State of Wyoming Has $934,000 Position in Flowserve Corporation $FLS

State of Wyoming raised its position in Flowserve Corporation (NYSE:FLS) by 183.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,458 shares of the industrial products company’s stock after acquiring an additional 8,704 shares during the quarter. State of Wyoming’s holdings in Flowserve were worth $934,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. lifted its stake in 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 acquiring an additional 189,165 shares during the last quarter. Hillsdale Investment Management Inc. acquired a new stake in Flowserve in the third quarter valued at $3,034,000. Dynamic Technology Lab Private Ltd acquired a new stake in Flowserve in the third quarter valued at $2,343,000. Exchange Traded Concepts LLC lifted its stake in Flowserve by 19.2% in the fourth quarter. Exchange Traded Concepts LLC now owns 128,436 shares of the industrial products company’s stock valued at $8,911,000 after acquiring an additional 20,725 shares during the last quarter. Finally, Fox Run Management L.L.C. acquired a new stake in Flowserve in the third quarter valued at $1,803,000. Institutional investors and hedge funds own 93.93% of the company’s stock.

Insider Buying and Selling

In other Flowserve news, Director Brian D. Savoy purchased 1,000 shares of the stock in a transaction that occurred on Thursday, May 14th. The shares were acquired 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 owned 1,000 shares in the company, valued at $67,340. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.71% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. TD Cowen reiterated a “buy” rating on shares of Flowserve in a research note on Friday, May 1st. Zacks Research lowered shares of Flowserve from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 15th. The Goldman Sachs Group reissued a “neutral” rating and issued a $83.00 price objective on shares of Flowserve in a research report on Thursday, April 30th. Robert W. Baird set a $98.00 price objective on shares of Flowserve in a research report on Monday, February 9th. Finally, Weiss Ratings lowered shares of Flowserve from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, May 15th. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $87.70.

Flowserve Price Performance

Shares of FLS opened at $75.56 on Thursday. The firm has a market capitalization of $9.66 billion, a PE ratio of 27.98, a PEG ratio of 1.72 and a beta of 1.22. The company’s 50-day moving average is $75.56 and its 200-day moving average is $76.01. Flowserve Corporation has a fifty-two week low of $45.11 and a fifty-two week high of $92.41. 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 (NYSE:FLS) last issued its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.03. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.17 billion. Flowserve had a net margin of 7.61% and a return on equity of 21.46%. The company’s revenue was down 6.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.72 earnings per share. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. Equities analysts forecast that Flowserve Corporation will post 4.05 EPS for the current year.

Flowserve Announces Dividend

The firm also recently declared 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. This represents a $0.88 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, June 26th. Flowserve’s dividend payout ratio (DPR) is currently 32.59%.

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.