Ionic Capital Management LLC Has $1.87 Million Position in Flowserve Corporation $FLS

Ionic Capital Management LLC lessened its stake in shares of Flowserve Corporation (NYSE:FLS) by 22.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 27,000 shares of the industrial products company’s stock after selling 8,000 shares during the period. Flowserve accounts for about 0.2% of Ionic Capital Management LLC’s portfolio, making the stock its 22nd largest position. Ionic Capital Management LLC’s holdings in Flowserve were worth $1,873,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of FLS. BOKF NA acquired a new position in shares of Flowserve during the 3rd quarter valued at $28,000. Measured Wealth Private Client Group LLC acquired a new position in Flowserve during the 3rd quarter worth approximately $36,000. Atlas Capital Advisors Inc. acquired a new position in Flowserve during the 4th quarter worth approximately $36,000. IFP Advisors Inc raised its stake in Flowserve by 24.4% during the 3rd 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 period. Finally, Parallel Advisors LLC raised its stake in Flowserve by 20.1% during the 3rd 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 period. Institutional investors and hedge funds own 93.93% of the company’s stock.

Insider Activity at Flowserve

In other news, Director Brian D. Savoy bought 1,000 shares of the stock in a transaction dated Thursday, May 14th. The stock was bought at an average price of $67.34 per share, for a total transaction of $67,340.00. Following the completion of the acquisition, the director directly owned 1,000 shares in the company, valued at approximately $67,340. This trade represents a ? increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.71% of the stock is currently owned by corporate insiders.

Flowserve Stock Down 1.9%

FLS stock opened at $79.00 on Thursday. Flowserve Corporation has a twelve month low of $45.11 and a twelve 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 stock’s 50 day moving average is $76.09 and its 200-day moving average is $76.63. The firm has a market capitalization of $10.10 billion, a PE ratio of 29.26, a P/E/G ratio of 1.81 and a beta of 1.22.

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, topping the consensus estimate of $0.82 by $0.03. The business 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%.Flowserve’s revenue was down 6.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.72 earnings per share. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. Sell-side analysts expect that Flowserve Corporation will post 4.05 EPS for the current fiscal year.

Flowserve Announces Dividend

The company 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 $0.22 dividend. The ex-dividend date is Friday, June 26th. This represents a $0.88 annualized dividend and a dividend yield of 1.1%. Flowserve’s dividend payout ratio is presently 32.59%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on FLS shares. Zacks Research downgraded Flowserve from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 15th. TD Cowen reissued a “buy” rating on shares of Flowserve in a research report on Friday, May 1st. Royal Bank Of Canada reduced their price target on shares of Flowserve from $98.00 to $91.00 and set an “outperform” rating for the company in a research report on Friday, May 1st. Jefferies Financial Group restated a “buy” rating and set a $90.00 price objective (down from $100.00) on shares of Flowserve in a report on Tuesday, March 31st. Finally, Citigroup reaffirmed a “buy” rating on shares of Flowserve in a research note on Thursday, April 30th. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Flowserve has an average rating of “Moderate Buy” and an average price target of $87.70.

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.