Sanctuary Advisors LLC Sells 9,533 Shares of Flowserve Corporation $FLS

Sanctuary Advisors LLC decreased its position in Flowserve Corporation (NYSE:FLS) by 33.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,211 shares of the industrial products company’s stock after selling 9,533 shares during the period. Sanctuary Advisors LLC’s holdings in Flowserve were worth $1,412,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of FLS. Northwestern Mutual Wealth Management Co. boosted its stake in Flowserve by 1,300.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 203,715 shares of the industrial products company’s stock valued at $14,967,000 after acquiring an additional 189,165 shares during the period. Exchange Traded Concepts LLC raised its position in shares of Flowserve by 19.2% during the 4th quarter. Exchange Traded Concepts LLC now owns 128,436 shares of the industrial products company’s stock worth $8,911,000 after purchasing an additional 20,725 shares during the period. William Blair Investment Management LLC lifted its holdings in shares of Flowserve by 142.4% in the 4th quarter. William Blair Investment Management LLC now owns 1,048,137 shares of the industrial products company’s stock worth $72,720,000 after purchasing an additional 615,769 shares during the last quarter. Bullseye Asset Management LLC lifted its holdings in shares of Flowserve by 54.5% in the 4th quarter. Bullseye Asset Management LLC now owns 85,000 shares of the industrial products company’s stock worth $5,897,000 after purchasing an additional 30,000 shares during the last quarter. Finally, Hillsdale Investment Management Inc. lifted its holdings in shares of Flowserve by 27.8% in the 4th quarter. Hillsdale Investment Management Inc. now owns 72,950 shares of the industrial products company’s stock worth $5,061,000 after purchasing an additional 15,850 shares during the last quarter. Institutional investors 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 the stock in a transaction on Thursday, May 14th. The shares were purchased at an average cost of $67.34 per share, with a total value of $67,340.00. Following the completion of the transaction, the director directly owned 1,000 shares of the company’s stock, valued at $67,340. This represents a ? increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.71% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

FLS has been the subject of a number of analyst reports. Wall Street Zen lowered shares of Flowserve from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Royal Bank Of Canada dropped their price target on shares of Flowserve from $98.00 to $91.00 and set an “outperform” rating on the stock in a research note on Friday, May 1st. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $83.00 price target on shares of Flowserve in a report on Thursday, April 30th. Zacks Research downgraded Flowserve from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 15th. Finally, TD Cowen lowered Flowserve from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $85.00 to $70.00 in a report on Wednesday, June 24th. Seven analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $86.70.

Flowserve Trading Up 4.6%

Flowserve stock opened at $71.74 on Friday. The firm has a market cap of $9.17 billion, a price-to-earnings ratio of 26.57, a price-to-earnings-growth ratio of 1.55 and a beta of 1.23. Flowserve Corporation has a 1 year low of $48.71 and a 1 year high of $92.41. The firm’s 50 day moving average price is $72.97 and its two-hundred day moving average price is $76.89. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.63 and a current ratio of 2.22.

Flowserve (NYSE:FLS) last issued its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $1.17 billion. During the same quarter last year, the business posted $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. On average, research analysts predict that Flowserve Corporation will post 4.04 EPS for the current fiscal year.

Flowserve Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Friday, June 26th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Friday, June 26th. Flowserve’s payout ratio 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.