Flowserve (NYSE:FLS) Director Purchases $67,340.00 in Stock

Flowserve Corporation (NYSE:FLS) Director Brian Savoy acquired 1,000 shares of Flowserve stock in a transaction that occurred on Thursday, May 14th. The shares were purchased at an average cost of $67.34 per share, with a total value of $67,340.00. Following the transaction, the director owned 1,000 shares of the company’s stock, valued at approximately $67,340. The trade was a ? increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Flowserve Stock Performance

Shares of NYSE FLS opened at $65.06 on Monday. 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 one year low of $45.11 and a one year high of $92.41. The business’s 50-day moving average price is $76.65 and its two-hundred day moving average price is $75.68. The company has a market capitalization of $8.32 billion, a P/E ratio of 24.10, a price-to-earnings-growth ratio of 1.46 and a beta of 1.24.

Flowserve (NYSE:FLS) last posted its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.03. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.17 billion. Flowserve had a return on equity of 21.46% and a net margin of 7.61%.The business’s quarterly revenue was down 6.7% on a year-over-year basis. During the same period last year, the business earned $0.72 EPS. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. Analysts anticipate that Flowserve Corporation will post 4.05 earnings per share for the current fiscal year.

Flowserve Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 26th will be paid a $0.22 dividend. The ex-dividend date is Friday, June 26th. This represents a $0.88 dividend on an annualized basis and a yield of 1.4%. Flowserve’s payout ratio is 32.59%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Mizuho raised their price target on shares of Flowserve from $74.00 to $91.00 and gave the company an “outperform” rating in a report on Monday, February 9th. Citigroup reiterated a “buy” rating on shares of Flowserve in a 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. Zacks Research lowered Flowserve from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 15th. Finally, Robert W. Baird set a $98.00 price target on Flowserve in a research report on Monday, February 9th. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $87.70.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of FLS. Quantinno Capital Management LP grew its position in shares of Flowserve by 44.9% in the first quarter. Quantinno Capital Management LP now owns 206,959 shares of the industrial products company’s stock valued at $15,214,000 after purchasing an additional 64,090 shares during the last quarter. Lazard Asset Management LLC lifted its position in shares of Flowserve by 4.3% during the 1st quarter. Lazard Asset Management LLC now owns 18,392 shares of the industrial products company’s stock worth $1,352,000 after purchasing an additional 760 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Flowserve during the 1st quarter worth about $826,000. Galaxy Digital Capital Management GP LLC bought a new stake in Flowserve during the 1st quarter valued at approximately $118,000. Finally, Public Employees Retirement System of Ohio grew its holdings in Flowserve by 4.3% in the 1st quarter. Public Employees Retirement System of Ohio now owns 41,559 shares of the industrial products company’s stock valued at $3,055,000 after buying an additional 1,716 shares during the last quarter. Institutional investors and hedge funds own 93.93% of the company’s stock.

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.