47,150 Shares in Flowserve Corporation $FLS Purchased by Calamos Advisors LLC

Calamos Advisors LLC bought a new stake in shares of Flowserve Corporation (NYSE:FLS) during the 1st quarter, Holdings Channel.com reports. The institutional investor bought 47,150 shares of the industrial products company’s stock, valued at approximately $3,466,000.

A number of other large investors also recently added to or reduced their stakes in FLS. Comprehensive Money Management Services LLC boosted its stake in Flowserve by 1.5% in the 1st quarter. Comprehensive Money Management Services LLC now owns 8,509 shares of the industrial products company’s stock worth $625,000 after purchasing an additional 125 shares during the period. BTC Capital Management Inc. raised its position in shares of Flowserve by 2.5% during the first quarter. BTC Capital Management Inc. now owns 6,531 shares of the industrial products company’s stock valued at $480,000 after buying an additional 162 shares during the last quarter. Parallel Advisors LLC lifted its holdings in shares of 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 buying an additional 162 shares in the last quarter. IFP Advisors Inc boosted its position in shares of 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 last quarter. Finally, Inspire Advisors LLC boosted its position in shares of Flowserve by 3.7% during the fourth quarter. Inspire Advisors LLC now owns 4,667 shares of the industrial products company’s stock worth $324,000 after acquiring an additional 165 shares during the last quarter. 93.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

FLS has been the topic of a number of research reports. Royal Bank Of Canada reduced their price target 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. Wall Street Zen downgraded shares of Flowserve from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Citigroup restated a “buy” rating on shares of Flowserve in a research report on Thursday, April 30th. Zacks Research cut Flowserve from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 15th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $83.00 target price on shares of Flowserve in a research report on Thursday, April 30th. Seven analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $86.70.

Flowserve Stock Performance

Flowserve stock opened at $68.91 on Thursday. The company’s 50-day moving average price is $73.07 and its 200-day moving average price is $76.96. Flowserve Corporation has a twelve month low of $48.71 and a twelve month high of $92.41. The company has a quick ratio of 1.63, a current ratio of 2.22 and a debt-to-equity ratio of 0.73. The company has a market cap of $8.81 billion, a PE ratio of 25.52, a price-to-earnings-growth ratio of 1.57 and a beta of 1.23.

Flowserve (NYSE:FLS) last announced its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.03. Flowserve had a net margin of 7.61% and a return on equity of 21.46%. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter last year, the firm earned $0.72 EPS. The firm’s revenue for the quarter was down 6.7% compared to the same quarter last year. 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 EPS for the current fiscal year.

Flowserve Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Friday, June 26th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, June 26th. Flowserve’s dividend payout ratio (DPR) is presently 32.59%.

Insider Activity at Flowserve

In related news, Director Brian D. Savoy bought 1,000 shares of the company’s stock in a transaction dated 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 acquisition, the director owned 1,000 shares in the company, valued at $67,340. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.71% of the company’s stock.

About Flowserve

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.