Aster Capital Management DIFC Ltd Invests $439,000 in Flowserve Corporation $FLS

Aster Capital Management DIFC Ltd purchased a new position in Flowserve Corporation (NYSE:FLS) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 8,262 shares of the industrial products company’s stock, valued at approximately $439,000.

A number of other hedge funds have also bought and sold shares of FLS. First Horizon Advisors Inc. bought a new stake in shares of Flowserve in the 2nd quarter worth about $26,000. Hantz Financial Services Inc. raised its position in Flowserve by 149.8% in the 2nd quarter. Hantz Financial Services Inc. now owns 697 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 418 shares during the period. Bruce G. Allen Investments LLC bought a new stake in Flowserve in the third quarter worth about $40,000. Toth Financial Advisory Corp purchased a new position in shares of Flowserve during the third quarter valued at approximately $53,000. Finally, CENTRAL TRUST Co bought a new position in shares of Flowserve during the third quarter valued at approximately $61,000. Institutional investors own 93.93% of the company’s stock.

Flowserve Stock Down 1.1%

Flowserve stock opened at $88.24 on Friday. Flowserve Corporation has a 1-year low of $37.34 and a 1-year high of $92.41. The business has a fifty day moving average price of $79.11 and a 200-day moving average price of $66.72. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.03 and a quick ratio of 1.50. The stock has a market capitalization of $11.23 billion, a price-to-earnings ratio of 33.68, a PEG ratio of 1.97 and a beta of 1.29.

Flowserve (NYSE:FLS) last released its quarterly earnings results on Thursday, February 5th. The industrial products company reported $1.11 EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $1.26 billion. During the same period last year, the business posted $0.70 earnings per share. The firm’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. Equities research 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. Shareholders of record on Friday, March 27th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Friday, March 27th. This is a positive change from Flowserve’s previous quarterly dividend of $0.21. Flowserve’s dividend payout ratio (DPR) is currently 32.06%.

Analyst Ratings Changes

A number of research firms have recently commented on FLS. Robert W. Baird set a $98.00 price target on shares of Flowserve in a report on Monday, February 9th. Mizuho upped their target price on shares of Flowserve from $74.00 to $91.00 and gave the stock an “outperform” rating in a research note on Monday, February 9th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $88.00 price target on shares of Flowserve in a research note on Monday, February 9th. TD Cowen reiterated a “buy” rating on shares of Flowserve in a report on Thursday, February 19th. Finally, Jefferies Financial Group raised their price objective on Flowserve from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Wednesday, December 10th. Eight analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Flowserve currently has a consensus rating of “Moderate Buy” and a consensus price target 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.