Flowserve Corporation $FLS Shares Sold by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. lessened its stake in Flowserve Corporation (NYSE:FLS) by 1.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 650,815 shares of the industrial products company’s stock after selling 11,870 shares during the period. Vaughan Nelson Investment Management L.P. owned 0.51% of Flowserve worth $45,154,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. BOKF NA bought a new position in shares of Flowserve in the third quarter valued at approximately $28,000. Measured Wealth Private Client Group LLC bought a new stake in Flowserve during the third quarter worth approximately $36,000. Bruce G. Allen Investments LLC acquired a new stake in Flowserve in the third quarter worth approximately $40,000. IFP Advisors Inc boosted its stake in Flowserve by 24.4% during the 3rd 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 stake in Flowserve by 20.1% during the 3rd 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 institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on FLS. Mizuho upped their price objective on Flowserve from $74.00 to $91.00 and gave the company an “outperform” rating in a report on Monday, February 9th. Jefferies Financial Group boosted their price target on shares of Flowserve from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Wednesday, December 10th. Robert W. Baird set a $98.00 price objective on shares of Flowserve in a research report on Monday, February 9th. Stifel Nicolaus lifted their price objective on shares of Flowserve from $87.00 to $97.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $88.00 target price on shares of Flowserve in a report on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $88.80.

Flowserve Price Performance

FLS stock opened at $69.14 on Tuesday. Flowserve Corporation has a one year low of $37.34 and a one year high of $92.41. The firm has a 50-day moving average of $80.73 and a two-hundred day moving average of $70.22. The firm has a market capitalization of $8.80 billion, a PE ratio of 26.39, a P/E/G ratio of 1.60 and a beta of 1.26. The company has a current ratio of 2.03, a quick ratio of 1.50 and a debt-to-equity ratio of 0.68.

Flowserve (NYSE:FLS) last released its quarterly earnings results on Thursday, February 5th. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.17. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.26 billion. Flowserve had a net margin of 7.32% and a return on equity of 21.19%. The firm’s revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.70 earnings per share. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. On average, analysts forecast that Flowserve Corporation will post 3.18 earnings per share for the current year.

Flowserve Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Friday, March 27th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.3%. This is a boost from Flowserve’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Friday, March 27th. Flowserve’s payout ratio is 33.59%.

Flowserve 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.