Inspire Investing LLC Buys 9,304 Shares of Flowserve Corporation $FLS

Inspire Investing LLC boosted its stake in shares of Flowserve Corporation (NYSE:FLS) by 15.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,127 shares of the industrial products company’s stock after acquiring an additional 9,304 shares during the quarter. Inspire Investing LLC’s holdings in Flowserve were worth $5,229,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. UBS Group AG lifted its holdings in shares of Flowserve by 67.8% during the third quarter. UBS Group AG now owns 4,146,917 shares of the industrial products company’s stock valued at $220,367,000 after acquiring an additional 1,676,284 shares during the period. AQR Capital Management LLC grew its holdings in shares of Flowserve by 9.9% in the 3rd quarter. AQR Capital Management LLC now owns 3,230,118 shares of the industrial products company’s stock worth $171,648,000 after purchasing an additional 290,226 shares during the last quarter. Earnest Partners LLC grew its holdings in shares of Flowserve by 5.0% in the 3rd quarter. Earnest Partners LLC now owns 2,885,879 shares of the industrial products company’s stock worth $153,356,000 after purchasing an additional 136,867 shares during the last quarter. Nuveen LLC increased its position in shares of Flowserve by 6.1% during the 4th quarter. Nuveen LLC now owns 2,777,288 shares of the industrial products company’s stock worth $192,688,000 after purchasing an additional 158,661 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position 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 purchasing an additional 299,346 shares in the last quarter. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Brian D. Savoy purchased 1,000 shares of the firm’s stock in a transaction dated 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 purchase, the director directly owned 1,000 shares of the company’s stock, valued at $67,340. This trade represents a ? increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.71% of the company’s stock.

Flowserve Stock Performance

Flowserve stock opened at $73.22 on Tuesday. The stock has a 50-day simple moving average of $75.44 and a 200 day simple moving average of $76.97. The company has a quick ratio of 1.63, a current ratio of 2.22 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 stock has a market capitalization of $9.36 billion, a price-to-earnings ratio of 27.12, a P/E/G ratio of 1.63 and a beta of 1.23.

Flowserve (NYSE:FLS) last issued its quarterly earnings results 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. Flowserve had a net margin of 7.61% and a return on equity of 21.46%. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the prior year, the company earned $0.72 EPS. The firm’s quarterly revenue was down 6.7% on a year-over-year basis. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. On average, research analysts anticipate that Flowserve Corporation will post 4.05 earnings per share for the current fiscal year.

Flowserve Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Stockholders 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 dividend yield of 1.2%. The ex-dividend date is Friday, June 26th. Flowserve’s dividend payout ratio is presently 32.59%.

Analyst Upgrades and Downgrades

FLS has been the topic of a number of recent analyst reports. Citigroup restated a “buy” rating on shares of Flowserve in a research report on Thursday, April 30th. Wall Street Zen lowered shares of Flowserve from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Jefferies Financial Group reiterated a “buy” rating and issued a $90.00 target price (down from $100.00) on shares of Flowserve in a research note 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, TD Cowen downgraded Flowserve from a “buy” rating to a “hold” rating and reduced their target price for the stock from $85.00 to $70.00 in a report on Wednesday, June 24th. Seven equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $86.70.

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.