Cookson Peirce & Co. Inc. Takes Position in Flowserve Corporation $FLS

Cookson Peirce & Co. Inc. bought a new stake in shares of Flowserve Corporation (NYSE:FLS) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 14,663 shares of the industrial products company’s stock, valued at approximately $779,000.

A number of other large investors have also bought and sold shares of the stock. First Horizon Advisors Inc. bought a new stake in Flowserve in the second quarter valued at approximately $26,000. IFP Advisors Inc increased its stake in shares of Flowserve by 1,289.6% in the second quarter. IFP Advisors Inc now owns 667 shares of the industrial products company’s stock worth $35,000 after buying an additional 619 shares during the period. Hantz Financial Services Inc. raised its holdings in Flowserve by 149.8% during the 2nd quarter. Hantz Financial Services Inc. now owns 697 shares of the industrial products company’s stock valued at $36,000 after buying an additional 418 shares during the last quarter. Bruce G. Allen Investments LLC bought a new stake in Flowserve during the 3rd quarter valued at $40,000. Finally, Toth Financial Advisory Corp purchased a new stake in Flowserve during the 3rd quarter valued at $53,000. 93.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on FLS shares. Zacks Research cut shares of Flowserve from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 21st. TD Cowen reissued a “buy” rating on shares of Flowserve in a research note on Tuesday, November 4th. Citigroup upped their price target on Flowserve from $85.00 to $98.00 and gave the company a “buy” rating in a research report on Monday. The Goldman Sachs Group reiterated a “neutral” rating and issued a $88.00 price objective on shares of Flowserve in a report on Monday. Finally, Wall Street Zen lowered Flowserve from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 28th. Nine research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Flowserve presently has a consensus rating of “Moderate Buy” and a consensus price target of $88.80.

Flowserve Trading Up 3.2%

NYSE:FLS opened at $89.76 on Friday. The firm has a market capitalization of $11.41 billion, a P/E ratio of 34.26, a PEG ratio of 1.93 and a beta of 1.29. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.03 and a quick ratio of 1.50. Flowserve Corporation has a one year low of $37.34 and a one year high of $90.48. The company’s 50-day simple moving average is $75.51 and its 200 day simple moving average is $64.26.

Flowserve (NYSE:FLS) last released its earnings results on Thursday, February 5th. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.17. The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.26 billion. Flowserve had a net margin of 7.32% and a return on equity of 21.19%. The business’s revenue was up 3.5% on a year-over-year basis. During the same period last year, the business earned $0.70 earnings per share. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. As a group, analysts forecast that Flowserve Corporation will post 3.18 EPS for the current fiscal year.

Flowserve Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Friday, March 27th will be given a $0.22 dividend. The ex-dividend date of this dividend is Friday, March 27th. This represents a $0.88 annualized dividend and a dividend yield of 1.0%. This is a boost from Flowserve’s previous quarterly dividend of $0.21. Flowserve’s payout ratio is presently 32.06%.

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.