Flowserve Corporation $FLS Shares Acquired by Bank of Stockton

Bank of Stockton increased its holdings in Flowserve Corporation (NYSE:FLS) by 55.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 26,071 shares of the industrial products company’s stock after acquiring an additional 9,254 shares during the quarter. Bank of Stockton’s holdings in Flowserve were worth $1,809,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. BOKF NA acquired a new position in shares of Flowserve in the third quarter worth about $28,000. Measured Wealth Private Client Group LLC acquired a new stake in Flowserve during the third quarter valued at approximately $36,000. Bruce G. Allen Investments LLC acquired a new stake in Flowserve during the third quarter valued at approximately $40,000. IFP Advisors Inc raised its stake in Flowserve by 24.4% during the third quarter. IFP Advisors Inc now owns 830 shares of the industrial products company’s stock valued at $46,000 after buying an additional 163 shares in the last quarter. Finally, Parallel Advisors LLC raised its stake in Flowserve by 20.1% during the third quarter. Parallel Advisors LLC now owns 968 shares of the industrial products company’s stock valued at $51,000 after buying an additional 162 shares in the last quarter. Institutional investors and hedge funds own 93.93% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on FLS shares. TD Cowen restated a “buy” rating on shares of Flowserve in a research note on Thursday, February 19th. Mizuho upped their price objective on Flowserve from $74.00 to $91.00 and gave the company an “outperform” rating in a research note on Monday, February 9th. The Goldman Sachs Group restated a “neutral” rating and set a $88.00 price objective on shares of Flowserve in a research note on Monday, February 9th. Royal Bank Of Canada upped their price objective on Flowserve from $83.00 to $96.00 and gave the company an “outperform” rating in a research note on Monday, February 9th. Finally, Zacks Research upgraded Flowserve from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $89.30.

Flowserve Stock Up 0.9%

NYSE:FLS opened at $75.90 on Tuesday. The firm has a market capitalization of $9.66 billion, a PE ratio of 28.97, a price-to-earnings-growth ratio of 1.67 and a beta of 1.33. The stock has a 50 day moving average of $80.49 and a 200-day moving average of $70.87. Flowserve Corporation has a 52 week low of $37.34 and a 52 week 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.

Flowserve (NYSE:FLS) last posted its earnings results on Thursday, February 5th. The industrial products company reported $1.11 EPS for the quarter, beating the consensus estimate of $0.94 by $0.17. The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.26 billion. Flowserve had a return on equity of 21.19% and a net margin of 7.32%.The business’s revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.70 earnings per share. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. Analysts predict that Flowserve Corporation will post 3.18 EPS for the current year.

Flowserve Increases Dividend

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

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.