NFJ Investment Group LLC purchased a new position in shares of Flowserve Corporation (NYSE:FLS – Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 352,462 shares of the industrial products company’s stock, valued at approximately $26,139,000. NFJ Investment Group LLC owned 0.28% of Flowserve at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. BOKF NA bought a new position in Flowserve in the 3rd quarter valued at $28,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Flowserve during the 2nd quarter worth $34,000. Atlas Capital Advisors Inc. bought a new stake in shares of Flowserve during the 4th quarter worth $36,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Flowserve during the 3rd quarter worth $36,000. Finally, Global Retirement Partners LLC purchased a new position in shares of Flowserve in the 2nd quarter worth about $38,000. Hedge funds and other institutional investors own 93.93% of the company’s stock.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on FLS shares. The Goldman Sachs Group set a $82.00 price target on shares of Flowserve in a research report on Thursday, July 30th. Stifel Nicolaus lifted their price objective on shares of Flowserve from $92.00 to $94.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Robert W. Baird set a $93.00 target price on shares of Flowserve in a research note on Friday, July 31st. Citigroup reissued a “buy” rating on shares of Flowserve in a research report on Thursday, April 30th. Finally, Royal Bank Of Canada raised their price target on shares of Flowserve from $91.00 to $94.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Seven research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $86.60.
Flowserve Stock Up 0.3%
FLS stock opened at $78.14 on Friday. 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 company has a market capitalization of $9.93 billion, a price-to-earnings ratio of 27.42, a PEG ratio of 1.73 and a beta of 1.23. Flowserve Corporation has a fifty-two week low of $48.71 and a fifty-two week high of $92.41. The stock has a fifty day moving average of $75.10 and a 200-day moving average of $77.15.
Flowserve (NYSE:FLS – Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.09. Flowserve had a return on equity of 21.42% and a net margin of 8.01%.The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same quarter last year, the firm posted $0.91 EPS. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. Flowserve has set its FY 2026 guidance at 4.050-4.200 EPS. As a group, equities research analysts predict that Flowserve Corporation will post 4.1 earnings per share for the current year.
Trending Headlines about Flowserve
Here are the key news stories impacting Flowserve this week:
- Positive Sentiment: Zacks Research increased its FY2026 EPS estimate for Flowserve to $4.08 from $4.03, FY2027 to $4.61 from $4.59 and FY2028 to $5.18 from $5.13. It also raised Q4 2026 EPS to $1.27 from $1.25, Q4 2027 to $1.45 from $1.37 and Q2 2028 to $1.16 from $1.15. The upgrades suggest improving expectations for Flowserve’s longer-term earnings growth.
- Positive Sentiment: Industry conditions appear supportive. Zacks said increased manufacturing activity, technological progress and strategic acquisitions are strengthening the general industrial manufacturing sector, naming FLS among stocks positioned to benefit. 4 Industrial Manufacturing Stocks to Gain on Robust Industry Trends
- Positive Sentiment: The broader Zacks industry outlook also highlighted Flowserve alongside Dover, Applied Industrial Technologies and Generac as companies that could benefit from favorable general industrial trends. Zacks Industry Outlook Dover, Applied Industrial, Generac and Flowserve
- Neutral Sentiment: Zacks lowered its Q3 2026 EPS forecast to $1.01 from $1.04, indicating some pressure or caution in the immediate earnings outlook. Its revised FY2026 estimate of $4.08 is also slightly below the $4.10 consensus forecast.
- Neutral Sentiment: A recent roundup of second-quarter results for gas- and liquid-handling companies included Flowserve, but the available report details do not indicate a new company-specific catalyst. Q2 earnings roundup: Flowserve and the gas and liquid handling segment
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.
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