Flowserve Corporation $FLS is Paradice Investment Management LLC’s 5th Largest Position

Paradice Investment Management LLC grew its position in shares of Flowserve Corporation (NYSE:FLS) by 52.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 516,510 shares of the industrial products company’s stock after buying an additional 178,356 shares during the quarter. Flowserve accounts for approximately 7.0% of Paradice Investment Management LLC’s investment portfolio, making the stock its 5th biggest holding. Paradice Investment Management LLC’s holdings in Flowserve were worth $35,835,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FLS. BOKF NA bought a new position in shares of Flowserve in the third quarter valued at approximately $28,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Flowserve during the third quarter valued at approximately $36,000. Bruce G. Allen Investments LLC bought a new stake in Flowserve during the third quarter worth $40,000. IFP Advisors Inc lifted 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 acquiring an additional 163 shares during the period. Finally, Parallel Advisors LLC boosted its position in Flowserve by 20.1% in the third quarter. Parallel Advisors LLC now owns 968 shares of the industrial products company’s stock worth $51,000 after purchasing an additional 162 shares during the last quarter. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on FLS shares. Robert W. Baird set a $98.00 price objective on Flowserve in a research note on Monday, February 9th. Citigroup cut their price target on shares of Flowserve from $98.00 to $97.00 and set a “buy” rating on the stock in a report on Monday, April 13th. Zacks Research lowered shares of Flowserve from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 15th. Royal Bank Of Canada raised their price objective on shares of Flowserve from $83.00 to $96.00 and gave the stock an “outperform” rating in a report on Monday, February 9th. Finally, Mizuho lifted their price objective on shares of Flowserve from $74.00 to $91.00 and gave the stock an “outperform” rating in a research report on Monday, February 9th. Eight equities research 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, Flowserve currently has a consensus rating of “Moderate Buy” and an average target price of $89.70.

Flowserve Stock Performance

NYSE:FLS opened at $81.94 on Friday. The company has a market capitalization of $10.47 billion, a P/E ratio of 31.27, a P/E/G ratio of 1.84 and a beta of 1.33. The business has a fifty day simple moving average of $80.60 and a two-hundred day simple moving average of $73.14. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.03 and a quick ratio of 1.50. Flowserve Corporation has a 1 year low of $42.07 and a 1 year high of $92.41.

Flowserve (NYSE:FLS) last issued its quarterly earnings results on Thursday, February 5th. The industrial products company reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.17. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Flowserve had a return on equity of 21.19% and a net margin of 7.32%.The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.70 EPS. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. On average, analysts expect that Flowserve Corporation will post 4.09 earnings per share for the current year.

Flowserve Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Friday, March 27th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.1%. This is a boost from Flowserve’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Friday, March 27th. Flowserve’s payout ratio is currently 33.59%.

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.