Rokos Capital Management LLP Takes $4.67 Million Position in Flowserve Corporation $FLS

Rokos Capital Management LLP bought a new stake in Flowserve Corporation (NYSE:FLS) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 63,501 shares of the industrial products company’s stock, valued at approximately $4,665,000.

Other large investors also recently made changes to their positions in the company. Empowered Funds LLC bought a new stake in Flowserve in the 1st quarter valued at $270,000. Engle Capital Management L.P. increased its position in Flowserve by 346.4% during the 1st quarter. Engle Capital Management L.P. now owns 250,000 shares of the industrial products company’s stock worth $18,378,000 after buying an additional 194,000 shares during the period. Quantinno Capital Management LP increased its position in Flowserve by 44.9% during the 1st quarter. Quantinno Capital Management LP now owns 206,959 shares of the industrial products company’s stock worth $15,214,000 after buying an additional 64,090 shares during the period. Lazard Asset Management LLC lifted its holdings in shares of Flowserve by 4.3% during the first quarter. Lazard Asset Management LLC now owns 18,392 shares of the industrial products company’s stock worth $1,352,000 after buying an additional 760 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Flowserve during the first quarter worth $826,000. Institutional investors own 93.93% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Stifel Nicolaus set a $92.00 target price on shares of Flowserve in a research report on Friday, May 1st. Royal Bank Of Canada lowered their price target on shares of Flowserve from $98.00 to $91.00 and set an “outperform” rating on the stock in a research report on Friday, May 1st. Citigroup reissued a “buy” rating on shares of Flowserve in a report on Thursday, April 30th. TD Cowen lowered shares of Flowserve from a “buy” rating to a “hold” rating and decreased their target price for the stock from $85.00 to $70.00 in a research report on Wednesday, June 24th. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $83.00 target price on shares of Flowserve in a research report on Thursday, April 30th. Seven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Flowserve presently has an average rating of “Moderate Buy” and a consensus target price of $86.70.

Flowserve Price Performance

Shares of NYSE FLS opened at $72.63 on Tuesday. The business has a fifty day moving average price of $73.25 and a two-hundred day moving average price of $76.89. The stock has a market capitalization of $9.28 billion, a PE ratio of 26.90, a P/E/G ratio of 1.63 and a beta of 1.23. 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 fifty-two week low of $48.71 and a fifty-two week high of $92.41.

Flowserve (NYSE:FLS) last released its 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 return on equity of 21.46% and a net margin of 7.61%.The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same period in the prior year, the firm posted $0.72 EPS. Flowserve’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. As a group, equities analysts predict that Flowserve Corporation will post 4.04 earnings per share for the current fiscal year.

Flowserve Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Friday, June 26th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, June 26th. This represents a $0.88 annualized dividend and a yield of 1.2%. Flowserve’s dividend payout ratio is currently 32.59%.

Insiders Place Their Bets

In other news, Director Brian D. Savoy acquired 1,000 shares of Flowserve stock in a transaction on Thursday, May 14th. The shares were purchased at an average cost of $67.34 per share, for a total transaction of $67,340.00. Following the completion of the purchase, the director directly owned 1,000 shares of the company’s stock, valued at approximately $67,340. This represents a ? increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.71% of the stock is owned by corporate 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.