MGO One Seven LLC Makes New $674,000 Investment in Flowserve Corporation $FLS

MGO One Seven LLC acquired a new position in shares of Flowserve Corporation (NYSE:FLS) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 9,718 shares of the industrial products company’s stock, valued at approximately $674,000.

Several other large investors have also modified their holdings of the business. EverSource Wealth Advisors LLC lifted its stake in shares of Flowserve by 3.9% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 4,181 shares of the industrial products company’s stock valued at $222,000 after purchasing an additional 157 shares during the last quarter. Parallel Advisors LLC lifted its stake in shares of Flowserve by 20.1% in the 3rd quarter. Parallel Advisors LLC now owns 968 shares of the industrial products company’s stock valued at $51,000 after purchasing an additional 162 shares during the last quarter. IFP Advisors Inc lifted its stake in shares of Flowserve by 24.4% in the 3rd quarter. IFP Advisors Inc now owns 830 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 163 shares during the last quarter. Pallas Capital Advisors LLC lifted its stake in shares of Flowserve by 0.8% in the 4th quarter. Pallas Capital Advisors LLC now owns 25,939 shares of the industrial products company’s stock valued at $1,800,000 after purchasing an additional 217 shares during the last quarter. Finally, Public Employees Retirement System of Ohio lifted its stake in shares of Flowserve by 0.5% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 45,527 shares of the industrial products company’s stock valued at $2,419,000 after purchasing an additional 217 shares during the last quarter. Institutional investors and hedge funds own 93.93% of the company’s stock.

Flowserve Price Performance

FLS opened at $66.42 on Thursday. The stock’s 50-day moving average price is $77.32 and its 200 day moving average price is $75.49. Flowserve Corporation has a 12-month low of $45.11 and a 12-month high of $92.41. The company has a current ratio of 2.22, a quick ratio of 1.63 and a debt-to-equity ratio of 0.73. The firm has a market cap of $8.49 billion, a price-to-earnings ratio of 24.60, a PEG ratio of 1.56 and a beta of 1.24.

Flowserve (NYSE:FLS) last posted its 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. Flowserve had a return on equity of 21.46% and a net margin of 7.61%.The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the prior year, the company earned $0.72 EPS. Flowserve’s revenue was down 6.7% on a year-over-year basis. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. As a group, sell-side analysts expect that Flowserve Corporation will post 4.05 earnings per share for the current year.

Flowserve Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Friday, March 27th were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Friday, March 27th. This is a positive change from Flowserve’s previous quarterly dividend of $0.21. Flowserve’s dividend payout ratio is currently 32.59%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on FLS. Zacks Research lowered Flowserve from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 15th. Wall Street Zen lowered Flowserve from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. 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. TD Cowen reaffirmed a “buy” rating on shares of Flowserve in a research note on Friday, May 1st. Finally, Robert W. Baird set a $98.00 price target on Flowserve in a research note on Monday, February 9th. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently 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.