Centaurus Financial Inc. bought a new position in Flowserve Corporation (NYSE:FLS – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 17,406 shares of the industrial products company’s stock, valued at approximately $1,291,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in Flowserve during the second quarter worth approximately $999,631,000. PointState Capital LP bought a new position in shares of Flowserve in the second quarter valued at approximately $196,837,000. Bank of New York Mellon Corp acquired a new stake in shares of Flowserve in the second quarter worth $177,380,000. Bank of America Corp DE bought a new stake in shares of Flowserve during the 2nd quarter worth $144,400,000. Finally, Norges Bank bought a new stake in shares of Flowserve during the 4th quarter worth $117,964,000. 93.93% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
FLS has been the topic of several recent analyst reports. Weiss Ratings downgraded shares of Flowserve from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday. Robert W. Baird set a $93.00 price target on Flowserve in a research report on Friday, July 31st. Royal Bank Of Canada lifted their price objective on Flowserve from $91.00 to $94.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. The Goldman Sachs Group set a $82.00 price objective on Flowserve in a research report on Thursday, July 30th. Finally, Citigroup restated a “buy” rating on shares of Flowserve in a research note on Thursday, April 30th. Six analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $86.60.
Flowserve Price Performance
NYSE:FLS opened at $82.03 on Friday. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.15 and a quick ratio of 1.58. Flowserve Corporation has a one year low of $48.71 and a one year high of $92.41. The company has a fifty day moving average price of $75.23 and a 200 day moving average price of $77.17. The stock has a market cap of $10.43 billion, a P/E ratio of 28.78, a PEG ratio of 1.84 and a beta of 1.23.
Flowserve (NYSE:FLS – Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $0.95 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the previous year, the firm posted $0.91 EPS. The business’s 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. Analysts anticipate that Flowserve Corporation will post 4.1 earnings per share for the current year.
Flowserve Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Friday, September 25th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.1%. The ex-dividend date is Friday, September 25th. Flowserve’s payout ratio is currently 30.88%.
Flowserve 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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