Aristotle Capital Boston LLC Has $7.49 Million Stock Holdings in Flowserve Corporation $FLS

Aristotle Capital Boston LLC decreased its stake in Flowserve Corporation (NYSE:FLS) by 8.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 107,916 shares of the industrial products company’s stock after selling 9,845 shares during the quarter. Aristotle Capital Boston LLC’s holdings in Flowserve were worth $7,487,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in FLS. Boothbay Fund Management LLC acquired a new stake in shares of Flowserve during the fourth quarter worth about $308,000. BNB Wealth Management LLC acquired a new stake in Flowserve in the 4th quarter valued at approximately $468,000. Atlantic Investment Management Inc. acquired a new stake in Flowserve in the 4th quarter valued at approximately $21,785,000. Guggenheim Capital LLC acquired a new stake in Flowserve in the 4th quarter valued at approximately $336,000. Finally, Caisse de depot et placement du Quebec acquired a new stake in Flowserve in the 4th quarter valued at approximately $764,000. Institutional investors and hedge funds own 93.93% of the company’s stock.

Insider Activity at Flowserve

In other Flowserve news, Director Brian D. Savoy bought 1,000 shares of Flowserve stock in a transaction dated Thursday, May 14th. The stock was bought at an average cost of $67.34 per share, for a total transaction of $67,340.00. Following the purchase, the director owned 1,000 shares of the company’s stock, valued at $67,340. The trade was a ? increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on FLS shares. Citigroup reissued a “buy” rating on shares of Flowserve in a research report on Thursday, April 30th. Royal Bank Of Canada decreased their price target on Flowserve from $98.00 to $91.00 and set an “outperform” rating for the company in a research note on Friday, May 1st. Stifel Nicolaus set a $92.00 price target on Flowserve in a research note on Friday, May 1st. Wall Street Zen downgraded Flowserve from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $90.00 price target (down from $100.00) on shares of Flowserve in a research note on Tuesday, March 31st. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $87.70.

Flowserve Stock Down 1.9%

FLS stock opened at $79.00 on Thursday. The company has a quick ratio of 1.63, a current ratio of 2.22 and a debt-to-equity ratio of 0.73. The business has a 50 day moving average price of $76.09 and a two-hundred day moving average price of $76.63. The company has a market cap of $10.10 billion, a price-to-earnings ratio of 29.26, a P/E/G ratio of 1.81 and a beta of 1.22. Flowserve Corporation has a twelve month low of $45.11 and a twelve month high of $92.41.

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

Flowserve Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Friday, June 26th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Friday, June 26th. Flowserve’s payout ratio is currently 32.59%.

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.