Public Employees Retirement System of Ohio Purchases Shares of 41,036 Flowserve Corporation $FLS

Public Employees Retirement System of Ohio purchased a new position in Flowserve Corporation (NYSE:FLS) in the second quarter, Holdings Channel.com reports. The fund purchased 41,036 shares of the industrial products company’s stock, valued at approximately $3,043,000.

Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of Flowserve during the 2nd quarter valued at about $999,631,000. UBS Group AG raised its stake in Flowserve by 67.8% in the third quarter. UBS Group AG now owns 4,146,917 shares of the industrial products company’s stock worth $220,367,000 after buying an additional 1,676,284 shares in the last quarter. AQR Capital Management LLC raised its stake in Flowserve by 9.9% in the third quarter. AQR Capital Management LLC now owns 3,230,118 shares of the industrial products company’s stock worth $171,648,000 after buying an additional 290,226 shares in the last quarter. Nuveen LLC lifted its holdings in Flowserve by 6.1% in the fourth quarter. Nuveen LLC now owns 2,777,288 shares of the industrial products company’s stock worth $192,688,000 after buying an additional 158,661 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in Flowserve by 12.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,745,206 shares of the industrial products company’s stock valued at $190,468,000 after acquiring an additional 299,346 shares in the last quarter. Institutional investors own 93.93% of the company’s stock.

Flowserve Trading Down 0.6%

Flowserve stock opened at $76.74 on Friday. Flowserve Corporation has a one year low of $48.71 and a one year high of $92.41. The business’s fifty day moving average is $75.31 and its 200 day moving average is $76.85. The stock has a market capitalization of $9.75 billion, a PE ratio of 26.93, a price-to-earnings-growth ratio of 1.71 and a beta of 1.25. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.15 and a quick ratio of 1.58.

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

Flowserve Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Friday, September 25th will be paid a dividend of $0.22 per share. The ex-dividend date is Friday, September 25th. This represents a $0.88 dividend on an annualized basis and a yield of 1.1%. Flowserve’s payout ratio is currently 30.88%.

Analyst Ratings Changes

Several research firms recently weighed in on FLS. Stifel Nicolaus lifted their price target on Flowserve from $92.00 to $94.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Robert W. Baird set a $93.00 target price on shares of Flowserve in a research report on Friday, July 31st. Weiss Ratings lowered shares of Flowserve from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, August 25th. The Goldman Sachs Group set a $82.00 price target on shares of Flowserve in a research report on Thursday, July 30th. Finally, TD Cowen lowered shares of Flowserve from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $85.00 to $70.00 in a research note on Wednesday, June 24th. Six equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $86.60.

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.