OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Invests $5.02 Million in Flowserve Corporation $FLS

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Flowserve Corporation (NYSE:FLS) in the fourth quarter, Holdings Channel reports. The fund purchased 72,341 shares of the industrial products company’s stock, valued at approximately $5,019,000.

Other hedge funds have also made changes to their positions in the company. Atlas Capital Advisors Inc. purchased a new stake in shares of Flowserve in the fourth quarter worth approximately $36,000. BOKF NA purchased a new stake in shares of Flowserve in the third quarter worth approximately $28,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Flowserve in the third quarter worth approximately $36,000. IFP Advisors Inc lifted its position in shares of Flowserve by 24.4% in the third quarter. IFP Advisors Inc now owns 830 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 163 shares in the last quarter. Finally, Parallel Advisors LLC lifted its position in shares of Flowserve by 20.1% in the third quarter. Parallel Advisors LLC now owns 968 shares of the industrial products company’s stock worth $51,000 after purchasing an additional 162 shares in the last quarter. 93.93% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Citigroup reissued a “buy” rating on shares of Flowserve in a research report on Thursday, April 30th. TD Cowen reaffirmed a “buy” rating on shares of Flowserve in a research report on Friday, May 1st. Jefferies Financial Group reiterated a “buy” rating and set a $90.00 price target (down from $100.00) on shares of Flowserve in a report on Tuesday, March 31st. Weiss Ratings downgraded Flowserve from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 15th. Finally, Stifel Nicolaus set a $92.00 price target on Flowserve in a report on Friday, May 1st. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $87.70.

Insider Activity

In related news, Director Brian D. Savoy acquired 1,000 shares of the stock in a transaction dated Thursday, May 14th. The shares were acquired at an average price of $67.34 per share, for a total transaction of $67,340.00. Following the completion of the purchase, the director owned 1,000 shares in the company, 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 accessible through this hyperlink. Insiders own 0.71% of the company’s stock.

Flowserve Trading Up 2.1%

Shares of Flowserve stock opened at $79.75 on Tuesday. The company’s fifty day simple moving average is $75.93 and its 200-day simple moving average is $76.50. The company has a market cap of $10.19 billion, a price-to-earnings ratio of 29.54, a PEG ratio of 1.76 and a beta of 1.23. 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 1 year low of $45.11 and a 1 year high of $92.41.

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

Flowserve Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Stockholders 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 annualized dividend and a dividend yield of 1.1%. Flowserve’s dividend payout ratio (DPR) is presently 32.59%.

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.