41,106 Shares in Flowserve Corporation $FLS Bought by OP Asset Management Ltd

Posted by George Bondi on Jun 28th, 2026

OP Asset Management Ltd bought a new stake in shares of Flowserve Corporation (NYSE:FLS – Free Report) during the 1st quarter, Holdings Channel reports. The firm bought 41,106 shares of the industrial products company’s stock, valued at approximately $3,022,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Norges Bank bought a new position in shares of Flowserve in the fourth quarter worth about $117,964,000. UBS Group AG grew its stake in shares of Flowserve by 67.8% during the 3rd 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 during the period. Merewether Investment Management LP bought a new position in shares of Flowserve during the 2nd quarter valued at approximately $46,555,000. T. Rowe Price Investment Management Inc. increased its holdings in Flowserve by 102.7% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,731,665 shares of the industrial products company’s stock worth $120,143,000 after acquiring an additional 877,327 shares in the last quarter. Finally, Amundi raised its stake in Flowserve by 414.3% during the 4th quarter. Amundi now owns 1,047,698 shares of the industrial products company’s stock worth $72,689,000 after acquiring an additional 843,995 shares during the period. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on FLS. Citigroup reaffirmed a “buy” rating on shares of Flowserve in a report on Thursday, April 30th. Royal Bank Of Canada decreased their price objective on shares of Flowserve from $98.00 to $91.00 and set an “outperform” rating on the stock in a research report on Friday, May 1st. Wall Street Zen cut shares of Flowserve from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Zacks Research lowered Flowserve from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 15th. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $83.00 price target on shares of Flowserve in a report on Thursday, April 30th. Seven analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Flowserve currently has a consensus rating of “Moderate Buy” and an average target price of $86.70.

Check Out Our Latest Stock Report on Flowserve

Insider Buying and Selling

In other news, Director Brian D. Savoy purchased 1,000 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The stock was bought at an average cost of $67.34 per share, with a total value of $67,340.00. Following the completion of the purchase, the director owned 1,000 shares in the company, valued at approximately $67,340. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.71% of the company’s stock.

Flowserve Stock Performance

FLS opened at $72.79 on Friday. The stock has a market capitalization of $9.30 billion, a price-to-earnings ratio of 26.96, a PEG ratio of 1.63 and a beta of 1.22. The company has a fifty day moving average of $75.53 and a 200 day moving average of $76.92. Flowserve Corporation has a fifty-two week low of $48.71 and a fifty-two week high of $92.41. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.63 and a current ratio of 2.22.

Flowserve (NYSE:FLS – Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $0.85 earnings per share (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 company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the previous year, the firm posted $0.72 EPS. Flowserve’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. As a group, sell-side analysts forecast that Flowserve Corporation will post 4.05 earnings per share for the current fiscal year.

Flowserve Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, June 26th. Flowserve’s payout ratio is currently 32.59%.

Flowserve Company Profile

(Free Report)

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.