Louisiana State Employees Retirement System Buys New Holdings in Flowserve Corporation $FLS

Louisiana State Employees Retirement System acquired a new position in Flowserve Corporation (NYSE:FLS) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 36,800 shares of the industrial products company’s stock, valued at approximately $2,705,000.

Other institutional investors have also recently made changes to their positions in the company. UBS Group AG raised its holdings in Flowserve by 67.8% in the 3rd quarter. UBS Group AG now owns 4,146,917 shares of the industrial products company’s stock worth $220,367,000 after purchasing an additional 1,676,284 shares during the period. AQR Capital Management LLC grew its holdings 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 valued at $171,648,000 after purchasing an additional 290,226 shares during the period. Earnest Partners LLC increased its position in shares of Flowserve by 5.0% in the third quarter. Earnest Partners LLC now owns 2,885,879 shares of the industrial products company’s stock valued at $153,356,000 after buying an additional 136,867 shares in the last quarter. Nuveen LLC increased its position in shares of Flowserve by 6.1% in the fourth quarter. Nuveen LLC now owns 2,777,288 shares of the industrial products company’s stock valued at $192,688,000 after buying an additional 158,661 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of 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 worth $190,468,000 after buying an additional 299,346 shares during the period. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on FLS. Stifel Nicolaus set a $92.00 price objective on shares of Flowserve in a research report on Friday, May 1st. The Goldman Sachs Group reiterated a “neutral” rating and issued a $83.00 target price on shares of Flowserve in a research report on Thursday, April 30th. TD Cowen cut shares of Flowserve from a “buy” rating to a “hold” rating and cut their target price for the stock from $85.00 to $70.00 in a research note on Wednesday. Citigroup reaffirmed a “buy” rating on shares of Flowserve in a research note on Thursday, April 30th. Finally, Wall Street Zen cut Flowserve from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Seven research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $86.70.

Flowserve Stock Up 0.3%

Shares of FLS opened at $72.79 on Monday. The firm has a market cap of $9.30 billion, a P/E ratio of 26.96, a price-to-earnings-growth ratio of 1.63 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 12-month low of $48.71 and a 12-month high of $92.41. The company’s 50-day moving average price is $75.53 and its 200 day moving average price is $76.96.

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

Flowserve Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Investors 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 1.2%. Flowserve’s payout ratio is currently 32.59%.

Insider Transactions at Flowserve

In other Flowserve news, Director Brian D. Savoy acquired 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, with a total value of $67,340.00. Following the transaction, the director owned 1,000 shares in the company, valued at $67,340. The trade was a ? increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.71% of the stock is owned by company insiders.

Flowserve Company 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.