Flowserve Corporation $FLS Shares Sold by Clearbridge Investments LLC

Clearbridge Investments LLC lowered its position in shares of Flowserve Corporation (NYSE:FLS) by 26.3% during the fourth quarter, Holdings Channel reports. The firm owned 288,701 shares of the industrial products company’s stock after selling 102,776 shares during the quarter. Clearbridge Investments LLC’s holdings in Flowserve were worth $20,030,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of FLS. Goldman Sachs Group Inc. grew its stake in shares of Flowserve by 48.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 471,893 shares of the industrial products company’s stock valued at $23,047,000 after purchasing an additional 153,553 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of Flowserve in the 2nd quarter worth approximately $313,000. First Trust Advisors LP grew its holdings in shares of Flowserve by 6.0% in the 2nd quarter. First Trust Advisors LP now owns 134,484 shares of the industrial products company’s stock worth $7,040,000 after acquiring an additional 7,624 shares during the period. Cresset Asset Management LLC grew its holdings in Flowserve by 24.1% during the 2nd quarter. Cresset Asset Management LLC now owns 14,246 shares of the industrial products company’s stock valued at $749,000 after buying an additional 2,769 shares during the last quarter. Finally, California Public Employees Retirement System grew its holdings in Flowserve by 10.5% during the 2nd quarter. California Public Employees Retirement System now owns 232,848 shares of the industrial products company’s stock valued at $12,190,000 after buying an additional 22,108 shares during the last quarter. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Flowserve Price Performance

Shares of NYSE:FLS opened at $75.89 on Wednesday. The company’s fifty day moving average is $75.61 and its two-hundred day moving average is $76.24. The company has a quick ratio of 1.63, a current ratio of 2.22 and a debt-to-equity ratio of 0.73. Flowserve Corporation has a 12-month low of $45.11 and a 12-month high of $92.41. The company has a market cap of $9.70 billion, a P/E ratio of 28.11, a price-to-earnings-growth ratio of 1.68 and a beta of 1.22.

Flowserve (NYSE:FLS) last posted its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.82 by $0.03. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Flowserve had a net margin of 7.61% and a return on equity of 21.46%. Flowserve’s revenue was down 6.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.72 EPS. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. Equities analysts expect that Flowserve Corporation will post 4.05 earnings per share for the current fiscal year.

Flowserve Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, June 26th. Flowserve’s dividend payout ratio (DPR) is presently 32.59%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on FLS shares. Citigroup restated a “buy” rating on shares of Flowserve in a report on Thursday, April 30th. Jefferies Financial Group reissued a “buy” rating and issued a $90.00 price objective (down from $100.00) on shares of Flowserve in a research report on Tuesday, March 31st. Wall Street Zen lowered Flowserve from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. TD Cowen reissued a “buy” rating on shares of Flowserve in a report on Friday, May 1st. Finally, Weiss Ratings lowered Flowserve from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 15th. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $87.70.

Insider Buying and Selling at Flowserve

In related news, Director Brian D. Savoy bought 1,000 shares of Flowserve stock in a transaction that occurred on Thursday, May 14th. The stock was acquired at an average price 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 in the company, valued at approximately $67,340. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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.