Aptus Capital Advisors LLC Raises Position in Flowserve Corporation $FLS

Aptus Capital Advisors LLC lifted its holdings in shares of Flowserve Corporation (NYSE:FLS) by 15.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 175,483 shares of the industrial products company’s stock after purchasing an additional 23,235 shares during the quarter. Aptus Capital Advisors LLC owned about 0.14% of Flowserve worth $9,325,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. purchased a new stake in Flowserve in the 2nd quarter valued at about $26,000. Hantz Financial Services Inc. raised its stake in Flowserve by 149.8% during the second 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 purchased a new position in Flowserve during the third quarter worth approximately $40,000. Toth Financial Advisory Corp acquired a new position in shares of Flowserve in the 3rd quarter valued at $53,000. Finally, CENTRAL TRUST Co acquired a new position in shares of Flowserve in the 3rd quarter valued at $61,000. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FLS has been the subject of a number of research reports. Citigroup boosted their price target on Flowserve from $85.00 to $98.00 and gave the company a “buy” rating in a research report on Monday, February 9th. Wall Street Zen raised shares of Flowserve from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Mizuho lifted their price target on shares of Flowserve from $74.00 to $91.00 and gave the company an “outperform” rating in a research report on Monday, February 9th. The Goldman Sachs Group reiterated a “neutral” rating and set a $88.00 price objective on shares of Flowserve in a research note on Monday, February 9th. Finally, Stifel Nicolaus raised their target price on shares of Flowserve from $87.00 to $97.00 and gave the company a “buy” rating in a research note on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $88.80.

Flowserve Trading Down 6.3%

NYSE FLS opened at $76.21 on Friday. The company has a market capitalization of $9.70 billion, a price-to-earnings ratio of 29.09, a price-to-earnings-growth ratio of 1.80 and a beta of 1.27. 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 12 month low of $37.34 and a 12 month high of $92.41. The company’s fifty day moving average price is $80.21 and its two-hundred day moving average price is $67.73.

Flowserve (NYSE:FLS) last issued its quarterly earnings results on Thursday, February 5th. The industrial products company reported $1.11 EPS for the quarter, topping the consensus estimate of $0.94 by $0.17. Flowserve had a net margin of 7.32% and a return on equity of 21.19%. The business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter last year, the company posted $0.70 earnings per share. The company’s quarterly 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. As a group, research analysts predict that Flowserve Corporation will post 3.18 earnings per share for the current fiscal year.

Flowserve Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Friday, March 27th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.2%. This is a boost from Flowserve’s previous quarterly dividend of $0.21. The ex-dividend date is Friday, March 27th. Flowserve’s dividend payout ratio (DPR) is 32.06%.

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.