Segall Bryant & Hamill LLC Trims Position in Flowserve Corporation $FLS

Segall Bryant & Hamill LLC lowered its position in shares of Flowserve Corporation (NYSE:FLS) by 8.0% during the first quarter, Holdings Channel reports. The fund owned 415,200 shares of the industrial products company’s stock after selling 36,180 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Flowserve were worth $30,521,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in Flowserve in the 4th quarter valued at $117,964,000. UBS Group AG boosted its holdings in shares of Flowserve by 67.8% during the third quarter. UBS Group AG now owns 4,146,917 shares of the industrial products company’s stock worth $220,367,000 after purchasing an additional 1,676,284 shares during the last quarter. Merewether Investment Management LP purchased a new stake in shares of Flowserve in the second quarter valued at $46,555,000. T. Rowe Price Investment Management Inc. grew its position in shares of Flowserve by 102.7% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,731,665 shares of the industrial products company’s stock valued at $120,143,000 after purchasing an additional 877,327 shares during the period. Finally, Amundi increased its stake in Flowserve by 414.3% in the fourth quarter. Amundi now owns 1,047,698 shares of the industrial products company’s stock valued at $72,689,000 after purchasing an additional 843,995 shares during the last quarter. 93.93% of the stock is owned by hedge funds and other institutional investors.

Flowserve Price Performance

FLS stock opened at $76.13 on Friday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.63 and a current ratio of 2.15. Flowserve Corporation has a 1 year low of $48.71 and a 1 year high of $92.41. The firm has a market cap of $9.68 billion, a P/E ratio of 26.71, a price-to-earnings-growth ratio of 1.69 and a beta of 1.23. The stock has a 50-day simple moving average of $73.73 and a 200-day simple moving average of $76.90.

Flowserve (NYSE:FLS) last announced its earnings results on Wednesday, July 29th. The industrial products company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.86 by $0.09. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.16 billion. Flowserve had a return on equity of 21.42% and a net margin of 8.01%.The company’s revenue was down 1.6% on a year-over-year basis. During the same period last year, the business posted $0.91 EPS. Flowserve has set its FY 2026 guidance at 4.050-4.200 EPS. On average, equities analysts predict that Flowserve Corporation will post 4.06 earnings per share for the current fiscal year.

Flowserve Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Zacks Research downgraded Flowserve from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 15th. Citigroup reaffirmed a “buy” rating on shares of Flowserve in a research note on Thursday, April 30th. The Goldman Sachs Group set a $82.00 price objective on shares of Flowserve in a report on Thursday. Royal Bank Of Canada boosted their target price on shares of Flowserve from $91.00 to $94.00 and gave the company an “outperform” rating in a report on Friday. Finally, TD Cowen lowered shares of Flowserve from a “buy” rating to a “hold” rating and dropped their price target for the stock from $85.00 to $70.00 in a research report on Wednesday, June 24th. Six equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Flowserve has an average rating of “Moderate Buy” and a consensus target price of $86.60.

Insider Buying and Selling at Flowserve

In other news, Director Brian D. Savoy bought 1,000 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was acquired at an average cost of $67.34 per share, for a total transaction of $67,340.00. Following the completion of the purchase, the director owned 1,000 shares of the company’s stock, valued at $67,340. This trade represents a ? increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.71% of the company’s stock.

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.