Expect Equity LLC purchased a new position in shares of Flowserve Corporation (NYSE:FLS – Free Report) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 36,794 shares of the industrial products company’s stock, valued at approximately $2,729,000. Flowserve makes up 1.8% of Expect Equity LLC’s portfolio, making the stock its 21st largest position.
Other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. acquired a new position in Flowserve in the second quarter valued at approximately $999,631,000. UBS Group AG boosted its stake in Flowserve by 67.8% in the third 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 last quarter. AQR Capital Management LLC grew its holdings in Flowserve by 9.9% during the 3rd quarter. AQR Capital Management LLC now owns 3,230,118 shares of the industrial products company’s stock worth $171,648,000 after acquiring an additional 290,226 shares during the period. Nuveen LLC grew its holdings in Flowserve by 6.1% during the 4th quarter. Nuveen LLC now owns 2,777,288 shares of the industrial products company’s stock worth $192,688,000 after acquiring an additional 158,661 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Flowserve by 12.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,745,206 shares of the industrial products company’s stock valued at $190,468,000 after acquiring an additional 299,346 shares during the last quarter. 93.93% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts have recently weighed in on the company. Stifel Nicolaus increased their price target on Flowserve from $92.00 to $94.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Robert W. Baird set a $93.00 price objective on Flowserve in a research note on Friday, July 31st. Weiss Ratings upgraded Flowserve from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Royal Bank Of Canada increased their target price on Flowserve from $91.00 to $94.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Finally, The Goldman Sachs Group set a $82.00 target price on Flowserve in a report on Thursday, July 30th. Seven analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Flowserve presently has an average rating of “Moderate Buy” and an average price target of $86.60.
Flowserve Stock Performance
Shares of FLS stock opened at $80.67 on Wednesday. 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 $10.25 billion, a P/E ratio of 28.31, a price-to-earnings-growth ratio of 1.79 and a beta of 1.23. The company’s 50 day moving average price is $75.15 and its two-hundred day moving average price is $77.17. Flowserve Corporation has a 52 week low of $48.71 and a 52 week high of $92.41.
Flowserve (NYSE:FLS – Get Free Report) last released its quarterly earnings results 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. Flowserve had a net margin of 8.01% and a return on equity of 21.42%. The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the prior year, the company earned $0.91 earnings per share. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. Flowserve has set its FY 2026 guidance at 4.050-4.200 EPS. On average, analysts expect that Flowserve Corporation will post 4.1 earnings per share for the current fiscal year.
About Flowserve
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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