Gabelli Funds LLC Has $78.15 Million Holdings in Flowserve Corporation $FLS

Gabelli Funds LLC cut its position in Flowserve Corporation (NYSE:FLS) by 6.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,126,437 shares of the industrial products company’s stock after selling 76,436 shares during the quarter. Gabelli Funds LLC’s holdings in Flowserve were worth $78,152,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. BOKF NA acquired a new position in Flowserve during the third quarter worth $28,000. Measured Wealth Private Client Group LLC acquired a new position in Flowserve during the third quarter worth $36,000. Bruce G. Allen Investments LLC acquired a new position in Flowserve during the third quarter worth $40,000. IFP Advisors Inc increased its holdings in Flowserve by 24.4% during the third quarter. IFP Advisors Inc now owns 830 shares of the industrial products company’s stock worth $46,000 after buying an additional 163 shares during the last quarter. Finally, Parallel Advisors LLC increased its holdings in Flowserve by 20.1% during the third quarter. Parallel Advisors LLC now owns 968 shares of the industrial products company’s stock worth $51,000 after buying an additional 162 shares during the last quarter. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Flowserve

In other Flowserve news, Director Brian D. Savoy purchased 1,000 shares of the business’s 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 acquisition, the director directly owned 1,000 shares of the company’s stock, valued at $67,340. This trade represents a ? increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.71% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on FLS. TD Cowen restated a “buy” rating on shares of Flowserve in a report on Friday, May 1st. Royal Bank Of Canada lowered their target price on shares of Flowserve from $98.00 to $91.00 and set an “outperform” rating on the stock in a report on Friday, May 1st. Stifel Nicolaus set a $92.00 target price on shares of Flowserve in a report on Friday, May 1st. Citigroup restated a “buy” rating on shares of Flowserve in a report on Thursday, April 30th. Finally, Weiss Ratings downgraded shares of Flowserve from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $87.70.

Flowserve Trading Down 0.0%

Shares of Flowserve stock opened at $65.06 on Monday. The business has a fifty day simple moving average of $76.65 and a two-hundred day simple moving average of $75.68. Flowserve Corporation has a 1 year low of $45.11 and a 1 year high of $92.41. The company has a market capitalization of $8.32 billion, a price-to-earnings ratio of 24.10, a P/E/G ratio of 1.46 and a beta of 1.24. 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 (NYSE:FLS) last announced its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter last year, the firm posted $0.72 EPS. The company’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. Research analysts forecast that Flowserve Corporation will post 4.05 EPS for the current year.

Flowserve Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 26th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Friday, June 26th. This represents a $0.88 annualized dividend and a yield of 1.4%. Flowserve’s dividend payout ratio (DPR) is currently 32.59%.

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.