Inspire Investing LLC Has $5.23 Million Position in Flowserve Corporation $FLS

Inspire Investing LLC lifted its holdings in Flowserve Corporation (NYSE:FLS) by 15.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 71,127 shares of the industrial products company’s stock after purchasing an additional 9,304 shares during the period. Inspire Investing LLC owned 0.06% of Flowserve worth $5,229,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. UBS Group AG grew its holdings in Flowserve by 67.8% in the 3rd quarter. UBS Group AG now owns 4,146,917 shares of the industrial products company’s stock valued at $220,367,000 after buying an additional 1,676,284 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Flowserve by 9.9% during the third quarter. AQR Capital Management LLC now owns 3,230,118 shares of the industrial products company’s stock worth $171,648,000 after buying an additional 290,226 shares during the last quarter. Earnest Partners LLC boosted its position in shares of Flowserve by 5.0% in the third quarter. Earnest Partners LLC now owns 2,885,879 shares of the industrial products company’s stock valued at $153,356,000 after acquiring an additional 136,867 shares during the period. Nuveen LLC boosted its position in shares of Flowserve by 6.1% in the fourth quarter. Nuveen LLC now owns 2,777,288 shares of the industrial products company’s stock valued at $192,688,000 after acquiring an additional 158,661 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Flowserve by 12.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,745,206 shares of the industrial products company’s stock worth $190,468,000 after acquiring an additional 299,346 shares during the last quarter. Institutional investors and hedge funds own 93.93% of the company’s stock.

Insider Transactions at Flowserve

In other Flowserve news, Director Brian D. Savoy purchased 1,000 shares of the business’s stock in a transaction on Thursday, May 14th. The stock was purchased 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 directly owned 1,000 shares in the company, valued at approximately $67,340. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.71% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Zacks Research cut shares of Flowserve from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 15th. The Goldman Sachs Group restated a “neutral” rating and issued a $83.00 price target on shares of Flowserve in a research report on Thursday, April 30th. Royal Bank Of Canada dropped their price objective on shares of Flowserve from $98.00 to $91.00 and set an “outperform” rating on the stock in a report on Friday, May 1st. Weiss Ratings lowered shares of Flowserve from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, May 15th. Finally, TD Cowen cut shares of Flowserve from a “buy” rating to a “hold” rating and reduced their target price for the company from $85.00 to $70.00 in a research note on Wednesday, June 24th. Seven equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $86.70.

Flowserve Stock Up 0.9%

Shares of FLS stock opened at $73.22 on Tuesday. The stock has a market cap of $9.36 billion, a P/E ratio of 27.12, a price-to-earnings-growth ratio of 1.63 and a beta of 1.23. Flowserve Corporation has a one year low of $48.71 and a one year high of $92.41. The stock has a fifty day moving average price of $75.44 and a 200 day moving average price of $76.97. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.22 and a quick ratio of 1.63.

Flowserve (NYSE:FLS) last posted 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. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.17 billion. Flowserve had a net margin of 7.61% and a return on equity of 21.46%. The business’s revenue was down 6.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.72 earnings per share. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. Analysts predict that Flowserve Corporation will post 4.05 earnings per share for the current year.

Flowserve Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be 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 is Friday, June 26th. Flowserve’s dividend payout ratio is 32.59%.

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.