John G Ullman & Associates Inc. Decreases Position in Flowserve Corporation $FLS

John G Ullman & Associates Inc. trimmed its position in Flowserve Corporation (NYSE:FLS) by 9.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 124,825 shares of the industrial products company’s stock after selling 13,475 shares during the period. Flowserve comprises about 1.2% of John G Ullman & Associates Inc.’s portfolio, making the stock its 25th largest holding. John G Ullman & Associates Inc. owned approximately 0.10% of Flowserve worth $9,176,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in FLS. Comprehensive Money Management Services LLC lifted its position in shares of 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 acquiring an additional 125 shares in the last quarter. BTC Capital Management Inc. increased its position in shares of Flowserve by 2.5% during the first quarter. BTC Capital Management Inc. now owns 6,531 shares of the industrial products company’s stock worth $480,000 after purchasing an additional 162 shares in the last quarter. Parallel Advisors LLC raised its stake 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. IFP Advisors Inc raised its stake 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. Finally, Inspire Advisors LLC lifted its holdings in Flowserve by 3.7% in the 4th quarter. Inspire Advisors LLC now owns 4,667 shares of the industrial products company’s stock valued at $324,000 after purchasing an additional 165 shares in the last quarter. Institutional investors and hedge funds own 93.93% of the company’s stock.

Flowserve Trading Down 1.3%

Shares of FLS stock opened at $68.43 on Friday. The company has a current ratio of 2.22, a quick ratio of 1.63 and a debt-to-equity ratio of 0.73. Flowserve Corporation has a twelve month low of $48.71 and a twelve month high of $92.41. The company’s 50-day moving average price is $72.98 and its 200-day moving average price is $76.89. The stock has a market cap of $8.75 billion, a price-to-earnings ratio of 25.35, a PEG ratio of 1.56 and a beta of 1.23.

Flowserve (NYSE:FLS) last issued its earnings results on Wednesday, April 29th. The industrial products company reported $0.85 EPS for the quarter, topping 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 company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the previous year, the firm earned $0.72 earnings per share. Flowserve’s quarterly 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. As a group, equities analysts predict that Flowserve Corporation will post 4.05 earnings per share for the current year.

Flowserve Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Friday, June 26th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, June 26th. Flowserve’s dividend payout ratio is 32.59%.

Analyst Ratings Changes

FLS has been the topic of several recent research reports. Wall Street Zen cut shares of Flowserve from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Citigroup reiterated a “buy” rating on shares of Flowserve in a research report on Thursday, April 30th. Weiss Ratings downgraded shares of Flowserve from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, May 15th. TD Cowen lowered shares of Flowserve from a “buy” rating to a “hold” rating and lowered their price target for the stock from $85.00 to $70.00 in a research report on Wednesday, June 24th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $83.00 price objective on shares of Flowserve in a research note on Thursday, April 30th. Seven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Flowserve currently has a consensus rating of “Moderate Buy” and an average target price of $86.70.

Insider Activity at Flowserve

In other Flowserve news, Director Brian D. Savoy purchased 1,000 shares of the stock in a transaction dated Thursday, May 14th. The stock was 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 in the company, valued at $67,340. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.71% of the stock is currently 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.