J.Safra Asset Management Corp Takes Position in Flowserve Corporation $FLS

J.Safra Asset Management Corp bought a new position in shares of Flowserve Corporation (NYSE:FLS) in the second quarter, HoldingsChannel reports. The institutional investor bought 8,696 shares of the industrial products company’s stock, valued at approximately $645,000.

Several other hedge funds and other institutional investors have also modified their holdings of FLS. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Flowserve by 1,300.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 203,715 shares of the industrial products company’s stock valued at $14,967,000 after buying an additional 189,165 shares during the period. William Blair Investment Management LLC increased its stake in Flowserve by 142.4% during the 4th quarter. William Blair Investment Management LLC now owns 1,048,137 shares of the industrial products company’s stock worth $72,720,000 after acquiring an additional 615,769 shares during the period. Hillsdale Investment Management Inc. increased its stake in Flowserve by 27.8% during the 4th quarter. Hillsdale Investment Management Inc. now owns 72,950 shares of the industrial products company’s stock worth $5,061,000 after acquiring an additional 15,850 shares during the period. Horizon Investments LLC acquired a new position in Flowserve in the 4th quarter valued at $4,826,000. Finally, Vest Financial LLC bought a new stake in shares of Flowserve during the 4th quarter valued at $1,501,000. Institutional investors own 93.93% of the company’s stock.

Flowserve Stock Performance

Shares of FLS opened at $80.92 on Monday. The firm has a market capitalization of $10.29 billion, a P/E ratio of 28.39, a P/E/G ratio of 1.80 and a beta of 1.23. Flowserve Corporation has a 52 week low of $48.71 and a 52 week high of $92.41. The stock has a 50 day moving average price of $74.82 and a two-hundred day moving average price of $77.12. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.58 and a current ratio of 2.15.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Robert W. Baird set a $93.00 target price on shares of Flowserve in a research report on Friday, July 31st. Citigroup reaffirmed a “buy” rating on shares of Flowserve in a research note on Thursday, April 30th. Wall Street Zen lowered Flowserve from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. TD Cowen cut Flowserve from a “buy” rating to a “hold” rating and reduced their target price for the company from $85.00 to $70.00 in a report on Wednesday, June 24th. Finally, Stifel Nicolaus upped their target price on Flowserve from $92.00 to $94.00 and gave the company a “buy” rating in a report on Friday, July 31st. Seven analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $86.60.

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.