Fox Run Management L.L.C. Makes New Investment in Flowserve Corporation $FLS

Fox Run Management L.L.C. acquired a new stake in shares of Flowserve Corporation (NYSE:FLS) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 33,930 shares of the industrial products company’s stock, valued at approximately $1,803,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its stake in Flowserve by 3.9% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 4,181 shares of the industrial products company’s stock valued at $222,000 after purchasing an additional 157 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al boosted its stake in Flowserve by 0.5% during the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 44,128 shares of the industrial products company’s stock valued at $2,345,000 after buying an additional 200 shares in the last quarter. KLP Kapitalforvaltning AS boosted its stake in Flowserve by 0.7% during the third quarter. KLP Kapitalforvaltning AS now owns 27,300 shares of the industrial products company’s stock valued at $1,456,000 after buying an additional 200 shares in the last quarter. Arizona State Retirement System grew its holdings in Flowserve by 0.7% during the third quarter. Arizona State Retirement System now owns 38,689 shares of the industrial products company’s stock worth $2,056,000 after acquiring an additional 263 shares during the period. Finally, MJP Associates Inc. ADV raised its position in Flowserve by 6.2% in the second quarter. MJP Associates Inc. ADV now owns 4,580 shares of the industrial products company’s stock worth $240,000 after acquiring an additional 266 shares in the last quarter. Institutional investors own 93.93% of the company’s stock.

Flowserve Stock Performance

Shares of Flowserve stock opened at $90.41 on Wednesday. Flowserve Corporation has a 12 month low of $37.34 and a 12 month high of $91.31. The company has a quick ratio of 1.50, a current ratio of 2.03 and a debt-to-equity ratio of 0.68. The stock has a market cap of $11.50 billion, a PE ratio of 34.51, a price-to-earnings-growth ratio of 1.95 and a beta of 1.29. The business has a fifty day simple moving average of $77.91 and a 200-day simple moving average of $66.13.

Flowserve (NYSE:FLS) last announced its quarterly earnings data on Thursday, February 5th. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.17. Flowserve had a return on equity of 21.19% and a net margin of 7.32%.The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the prior year, the business earned $0.70 EPS. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. On average, sell-side analysts anticipate that Flowserve Corporation will post 3.18 EPS for the current fiscal year.

Flowserve Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Friday, March 27th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Friday, March 27th. This is a positive change from Flowserve’s previous quarterly dividend of $0.21. Flowserve’s payout ratio is currently 32.06%.

Analyst Ratings Changes

Several brokerages have recently issued reports on FLS. Stifel Nicolaus lifted their price objective on shares of Flowserve from $87.00 to $97.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. Jefferies Financial Group lifted their price target on shares of Flowserve from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Wednesday, December 10th. The Goldman Sachs Group reiterated a “neutral” rating and set a $88.00 price objective on shares of Flowserve in a research report on Monday, February 9th. Weiss Ratings lowered Flowserve from a “buy (b-)” rating to a “hold (c)” rating in a research note on Wednesday, February 18th. Finally, Citigroup boosted their target price on Flowserve from $85.00 to $98.00 and gave the stock a “buy” rating in a research report on Monday, February 9th. Eight equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Flowserve has a consensus rating of “Moderate Buy” and an average price target of $88.80.

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.