Eastern Bank Increases Position in Flowserve Corporation $FLS

Posted by Brenda Bartman on Aug 4th, 2026

Eastern Bank boosted its holdings in Flowserve Corporation (NYSE:FLS – Free Report) by 120.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 291,886 shares of the industrial products company’s stock after buying an additional 159,634 shares during the period. Eastern Bank’s holdings in Flowserve were worth $21,646,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FLS. BOKF NA acquired a new stake in shares of Flowserve in the third quarter valued at about $28,000. Atlas Capital Advisors Inc. acquired a new stake in shares of Flowserve in the 4th quarter valued at about $36,000. Measured Wealth Private Client Group LLC acquired a new stake in Flowserve during the third quarter valued at approximately $36,000. IFP Advisors Inc lifted its stake in 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 purchasing an additional 163 shares during the last quarter. Finally, Parallel Advisors LLC lifted its position in shares of Flowserve by 20.1% in the 3rd quarter. Parallel Advisors LLC now owns 968 shares of the industrial products company’s stock worth $51,000 after buying an additional 162 shares during the last quarter. 93.93% of the stock is owned by institutional investors and hedge funds.

Flowserve Stock Up 0.9%

FLS opened at $76.69 on Tuesday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.58 and a current ratio of 2.15. The business has a 50 day moving average price of $73.87 and a 200 day moving average price of $76.93. The firm has a market cap of $9.75 billion, a P/E ratio of 26.91, a price-to-earnings-growth ratio of 1.70 and a beta of 1.23. Flowserve Corporation has a twelve month low of $48.71 and a twelve month high of $92.41.

Flowserve (NYSE:FLS – Get Free Report) last posted its earnings results on Wednesday, July 29th. The industrial products company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.09. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.16 billion. Flowserve had a net margin of 8.01% and a return on equity of 21.42%. Flowserve’s revenue was down 1.6% compared to the same quarter last year. During the same period last year, the business posted $0.91 EPS. Flowserve has set its FY 2026 guidance at 4.050-4.200 EPS. Research analysts forecast that Flowserve Corporation will post 4.07 EPS for the current year.

Flowserve Dividend Announcement

The firm also recently declared 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. The ex-dividend date was Friday, June 26th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.1%. Flowserve’s payout ratio is 30.88%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on FLS. Weiss Ratings cut Flowserve from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, July 28th. The Goldman Sachs Group set a $82.00 target price on shares of Flowserve in a report on Thursday. Stifel Nicolaus increased their price target on Flowserve from $92.00 to $94.00 and gave the company a “buy” rating in a research report on Friday. TD Cowen cut shares of Flowserve from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $85.00 to $70.00 in a research report on Wednesday, June 24th. Finally, Robert W. Baird set a $93.00 price target on shares of Flowserve in a research report on Friday. Six equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $86.60.

View Our Latest Report on Flowserve

Insider Buying and Selling at Flowserve

In other Flowserve news, Director Brian D. Savoy acquired 1,000 shares of Flowserve stock in a transaction dated 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 transaction, the director owned 1,000 shares of the company’s stock, valued at $67,340. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.71% of the company’s stock.

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.