Envestnet Asset Management Inc. Boosts Holdings in Flowserve Corporation $FLS

Envestnet Asset Management Inc. boosted its position in shares of Flowserve Corporation (NYSE:FLS) by 13.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 263,336 shares of the industrial products company’s stock after purchasing an additional 31,503 shares during the quarter. Envestnet Asset Management Inc. owned about 0.21% of Flowserve worth $13,994,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. VIRGINIA RETIREMENT SYSTEMS ET Al grew its holdings in shares of Flowserve by 0.5% during the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 44,128 shares of the industrial products company’s stock valued at $2,345,000 after buying an additional 200 shares during the last quarter. KLP Kapitalforvaltning AS lifted its position in Flowserve by 0.7% in the 3rd quarter. KLP Kapitalforvaltning AS now owns 27,300 shares of the industrial products company’s stock valued at $1,456,000 after acquiring an additional 200 shares in the last quarter. KPP Advisory Services LLC boosted its stake in Flowserve by 2.3% during the 2nd quarter. KPP Advisory Services LLC now owns 9,809 shares of the industrial products company’s stock valued at $514,000 after purchasing an additional 222 shares during the last quarter. Arizona State Retirement System boosted its stake in Flowserve by 0.7% during the 3rd quarter. Arizona State Retirement System now owns 38,689 shares of the industrial products company’s stock valued at $2,056,000 after purchasing an additional 263 shares during the last quarter. Finally, MJP Associates Inc. ADV increased its holdings in shares of Flowserve by 6.2% in the 2nd quarter. MJP Associates Inc. ADV now owns 4,580 shares of the industrial products company’s stock worth $240,000 after purchasing an additional 266 shares in the last quarter. 93.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on FLS shares. TD Cowen reaffirmed a “buy” rating on shares of Flowserve in a report on Tuesday, November 4th. Royal Bank Of Canada boosted their target price on Flowserve from $83.00 to $96.00 and gave the stock an “outperform” rating in a research report on Monday, February 9th. Citigroup raised their price target on shares of Flowserve from $85.00 to $98.00 and gave the company a “buy” rating in a report on Monday, February 9th. Stifel Nicolaus lifted their price target on shares of Flowserve from $87.00 to $97.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. Finally, 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. Nine research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $88.80.

Flowserve Stock Up 3.2%

FLS opened at $89.76 on Tuesday. The firm’s 50 day simple moving average is $75.88 and its two-hundred day simple moving average is $64.62. The company has a market capitalization of $11.41 billion, a PE ratio of 34.26, a PEG ratio of 1.99 and a beta of 1.29. Flowserve Corporation has a 1-year low of $37.34 and a 1-year high of $90.48. The company has a current ratio of 2.03, a quick ratio of 1.50 and a debt-to-equity ratio of 0.68.

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

Flowserve Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Friday, March 27th will be given a $0.22 dividend. The ex-dividend date is Friday, March 27th. This is an increase from Flowserve’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.0%. Flowserve’s dividend payout ratio (DPR) is currently 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.