Hillsdale Investment Management Inc. Makes New $3.03 Million Investment in Flowserve Corporation $FLS

Hillsdale Investment Management Inc. acquired a new stake in Flowserve Corporation (NYSE:FLS) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 57,100 shares of the industrial products company’s stock, valued at approximately $3,034,000.

Several other institutional investors have also recently made changes to their positions in the business. First Horizon Advisors Inc. acquired a new position in Flowserve during the second quarter valued at $26,000. Hantz Financial Services Inc. raised its stake in shares of Flowserve by 149.8% during the 2nd quarter. Hantz Financial Services Inc. now owns 697 shares of the industrial products company’s stock valued at $36,000 after buying an additional 418 shares during the last quarter. Bruce G. Allen Investments LLC acquired a new position in shares of Flowserve in the 3rd quarter valued at about $40,000. Toth Financial Advisory Corp purchased a new stake in shares of Flowserve in the third quarter worth about $53,000. Finally, CENTRAL TRUST Co purchased a new stake in shares of Flowserve in the third quarter worth about $61,000. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Flowserve Stock Performance

NYSE:FLS opened at $88.90 on Monday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.50 and a current ratio of 2.03. The stock has a market capitalization of $11.31 billion, a PE ratio of 33.93, a P/E/G ratio of 1.96 and a beta of 1.29. Flowserve Corporation has a fifty-two week low of $37.34 and a fifty-two week high of $91.31. The company has a fifty day moving average of $77.18 and a two-hundred day moving average of $65.60.

Flowserve (NYSE:FLS) last announced its earnings results on Thursday, February 5th. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $1.26 billion. During the same quarter last year, the business earned $0.70 earnings per share. 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. As a group, research analysts forecast that Flowserve Corporation will post 3.18 earnings per share for the current fiscal year.

Flowserve Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Friday, March 27th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.0%. 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%.

Wall Street Analysts Forecast Growth

FLS has been the subject of a number of analyst reports. Bank of America reissued a “neutral” rating and issued a $73.00 price target (up from $60.00) on shares of Flowserve in a report on Friday, November 14th. TD Cowen reiterated a “buy” rating on shares of Flowserve in a research note on Thursday. Jefferies Financial Group increased their price target on shares of Flowserve from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Wednesday, December 10th. Mizuho lifted their price objective on shares of Flowserve from $74.00 to $91.00 and gave the company an “outperform” rating in a report on Monday, February 9th. Finally, Wall Street Zen downgraded shares of Flowserve from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Eight investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.