday, September 25th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Friday, September 25th. Flowserve’s payout ratio is presently 30.88%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Citigroup reiterated a “buy” rating on shares of Flowserve in a research note on Thursday, April 30th. The Goldman Sachs Group set a $82.00 price objective on shares of Flowserve in a report on Thursday, July 30th. TD Cowen lowered shares of Flowserve from a “buy” rating to a “hold” rating and cut their target price for the stock from $85.00 to $70.00 in a research report on Wednesday, June 24th. Robert W. Baird set a $93.00 target price on shares of Flowserve in a research note on Friday, July 31st. Finally, Weiss Ratings lowered shares of Flowserve from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday. Six research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Flowserve currently has an average rating of “Moderate Buy” and an average target price of $86.60.

About Flowserve

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.