Diversified Trust Co. Raises Stock Holdings in Flowserve Corporation $FLS

Diversified Trust Co. increased its holdings in shares of Flowserve Corporation (NYSE:FLS) by 22.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 48,338 shares of the industrial products company’s stock after acquiring an additional 9,005 shares during the quarter. Diversified Trust Co.’s holdings in Flowserve were worth $3,354,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BOKF NA purchased a new stake in shares of Flowserve during the 3rd quarter valued at $28,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Flowserve in the 3rd quarter worth about $36,000. Bruce G. Allen Investments LLC purchased a new position in shares of Flowserve in the 3rd quarter worth about $40,000. IFP Advisors Inc grew its position 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 during the period. Finally, Parallel Advisors LLC grew its position 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 during the period. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Flowserve Price Performance

NYSE FLS opened at $75.49 on Wednesday. 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 company has a market cap of $9.61 billion, a PE ratio of 28.81, a price-to-earnings-growth ratio of 1.65 and a beta of 1.27. Flowserve Corporation has a 52 week low of $37.34 and a 52 week high of $92.41. The firm’s 50-day simple moving average is $81.04 and its two-hundred day simple moving average is $69.75.

Flowserve (NYSE:FLS) last posted its earnings results on Thursday, February 5th. The industrial products company reported $1.11 earnings per share for the quarter, topping 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 firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter last year, the company earned $0.70 earnings per share. The company’s revenue was up 3.5% on a year-over-year basis. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. Research analysts predict that Flowserve Corporation will post 3.18 earnings per share for the current year.

Flowserve Increases Dividend

The firm 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 represents a $0.88 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, March 27th. This is a positive change from Flowserve’s previous quarterly dividend of $0.21. Flowserve’s payout ratio is presently 32.06%.

Analysts Set New Price Targets

FLS has been the topic of several research reports. Royal Bank Of Canada lifted their price objective on shares of Flowserve from $83.00 to $96.00 and gave the stock an “outperform” rating in a research report on Monday, February 9th. Robert W. Baird set a $98.00 target price on shares of Flowserve in a research report 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 report on Wednesday, December 10th. Zacks Research upgraded Flowserve from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 2nd. Finally, Mizuho increased their price objective on Flowserve from $74.00 to $91.00 and gave the company an “outperform” rating in a report on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $88.80.

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.