Flowserve Corporation $FLS Shares Purchased by Tidal Investments LLC

by · The Cerbat Gem

Tidal Investments LLC increased its stake in shares of Flowserve Corporation (NYSE:FLS – Free Report) by 419.5% during the 2nd quarter, Holdings Channel reports. The fund owned 70,693 shares of the industrial products company’s stock after purchasing an additional 57,085 shares during the quarter. Tidal Investments LLC’s holdings in Flowserve were worth $5,243,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of FLS. BOKF NA purchased a new stake in Flowserve in the 3rd quarter worth approximately $28,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Flowserve during the 2nd quarter valued at approximately $34,000. Atlas Capital Advisors Inc. purchased a new position in shares of Flowserve during the 4th quarter valued at approximately $36,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Flowserve in the 3rd quarter valued at $36,000. Finally, Global Retirement Partners LLC acquired a new position in shares of Flowserve in the 2nd quarter valued at $38,000. 93.93% of the stock is currently owned by hedge funds and other institutional investors.

Flowserve Trading Down 0.1%

Shares of NYSE:FLS opened at $74.40 on Monday. The business’s 50 day moving average price is $75.54 and its 200-day moving average price is $76.29. Flowserve Corporation has a 1 year low of $48.71 and a 1 year high of $92.41. The firm has a market capitalization of $9.46 billion, a price-to-earnings ratio of 26.11, a price-to-earnings-growth ratio of 1.65 and a beta of 1.25. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.15 and a quick ratio of 1.58.

Flowserve (NYSE:FLS – Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.86 by $0.09. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. Flowserve had a net margin of 8.01% and a return on equity of 21.42%. The firm’s revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.91 EPS. Flowserve has set its FY 2026 guidance at 4.050-4.200 EPS. On average, equities research analysts forecast that Flowserve Corporation will post 4.1 earnings per share for the current fiscal year.

Flowserve Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Friday, September 25th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Friday, September 25th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.2%. Flowserve’s payout ratio is currently 30.88%.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Robert W. Baird set a $93.00 price target on shares of Flowserve in a research report on Friday, July 31st. The Goldman Sachs Group set a $82.00 price objective on shares of Flowserve in a research report on Thursday, July 30th. Weiss Ratings raised shares of Flowserve from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, September 8th. Royal Bank Of Canada raised their target price on Flowserve from $91.00 to $94.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Finally, TD Cowen lowered Flowserve from a “buy” rating to a “hold” rating and cut their price target for the company from $85.00 to $70.00 in a research note on Wednesday, June 24th. Seven analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $86.60.

Get Our Latest Research Report on FLS

Flowserve Profile

(Free Report)

Flowserve Corp. is an industrial manufacturer that designs, manufactures and services flow-control equipment used to move, control and protect fluids in industrial processes. Its product portfolio includes engineered and industrial pumps, valves, mechanical seals, aftermarket parts and related services.

The company serves customers across energy, chemical processing, water, mining, pharmaceutical, power generation and other general industrial markets. Its equipment is used in applications such as oil and gas production, refining, pipeline transportation, power generation and industrial water treatment.

Flowserve traces its corporate heritage to businesses established in the late 18th century and was formed in its current structure through the combination of established pump and flow-control companies.

See Also

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