Cookson Peirce & Co. Inc. Increases Stake in Flowserve Corporation $FLS

Cookson Peirce & Co. Inc. grew its position in Flowserve Corporation (NYSE:FLS) by 1,037.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 166,736 shares of the industrial products company’s stock after acquiring an additional 152,073 shares during the quarter. Cookson Peirce & Co. Inc.’s holdings in Flowserve were worth $11,568,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. increased its stake in Flowserve by 1,300.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 203,715 shares of the industrial products company’s stock worth $14,967,000 after buying an additional 189,165 shares during the period. Hillsdale Investment Management Inc. purchased a new position in Flowserve in the 3rd quarter worth about $3,034,000. Dynamic Technology Lab Private Ltd purchased a new position in Flowserve in the 3rd quarter worth about $2,343,000. Exchange Traded Concepts LLC increased its stake in Flowserve by 19.2% in the 4th quarter. Exchange Traded Concepts LLC now owns 128,436 shares of the industrial products company’s stock worth $8,911,000 after buying an additional 20,725 shares during the period. Finally, Fox Run Management L.L.C. bought a new position in Flowserve during the 3rd quarter worth about $1,803,000. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Analysts Set New Price Targets

FLS has been the topic of several recent research reports. The Goldman Sachs Group reiterated a “neutral” rating and set a $83.00 target price on shares of Flowserve in a report on Thursday, April 30th. Jefferies Financial Group reiterated a “buy” rating and set a $90.00 target price (down from $100.00) on shares of Flowserve in a report on Tuesday, March 31st. Royal Bank Of Canada dropped their target price 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. Robert W. Baird set a $98.00 target price on shares of Flowserve in a report on Monday, February 9th. Finally, Wall Street Zen cut shares of Flowserve from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $87.70.

Flowserve Stock Down 2.7%

NYSE:FLS opened at $73.41 on Friday. Flowserve Corporation has a fifty-two week low of $45.11 and a fifty-two week high of $92.41. The stock has a market capitalization of $9.38 billion, a P/E ratio of 27.19, a P/E/G ratio of 1.65 and a beta of 1.22. 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’s 50-day simple moving average is $75.50 and its 200-day simple moving average is $76.05.

Flowserve (NYSE:FLS) last released its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.03. Flowserve had a net margin of 7.61% and a return on equity of 21.46%. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same period last year, the business earned $0.72 EPS. The company’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. On average, equities analysts anticipate that Flowserve Corporation will post 4.05 earnings per share for the current fiscal year.

Flowserve Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Friday, June 26th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, June 26th. Flowserve’s dividend payout ratio (DPR) is currently 32.59%.

Insider Buying and Selling at Flowserve

In other news, Director Brian D. Savoy purchased 1,000 shares of the stock in a transaction dated Thursday, May 14th. The shares were acquired at an average cost of $67.34 per share, for a total transaction of $67,340.00. Following the acquisition, the director owned 1,000 shares of the company’s stock, valued at approximately $67,340. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.71% of the company’s stock.

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.