Paradice Investment Management LLC Grows Stake in Flowserve Corporation $FLS

Paradice Investment Management LLC increased its position in Flowserve Corporation (NYSE:FLS) by 52.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 516,510 shares of the industrial products company’s stock after buying an additional 178,356 shares during the period. Flowserve accounts for approximately 7.0% of Paradice Investment Management LLC’s investment portfolio, making the stock its 5th biggest holding. Paradice Investment Management LLC owned about 0.41% of Flowserve worth $35,835,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FLS. BOKF NA bought a new position in Flowserve in the third quarter worth approximately $28,000. Measured Wealth Private Client Group LLC acquired a new stake in Flowserve in the third quarter valued at approximately $36,000. Bruce G. Allen Investments LLC bought a new stake in shares of Flowserve during the third quarter valued at approximately $40,000. IFP Advisors Inc increased its holdings 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 valued at $46,000 after acquiring an additional 163 shares in the last quarter. Finally, Parallel Advisors LLC raised its position in shares of Flowserve by 20.1% during the third quarter. Parallel Advisors LLC now owns 968 shares of the industrial products company’s stock worth $51,000 after purchasing an additional 162 shares during the period. 93.93% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

FLS has been the topic of a number of recent research reports. Wall Street Zen cut Flowserve from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 15th. Royal Bank Of Canada boosted their price target on shares of Flowserve from $83.00 to $96.00 and gave the company an “outperform” rating in a research note on Monday, February 9th. Mizuho upped their price objective on shares of Flowserve from $74.00 to $91.00 and gave the stock an “outperform” rating in a report on Monday, February 9th. Jefferies Financial Group reaffirmed 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. Finally, Weiss Ratings cut shares of Flowserve from a “buy (b-)” rating to a “hold (c)” rating in a report on Wednesday, February 18th. Eight research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Flowserve currently has a consensus rating of “Moderate Buy” and a consensus price target of $89.70.

Flowserve Stock Down 1.0%

Shares of NYSE:FLS opened at $81.94 on Friday. The stock has a market cap of $10.47 billion, a price-to-earnings ratio of 31.27, a PEG ratio of 1.84 and a beta of 1.33. The company has a quick ratio of 1.50, a current ratio of 2.03 and a debt-to-equity ratio of 0.68. Flowserve Corporation has a 12-month low of $42.07 and a 12-month high of $92.41. The business’s 50 day moving average is $80.60 and its 200 day moving average is $73.14.

Flowserve (NYSE:FLS) last released its quarterly earnings results on Thursday, February 5th. The industrial products company reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.17. Flowserve had a return on equity of 21.19% and a net margin of 7.32%.The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same period in the prior year, the firm posted $0.70 EPS. Flowserve’s quarterly revenue was up 3.5% compared to the same quarter last year. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. On average, sell-side analysts forecast that Flowserve Corporation will post 4.09 earnings per share for the current fiscal year.

Flowserve Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Friday, March 27th were issued a $0.22 dividend. This is an increase from Flowserve’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Friday, March 27th. Flowserve’s dividend payout ratio is currently 33.59%.

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.