Gamco Investors INC. ET AL Has $78.37 Million Stake in Flowserve Corporation $FLS

Gamco Investors INC. ET AL reduced its position in shares of Flowserve Corporation (NYSE:FLS) by 15.2% during the 1st quarter, HoldingsChannel.com reports. The fund owned 1,066,118 shares of the industrial products company’s stock after selling 191,318 shares during the quarter. Flowserve accounts for 0.8% of Gamco Investors INC. ET AL’s investment portfolio, making the stock its 20th biggest holding. Gamco Investors INC. ET AL’s holdings in Flowserve were worth $78,370,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio grew its position in shares of Flowserve by 4.3% in the 1st quarter. Public Employees Retirement System of Ohio now owns 41,559 shares of the industrial products company’s stock valued at $3,055,000 after acquiring an additional 1,716 shares during the period. Sei Investments Co. increased its stake in shares of Flowserve by 13.5% during the 1st quarter. Sei Investments Co. now owns 362,733 shares of the industrial products company’s stock worth $26,665,000 after purchasing an additional 43,164 shares during the last quarter. Lido Advisors LLC bought a new stake in shares of Flowserve in the 1st quarter valued at about $254,000. Aureus Asset Management LLC bought a new stake in shares of Flowserve in the 1st quarter valued at about $26,345,000. Finally, First Trust Advisors LP lifted its stake in Flowserve by 32.2% in the 1st quarter. First Trust Advisors LP now owns 511,054 shares of the industrial products company’s stock valued at $37,567,000 after purchasing an additional 124,599 shares during the last quarter. Institutional investors and hedge funds own 93.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on FLS shares. Weiss Ratings cut Flowserve from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 15th. Jefferies Financial Group restated a “buy” rating and issued a $90.00 price objective (down from $100.00) on shares of Flowserve in a research note on Tuesday, March 31st. Zacks Research cut Flowserve from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 15th. Citigroup reiterated a “buy” rating on shares of Flowserve in a research note on Thursday, April 30th. Finally, Stifel Nicolaus set a $92.00 target price on Flowserve in a report on Friday, May 1st. Seven investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $86.70.

Insider Activity at Flowserve

In other news, Director Brian D. Savoy bought 1,000 shares of the firm’s stock in a transaction dated Thursday, May 14th. The shares were bought at an average price of $67.34 per share, with a total value of $67,340.00. Following the completion of the transaction, the director owned 1,000 shares of the company’s stock, valued at $67,340. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.71% of the company’s stock.

Flowserve Stock Performance

NYSE FLS opened at $72.31 on Friday. The stock has a market cap of $9.24 billion, a PE ratio of 26.78, a P/E/G ratio of 1.61 and a beta of 1.23. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.63 and a current ratio of 2.22. The firm has a 50-day moving average of $73.12 and a 200-day moving average of $76.86. Flowserve Corporation has a 52-week low of $48.71 and a 52-week high of $92.41.

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. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.17 billion. Flowserve had a net margin of 7.61% and a return on equity of 21.46%. Flowserve’s quarterly revenue was down 6.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.72 EPS. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. On average, sell-side analysts anticipate that Flowserve Corporation will post 4.04 EPS for the current year.

Flowserve Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Friday, June 26th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Friday, June 26th. Flowserve’s payout ratio is currently 32.59%.

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.