Flowserve Corporation (NYSE:FLS) to Issue $0.22 Quarterly Dividend

Flowserve Corporation (NYSE:FLS) announced a quarterly dividend on Thursday, August 27th. Stockholders of record on Friday, September 25th will be given a dividend of 0.22 per share by the industrial products company on Friday, October 9th. This represents a c) dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Friday, September 25th.

Flowserve has raised its dividend by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 1 years. Flowserve has a dividend payout ratio of 24.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Flowserve to earn $4.67 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 18.8%.

Flowserve Price Performance

NYSE:FLS opened at $82.03 on Friday. Flowserve has a one year low of $48.71 and a one year high of $92.41. The stock has a market cap of $10.43 billion, a PE ratio of 28.78, a P/E/G ratio of 1.84 and a beta of 1.23. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.58 and a current ratio of 2.15. The stock has a 50 day moving average price of $75.23 and a 200 day moving average price of $77.17.

Flowserve (NYSE:FLS) last released its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.09. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.16 billion. Flowserve had a return on equity of 21.42% and a net margin of 8.01%.The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.91 earnings per share. Flowserve has set its FY 2026 guidance at 4.050-4.200 EPS. Equities research analysts expect that Flowserve will post 4.1 EPS for the current fiscal year.

Hedge Funds Weigh In On Flowserve

Large investors have recently modified their holdings of the business. Goldman Sachs Group Inc. increased its position in shares of Flowserve by 48.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 471,893 shares of the industrial products company’s stock worth $23,047,000 after purchasing an additional 153,553 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in Flowserve in the 2nd quarter valued at about $313,000. First Trust Advisors LP lifted its position in Flowserve by 6.0% in the second quarter. First Trust Advisors LP now owns 134,484 shares of the industrial products company’s stock valued at $7,040,000 after buying an additional 7,624 shares during the last quarter. Cresset Asset Management LLC lifted its position in Flowserve by 24.1% in the second quarter. Cresset Asset Management LLC now owns 14,246 shares of the industrial products company’s stock valued at $749,000 after buying an additional 2,769 shares during the last quarter. Finally, California Public Employees Retirement System boosted its stake in Flowserve by 10.5% during the second quarter. California Public Employees Retirement System now owns 232,848 shares of the industrial products company’s stock worth $12,190,000 after buying an additional 22,108 shares during the period. Institutional investors and hedge funds own 93.93% of the company’s stock.

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.