Flowserve Corporation $FLS Shares Bought by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in shares of Flowserve Corporation (NYSE:FLS) by 35.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 136,013 shares of the industrial products company’s stock after acquiring an additional 35,955 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.10% of Flowserve worth $7,228,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. TD Private Client Wealth LLC purchased a new position in Flowserve in the second quarter valued at about $25,000. First Horizon Advisors Inc. purchased a new stake in shares of Flowserve during the 2nd quarter valued at about $26,000. Hilltop National Bank acquired a new position in Flowserve during the 2nd quarter worth approximately $31,000. IFP Advisors Inc lifted its position in Flowserve by 1,289.6% during the 2nd quarter. IFP Advisors Inc now owns 667 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 619 shares in the last quarter. Finally, Hantz Financial Services Inc. grew its position in Flowserve by 149.8% in the second quarter. Hantz Financial Services Inc. now owns 697 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 418 shares in the last quarter. 93.93% of the stock is owned by hedge funds and other institutional investors.

Flowserve Price Performance

FLS opened at $77.84 on Monday. The company has a market capitalization of $9.89 billion, a P/E ratio of 22.63, a PEG ratio of 1.39 and a beta of 1.29. The company has a 50-day moving average of $71.74 and a 200-day moving average of $61.48. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.54 and a current ratio of 2.10. Flowserve Corporation has a 1-year low of $37.34 and a 1-year high of $78.80.

Flowserve (NYSE:FLS) last posted its quarterly earnings results on Tuesday, October 28th. The industrial products company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.10. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.21 billion. Flowserve had a return on equity of 19.41% and a net margin of 9.66%.The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period last year, the firm earned $0.62 earnings per share. Flowserve has set its FY 2025 guidance at 3.400-3.500 EPS. Equities analysts expect that Flowserve Corporation will post 3.18 EPS for the current fiscal year.

Flowserve Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Friday, December 26th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, December 26th. Flowserve’s dividend payout ratio is currently 24.42%.

Insider Buying and Selling

In related news, insider Lamar L. Duhon sold 1,609 shares of the firm’s stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $69.51, for a total transaction of $111,841.59. Following the transaction, the insider directly owned 15,116 shares in the company, valued at $1,050,713.16. This trade represents a 9.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Amy B. Schwetz sold 47,000 shares of the business’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $71.02, for a total transaction of $3,337,940.00. Following the sale, the chief financial officer owned 52,628 shares of the company’s stock, valued at approximately $3,737,640.56. The trade was a 47.18% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 59,276 shares of company stock worth $4,196,578 over the last ninety days. 0.72% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on FLS shares. UBS Group boosted their target price on shares of Flowserve from $65.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. Wall Street Zen downgraded shares of Flowserve from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 28th. The Goldman Sachs Group boosted their price objective on shares of Flowserve from $71.00 to $80.00 and gave the stock a “neutral” rating in a report on Tuesday, December 16th. TD Cowen restated a “buy” rating on shares of Flowserve in a research note on Tuesday, November 4th. Finally, Bank of America reiterated a “neutral” rating and issued a $73.00 price target (up previously from $60.00) on shares of Flowserve in a research note on Friday, November 14th. Nine equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $79.90.

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.