Cookson Peirce & Co. Inc. Has $1.82 Million Holdings in Flowserve Corporation $FLS

Cookson Peirce & Co. Inc. cut its holdings in shares of Flowserve Corporation (NYSE:FLS) by 93.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,533 shares of the industrial products company’s stock after selling 326,156 shares during the period. Cookson Peirce & Co. Inc.’s holdings in Flowserve were worth $1,819,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Van ECK Associates Corp increased its holdings in shares of Flowserve by 4.2% in the second quarter. Van ECK Associates Corp now owns 102,497 shares of the industrial products company’s stock worth $7,601,000 after acquiring an additional 4,114 shares in the last quarter. Comprehensive Money Management Services LLC acquired a new position in shares of Flowserve in the 2nd quarter valued at approximately $736,000. United Capital Financial Advisors LLC acquired a new position in shares of Flowserve in the 2nd quarter valued at approximately $467,000. Centaurus Financial Inc. bought a new stake in Flowserve during the 2nd quarter worth approximately $1,291,000. Finally, Public Employees Retirement System of Ohio bought a new stake in Flowserve during the 2nd quarter worth approximately $3,043,000. 93.93% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Weiss Ratings lowered shares of Flowserve from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday. Robert W. Baird set a $93.00 price objective on shares of Flowserve in a research report on Friday, July 31st. Stifel Nicolaus raised their price objective on shares of Flowserve from $92.00 to $94.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Royal Bank Of Canada boosted their price objective on shares of Flowserve from $91.00 to $94.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Finally, The Goldman Sachs Group set a $82.00 target price on shares of Flowserve in a research note on Thursday, July 30th. Six investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $86.60.

Flowserve Trading Down 1.8%

Shares of NYSE:FLS opened at $80.49 on Friday. The company’s 50-day moving average price is $75.20 and its two-hundred day moving average price is $77.19. Flowserve Corporation has a one year low of $48.71 and a one year high of $92.41. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.15 and a quick ratio of 1.58. The stock has a market capitalization of $10.23 billion, a PE ratio of 28.24, a price-to-earnings-growth ratio of 1.79 and a beta of 1.23.

Flowserve (NYSE:FLS) last announced its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.09. The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Flowserve had a return on equity of 21.42% and a net margin of 8.01%.Flowserve’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.91 EPS. Flowserve has set its FY 2026 guidance at 4.050-4.200 EPS. On average, equities analysts forecast that Flowserve Corporation will post 4.1 EPS for the current fiscal year.

Flowserve Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Friday, September 25th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Friday, September 25th. This represents a $0.88 annualized dividend and a dividend yield of 1.1%. Flowserve’s payout ratio is 30.88%.

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.