Flowserve Corporation $FLS Holdings Lifted by Engle Capital Management L.P.

Engle Capital Management L.P. lifted its holdings in Flowserve Corporation (NYSE:FLS) by 346.4% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 250,000 shares of the industrial products company’s stock after acquiring an additional 194,000 shares during the quarter. Flowserve accounts for about 6.3% of Engle Capital Management L.P.’s holdings, making the stock its 7th biggest holding. Engle Capital Management L.P.’s holdings in Flowserve were worth $18,378,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Comprehensive Money Management Services LLC grew its holdings in shares of Flowserve by 1.5% during the 1st quarter. Comprehensive Money Management Services LLC now owns 8,509 shares of the industrial products company’s stock valued at $625,000 after purchasing an additional 125 shares during the last quarter. BTC Capital Management Inc. lifted its stake in Flowserve by 2.5% in the first quarter. BTC Capital Management Inc. now owns 6,531 shares of the industrial products company’s stock worth $480,000 after purchasing an additional 162 shares during the last quarter. Parallel Advisors LLC lifted its stake in Flowserve by 20.1% in the third quarter. Parallel Advisors LLC now owns 968 shares of the industrial products company’s stock worth $51,000 after purchasing an additional 162 shares during the last quarter. IFP Advisors Inc boosted its position in Flowserve by 24.4% during the third quarter. IFP Advisors Inc now owns 830 shares of the industrial products company’s stock valued at $46,000 after buying an additional 163 shares during the period. Finally, Inspire Advisors LLC boosted its position in Flowserve by 3.7% during the fourth quarter. Inspire Advisors LLC now owns 4,667 shares of the industrial products company’s stock valued at $324,000 after buying an additional 165 shares during the period. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Stifel Nicolaus set a $92.00 price objective on Flowserve in a report on Friday, May 1st. TD Cowen cut Flowserve from a “buy” rating to a “hold” rating and dropped their target price for the company from $85.00 to $70.00 in a report on Wednesday, June 24th. Jefferies Financial Group restated a “buy” rating and set a $90.00 price target (down from $100.00) on shares of Flowserve in a research report on Tuesday, March 31st. Royal Bank Of Canada decreased their price target on Flowserve from $98.00 to $91.00 and set an “outperform” rating on the stock in a research note on Friday, May 1st. Finally, Citigroup reiterated a “buy” rating 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. According to data from MarketBeat.com, Flowserve currently has a consensus rating of “Moderate Buy” and an average target price of $86.70.

Insider Transactions at Flowserve

In other Flowserve news, Director Brian D. Savoy purchased 1,000 shares of the stock in a transaction on Thursday, May 14th. The stock was acquired at an average price of $67.34 per share, with a total value of $67,340.00. Following the transaction, the director directly owned 1,000 shares of the company’s stock, valued at approximately $67,340. This trade represents a ? increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.71% of the stock is currently owned by corporate insiders.

Flowserve Price Performance

Shares of Flowserve stock opened at $72.63 on Tuesday. The firm has a market cap of $9.28 billion, a PE ratio of 26.90, a price-to-earnings-growth ratio of 1.63 and a beta of 1.23. Flowserve Corporation has a 12-month low of $48.71 and a 12-month high of $92.41. 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 company’s fifty day simple moving average is $73.25 and its two-hundred day simple moving average is $76.89.

Flowserve (NYSE:FLS) last released its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.03. The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Flowserve had a net margin of 7.61% and a return on equity of 21.46%. The company’s revenue for the quarter was down 6.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.72 earnings per share. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. As a group, equities analysts expect that Flowserve Corporation will post 4.04 EPS for the current year.

Flowserve Dividend Announcement

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

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.