Flowserve Corporation $FLS Shares Sold by Aristotle Capital Boston LLC

Aristotle Capital Boston LLC lessened its holdings in shares of Flowserve Corporation (NYSE:FLS) by 8.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 107,916 shares of the industrial products company’s stock after selling 9,845 shares during the quarter. Aristotle Capital Boston LLC owned 0.08% of Flowserve worth $7,487,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. JPMorgan Chase & Co. grew its position in Flowserve by 625.5% in the third 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 in the last quarter. Norges Bank acquired a new stake in Flowserve in the fourth quarter valued at approximately $117,964,000. UBS Group AG grew its position in Flowserve by 67.8% in the third quarter. UBS Group AG now owns 4,146,917 shares of the industrial products company’s stock valued at $220,367,000 after acquiring an additional 1,676,284 shares in the last quarter. Merewether Investment Management LP acquired a new stake in Flowserve in the second quarter valued at approximately $46,555,000. Finally, Amundi grew its position 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 acquiring an additional 843,995 shares in the last quarter. Institutional investors and hedge funds own 93.93% of the company’s stock.

Flowserve Price Performance

Shares of Flowserve stock opened at $79.00 on Thursday. The company has a current ratio of 2.22, a quick ratio of 1.63 and a debt-to-equity ratio of 0.73. The company’s 50-day moving average price is $76.09 and its two-hundred day moving average price is $76.63. Flowserve Corporation has a 52 week low of $45.11 and a 52 week high of $92.41. The stock has a market cap of $10.10 billion, a PE ratio of 29.26, a price-to-earnings-growth ratio of 1.81 and a beta of 1.22.

Flowserve (NYSE:FLS) last issued 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. Flowserve had a return on equity of 21.46% and a net margin of 7.61%.The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter last year, the business posted $0.72 EPS. Flowserve’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. As a group, sell-side analysts anticipate that Flowserve Corporation will post 4.05 EPS 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 issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.1%. The ex-dividend date is Friday, June 26th. Flowserve’s payout ratio is 32.59%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Citigroup reissued a “buy” rating on shares of Flowserve in a research report on Thursday, April 30th. The Goldman Sachs Group reissued a “neutral” rating and set a $83.00 price target on shares of Flowserve in a research report on Thursday, April 30th. Stifel Nicolaus set a $92.00 price target on shares of Flowserve in a research report on Friday, May 1st. Wall Street Zen downgraded shares of Flowserve from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Finally, Royal Bank Of Canada decreased their price target on shares of Flowserve from $98.00 to $91.00 and set an “outperform” rating for the company in a research report on Friday, May 1st. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $87.70.

Insiders Place Their Bets

In related news, Director Brian D. Savoy acquired 1,000 shares of the stock in a transaction dated 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 completion of the purchase, the director owned 1,000 shares in the company, 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 accessible through this hyperlink. Company insiders own 0.71% of the company’s stock.

Flowserve 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.