Flowserve Corporation $FLS Stock Position Increased by Mandatum Life Insurance Co Ltd

Mandatum Life Insurance Co Ltd boosted its position in Flowserve Corporation (NYSE:FLS) by 20.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 60,000 shares of the industrial products company’s stock after purchasing an additional 10,000 shares during the quarter. Flowserve comprises 1.0% of Mandatum Life Insurance Co Ltd’s holdings, making the stock its 26th biggest position. Mandatum Life Insurance Co Ltd’s holdings in Flowserve were worth $4,163,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of FLS. BOKF NA bought a new stake in Flowserve in the 3rd quarter valued at about $28,000. Measured Wealth Private Client Group LLC bought a new stake in Flowserve in the 3rd quarter valued at about $36,000. IFP Advisors Inc lifted its position in Flowserve by 24.4% in 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 during the last quarter. Parallel Advisors LLC lifted its position in Flowserve by 20.1% in 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 during the last quarter. Finally, CENTRAL TRUST Co bought a new stake in Flowserve in the 3rd quarter valued at about $61,000. 93.93% of the stock is currently owned by institutional investors.

Flowserve Stock Performance

Shares of FLS opened at $73.41 on Friday. The firm’s 50 day moving average is $75.50 and its 200-day moving average is $76.05. The stock has a market capitalization of $9.38 billion, a P/E ratio of 27.19, a P/E/G ratio of 1.70 and a beta of 1.22. 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 12-month low of $45.11 and a 12-month high of $92.41.

Flowserve (NYSE:FLS) last announced its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.03. Flowserve had a net margin of 7.61% and a return on equity of 21.46%. The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter in the previous year, the company posted $0.72 EPS. The business’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. Equities research analysts anticipate that Flowserve Corporation will post 4.05 EPS for the current fiscal year.

Flowserve Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Friday, June 26th. This represents a $0.88 dividend on an annualized basis and a yield of 1.2%. Flowserve’s payout ratio is presently 32.59%.

Analyst Upgrades and Downgrades

FLS has been the topic of several recent research reports. The Goldman Sachs Group reiterated a “neutral” rating and issued a $83.00 price objective on shares of Flowserve in a research report on Thursday, April 30th. Wall Street Zen downgraded shares of Flowserve from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Jefferies Financial Group restated a “buy” rating and set a $90.00 price target (down from $100.00) on shares of Flowserve in a research report on Tuesday, March 31st. Zacks Research downgraded shares of Flowserve from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 15th. Finally, Robert W. Baird set a $98.00 price target on shares of Flowserve in a research report on Monday, February 9th. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $87.70.

Insider Transactions at Flowserve

In other Flowserve news, Director Brian D. Savoy bought 1,000 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was bought at an average cost of $67.34 per share, with a total value of $67,340.00. Following the completion of the transaction, the director directly owned 1,000 shares of the company’s stock, valued at approximately $67,340. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.71% of the stock is owned by company insiders.

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.