Principal Financial Group Inc. Has $20.84 Million Holdings in Flowserve Corporation $FLS

Principal Financial Group Inc. increased its stake in shares of Flowserve Corporation (NYSE:FLS) by 3.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 283,570 shares of the industrial products company’s stock after buying an additional 10,167 shares during the quarter. Principal Financial Group Inc. owned 0.22% of Flowserve worth $20,845,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Comprehensive Money Management Services LLC raised its stake in Flowserve by 1.5% during the first quarter. Comprehensive Money Management Services LLC now owns 8,509 shares of the industrial products company’s stock worth $625,000 after acquiring an additional 125 shares in the last quarter. BTC Capital Management Inc. boosted its stake in shares of Flowserve by 2.5% in the 1st quarter. BTC Capital Management Inc. now owns 6,531 shares of the industrial products company’s stock valued at $480,000 after purchasing an additional 162 shares in the last quarter. Parallel Advisors LLC boosted its stake in shares of Flowserve by 20.1% in the 3rd quarter. Parallel Advisors LLC now owns 968 shares of the industrial products company’s stock valued at $51,000 after purchasing an additional 162 shares in the last quarter. IFP Advisors Inc grew its holdings in shares of Flowserve by 24.4% in the 3rd quarter. IFP Advisors Inc now owns 830 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 163 shares during the last quarter. Finally, Inspire Advisors LLC grew its holdings in shares of Flowserve by 3.7% in the 4th quarter. Inspire Advisors LLC now owns 4,667 shares of the industrial products company’s stock worth $324,000 after purchasing an additional 165 shares during the last quarter. Institutional investors and hedge funds own 93.93% of the company’s stock.

Insider Activity at Flowserve

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. 0.71% of the stock is owned by company insiders.

Flowserve Stock Performance

Shares of NYSE:FLS opened at $67.39 on Wednesday. The business has a fifty day moving average of $72.85 and a 200-day moving average of $76.89. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.63 and a current ratio of 2.22. Flowserve Corporation has a twelve month low of $48.71 and a twelve month high of $92.41. The firm has a market cap of $8.61 billion, a PE ratio of 24.96, a price-to-earnings-growth ratio of 1.50 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, equities research analysts predict that Flowserve Corporation will post 4.05 EPS for the current fiscal year.

Flowserve Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Friday, June 26th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Friday, June 26th. Flowserve’s dividend payout ratio is presently 32.59%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Wall Street Zen downgraded shares of Flowserve from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Zacks Research cut shares of Flowserve from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 15th. TD Cowen cut shares of Flowserve from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $85.00 to $70.00 in a research note on Wednesday, June 24th. Royal Bank Of Canada dropped their price objective on shares of Flowserve from $98.00 to $91.00 and set an “outperform” rating for the company in a report on Friday, May 1st. Finally, 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. Seven analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Flowserve presently has an average rating of “Moderate Buy” and an average target price 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.