Exchange Traded Concepts LLC Buys 20,725 Shares of Flowserve Corporation $FLS

Exchange Traded Concepts LLC boosted its stake in shares of Flowserve Corporation (NYSE:FLS) by 19.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 128,436 shares of the industrial products company’s stock after acquiring an additional 20,725 shares during the quarter. Exchange Traded Concepts LLC owned 0.10% of Flowserve worth $8,911,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Goldman Sachs Group Inc. boosted its stake in shares of Flowserve by 48.2% during the first quarter. Goldman Sachs Group Inc. now owns 471,893 shares of the industrial products company’s stock valued at $23,047,000 after purchasing an additional 153,553 shares during the period. Sivia Capital Partners LLC purchased a new position in shares of Flowserve in the second quarter worth $313,000. Creative Planning raised its holdings in Flowserve by 99.7% during the 2nd quarter. Creative Planning now owns 17,576 shares of the industrial products company’s stock valued at $920,000 after buying an additional 8,777 shares during the last quarter. Cetera Investment Advisers raised its holdings in Flowserve by 102.6% during the 2nd quarter. Cetera Investment Advisers now owns 32,116 shares of the industrial products company’s stock valued at $1,681,000 after buying an additional 16,262 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its position in Flowserve by 2.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 256,304 shares of the industrial products company’s stock valued at $13,419,000 after buying an additional 4,905 shares during the period. 93.93% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on FLS shares. TD Cowen reissued a “buy” rating on shares of Flowserve in a report on Thursday, February 19th. Stifel Nicolaus increased their target price on shares of Flowserve from $87.00 to $97.00 and gave the stock a “buy” rating in a report on Monday, February 9th. Weiss Ratings cut Flowserve from a “buy (b-)” rating to a “hold (c)” rating in a research note on Wednesday, February 18th. Robert W. Baird set a $98.00 price target on Flowserve in a report on Monday, February 9th. Finally, 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, February 9th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $88.80.

Flowserve Stock Down 0.1%

Shares of NYSE FLS opened at $72.07 on Monday. The firm has a fifty day simple moving average of $80.89 and a two-hundred day simple moving average of $70.13. Flowserve Corporation has a 12 month low of $37.34 and a 12 month high of $92.41. The company has a current ratio of 2.03, a quick ratio of 1.50 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $9.17 billion, a PE ratio of 27.51, a price-to-earnings-growth ratio of 1.60 and a beta of 1.26.

Flowserve (NYSE:FLS) last announced its earnings results on Thursday, February 5th. The industrial products company reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.17. Flowserve had a net margin of 7.32% and a return on equity of 21.19%. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the previous year, the firm posted $0.70 EPS. The company’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. Equities analysts expect that Flowserve Corporation will post 3.18 earnings per share for the current year.

Flowserve Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Friday, March 27th will be issued a dividend of $0.22 per share. This is a positive change from Flowserve’s previous quarterly dividend of $0.21. The ex-dividend date is Friday, March 27th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.2%. Flowserve’s dividend payout ratio (DPR) is currently 33.59%.

Flowserve Company 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.