Flowserve Corporation $FLS Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets lifted its stake in shares of Flowserve Corporation (NYSE:FLS) by 467.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 452,808 shares of the industrial products company’s stock after purchasing an additional 373,072 shares during the quarter. BNP Paribas Financial Markets’ holdings in Flowserve were worth $31,416,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in FLS. JPMorgan Chase & Co. increased its position in Flowserve by 625.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,314,195 shares of the industrial products company’s stock valued at $122,978,000 after acquiring an additional 1,995,221 shares during the period. Norges Bank bought a new stake in shares of Flowserve during the 4th quarter worth $117,964,000. UBS Group AG boosted its stake in shares of Flowserve by 67.8% during the 3rd quarter. UBS Group AG now owns 4,146,917 shares of the industrial products company’s stock worth $220,367,000 after acquiring an additional 1,676,284 shares in the last quarter. Merewether Investment Management LP acquired a new stake in shares of Flowserve in the second quarter worth $46,555,000. Finally, William Blair Investment Management LLC boosted its position in shares of Flowserve by 142.4% in the fourth quarter. William Blair Investment Management LLC now owns 1,048,137 shares of the industrial products company’s stock worth $72,720,000 after buying an additional 615,769 shares during the period. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on FLS shares. Zacks Research lowered Flowserve from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 15th. Mizuho lifted their target price on Flowserve from $74.00 to $91.00 and gave the stock an “outperform” rating in a research report on Monday, February 9th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $83.00 price objective on shares of Flowserve in a report on Thursday, April 30th. Citigroup reissued a “buy” rating on shares of Flowserve in a report on Thursday, April 30th. Finally, Wall Street Zen cut shares of Flowserve from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Flowserve presently has an average rating of “Moderate Buy” and an average target price of $87.70.

Insider Activity at Flowserve

In other news, Director Brian D. Savoy purchased 1,000 shares of Flowserve stock in a transaction that occurred on Thursday, May 14th. The shares were acquired at an average price of $67.34 per share, for a total transaction of $67,340.00. Following the transaction, the director owned 1,000 shares of the company’s stock, valued at approximately $67,340. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.71% of the company’s stock.

Flowserve Price Performance

Shares of FLS stock opened at $75.47 on Friday. The firm has a fifty day moving average of $75.56 and a 200-day moving average of $76.07. The firm has a market capitalization of $9.65 billion, a price-to-earnings ratio of 27.95, a price-to-earnings-growth ratio of 1.70 and a beta of 1.22. 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.

Flowserve (NYSE:FLS) last released its earnings results on Wednesday, April 29th. The industrial products company reported $0.85 earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter in the prior year, the company earned $0.72 EPS. The company’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, equities research analysts forecast that Flowserve Corporation will post 4.05 earnings per share for the current year.

Flowserve Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 26th will be issued 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 currently 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.