Entropy Technologies LP Trims Stock Position in Flowserve Corporation $FLS

Entropy Technologies LP trimmed its stake in shares of Flowserve Corporation (NYSE:FLS) by 32.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,487 shares of the industrial products company’s stock after selling 9,812 shares during the quarter. Entropy Technologies LP’s holdings in Flowserve were worth $1,506,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Atlas Capital Advisors Inc. purchased a new stake in shares of Flowserve during the fourth quarter worth approximately $36,000. BOKF NA purchased a new position in Flowserve in the 3rd quarter valued at $28,000. Measured Wealth Private Client Group LLC purchased a new position in Flowserve in the 3rd quarter valued at $36,000. IFP Advisors Inc increased its stake in Flowserve by 24.4% in the 3rd 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 during the period. Finally, Root Financial Partners LLC increased its stake in Flowserve by 96.7% in the 1st quarter. Root Financial Partners LLC now owns 944 shares of the industrial products company’s stock valued at $69,000 after buying an additional 464 shares during the period. 93.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Brian D. Savoy acquired 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The shares were purchased at an average price of $67.34 per share, with a total value of $67,340.00. Following the completion of the acquisition, the director owned 1,000 shares in the company, valued at approximately $67,340. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.71% of the company’s stock.

Flowserve Trading Up 0.3%

NYSE:FLS opened at $72.63 on Tuesday. The stock has a fifty day moving average price of $73.25 and a two-hundred day moving average price of $76.89. The stock has a market capitalization of $9.28 billion, a price-to-earnings ratio of 26.90, a PEG ratio of 1.63 and a beta of 1.23. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.63 and a current ratio of 2.22. Flowserve Corporation has a 1 year low of $48.71 and a 1 year high of $92.41.

Flowserve (NYSE:FLS) last issued its earnings results on Wednesday, April 29th. The industrial products company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.82 by $0.03. Flowserve had a net margin of 7.61% and a return on equity of 21.46%. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same period in the previous year, the firm earned $0.72 EPS. The business’s revenue was down 6.7% on a year-over-year basis. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. As a group, sell-side analysts anticipate that Flowserve Corporation will post 4.04 earnings per share for the current fiscal year.

Flowserve Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Friday, June 26th were paid a $0.22 dividend. The ex-dividend date was Friday, June 26th. This represents a $0.88 annualized dividend and a dividend yield of 1.2%. Flowserve’s dividend payout ratio (DPR) is 32.59%.

Analyst Ratings Changes

Several research firms have recently commented on FLS. The Goldman Sachs Group restated a “neutral” rating and issued a $83.00 target price on shares of Flowserve in a research note on Thursday, April 30th. Zacks Research lowered shares of Flowserve from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 15th. Jefferies Financial Group reissued a “buy” rating and set a $90.00 price target (down from $100.00) on shares of Flowserve in a report on Tuesday, March 31st. Stifel Nicolaus set a $92.00 price target on shares of Flowserve in a report on Friday, May 1st. Finally, Royal Bank Of Canada reduced their price objective on shares of Flowserve from $98.00 to $91.00 and set an “outperform” rating for the company in a research report on Friday, May 1st. Seven research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Flowserve presently has a consensus rating of “Moderate Buy” and a consensus price target of $86.70.

Flowserve 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.