Allianz Asset Management GmbH Purchases 26,266 Shares of Flowserve Corporation $FLS

Allianz Asset Management GmbH grew its holdings in Flowserve Corporation (NYSE:FLS) by 33.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 103,690 shares of the industrial products company’s stock after purchasing an additional 26,266 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.08% of Flowserve worth $5,510,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Massachusetts Financial Services Co. MA boosted its stake in Flowserve by 104.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 4,333,481 shares of the industrial products company’s stock valued at $230,281,000 after acquiring an additional 2,213,406 shares during the last quarter. Boston Partners acquired a new position in shares of Flowserve in the 2nd quarter valued at $223,561,000. AQR Capital Management LLC boosted its position in shares of Flowserve by 7.2% in the 2nd quarter. AQR Capital Management LLC now owns 2,939,892 shares of the industrial products company’s stock worth $153,903,000 after purchasing an additional 197,406 shares during the last quarter. Fisher Asset Management LLC grew its stake in shares of Flowserve by 78.8% during the second quarter. Fisher Asset Management LLC now owns 1,858,621 shares of the industrial products company’s stock worth $97,299,000 after purchasing an additional 819,206 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in shares of Flowserve by 13.1% during the second quarter. Bank of New York Mellon Corp now owns 1,706,409 shares of the industrial products company’s stock worth $89,331,000 after purchasing an additional 197,757 shares during the period. 93.93% of the stock is owned by institutional investors.

Flowserve Stock Up 1.2%

NYSE:FLS opened at $86.63 on Wednesday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.50 and a current ratio of 2.03. The company has a market cap of $11.01 billion, a PE ratio of 33.07, a PEG ratio of 1.91 and a beta of 1.29. Flowserve Corporation has a 52-week low of $37.34 and a 52-week high of $87.66. The stock has a 50-day simple moving average of $74.54 and a 200 day simple moving average of $63.70.

Flowserve (NYSE:FLS) last released its earnings results on Thursday, February 5th. The industrial products company reported $1.11 EPS for the quarter, beating the consensus estimate of $0.94 by $0.17. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Flowserve had a return on equity of 21.19% and a net margin of 7.32%.The business’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.70 EPS. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. On average, sell-side analysts expect that Flowserve Corporation will post 3.18 EPS for the current fiscal year.

Flowserve Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Friday, December 26th were given a $0.21 dividend. The ex-dividend date of this dividend was Friday, December 26th. This represents a $0.84 dividend on an annualized basis and a yield of 1.0%. Flowserve’s dividend payout ratio (DPR) is 32.06%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on FLS shares. Zacks Research cut Flowserve from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 21st. Jefferies Financial Group boosted their price objective on shares of Flowserve from $80.00 to $85.00 and gave the company a “buy” rating in a report on Wednesday, December 10th. TD Cowen reiterated a “buy” rating on shares of Flowserve in a report on Tuesday, November 4th. Bank of America reissued a “neutral” rating and set a $73.00 price target (up from $60.00) on shares of Flowserve in a research report on Friday, November 14th. Finally, Wall Street Zen cut shares of Flowserve from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 28th. Nine equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Flowserve has an average rating of “Moderate Buy” and a consensus target price of $88.80.

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.