19,300 Shares in Flowserve Corporation $FLS Bought by Advisors Preferred LLC

Advisors Preferred LLC bought a new stake in shares of Flowserve Corporation (NYSE:FLS) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 19,300 shares of the industrial products company’s stock, valued at approximately $1,018,000.

A number of other institutional investors have also recently bought and sold shares of FLS. Boston Partners acquired a new stake in Flowserve during the 2nd quarter worth about $223,561,000. Massachusetts Financial Services Co. MA raised its holdings in shares of Flowserve by 104.4% during 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 period. JPMorgan Chase & Co. raised its holdings in shares of Flowserve by 625.5% during the third quarter. JPMorgan Chase & Co. now owns 2,314,195 shares of the industrial products company’s stock valued at $122,978,000 after acquiring an additional 1,995,221 shares during the period. Norges Bank purchased a new stake in shares of Flowserve in the 2nd quarter valued at approximately $88,247,000. Finally, Third Point LLC acquired a new position in Flowserve in the 2nd quarter worth approximately $62,558,000. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Flowserve Stock Up 0.8%

FLS stock opened at $88.90 on Friday. The firm has a market cap of $11.31 billion, a PE ratio of 33.93, a PEG ratio of 1.98 and a beta of 1.29. Flowserve Corporation has a 1 year low of $37.34 and a 1 year high of $91.31. The company has a fifty day simple moving average of $77.18 and a 200 day simple moving average of $65.52. 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 posted its earnings results on Thursday, February 5th. The industrial products company reported $1.11 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $1.26 billion. During the same period last year, the company earned $0.70 earnings per share. The business’s revenue was up 3.5% compared to the same quarter last year. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. Sell-side analysts anticipate that Flowserve Corporation will post 3.18 EPS for the current fiscal year.

Flowserve Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Friday, March 27th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend 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 yield of 1.0%. Flowserve’s dividend payout ratio (DPR) is currently 32.06%.

Wall Street Analyst Weigh In

Several analysts have issued reports on FLS shares. TD Cowen reissued a “buy” rating on shares of Flowserve in a research note on Thursday. The Goldman Sachs Group reiterated a “neutral” rating and set a $88.00 price target on shares of Flowserve in a report on Monday, February 9th. Citigroup increased their price objective on Flowserve from $85.00 to $98.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. Jefferies Financial Group raised their price objective on Flowserve from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Wednesday, December 10th. Finally, Mizuho lifted their target price on Flowserve from $74.00 to $91.00 and gave the company an “outperform” rating in a research note on Monday, February 9th. Eight equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently 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.