Flowserve Corp (FLS) is a prominent multinational corporation that stands as one of the world's leading manufacturers and providers of flow control systems. Established in 1997, this Texas-based company operates in over 55 countries with nearly 19,000 employees worldwide. It earned a reputable name for delivering mission-critical equipment to various industries, specially designed for the severe environments they routinely encounter.
Flowserve specializes in producing industrial pumps, seals, valves, automation, and aftermarket services. Its highly engineered products serve several industries, including oil & gas, power, chemical, water, general industries and more. By perfecting its portfolio over the years, Flowserve has emerged as an industrial standard, meeting a broad array of needs presented by complex industrial processes.
The company is recognized for its relentless commitment to creating sustainable solutions. It develops systems that help customers reduce energy consumption, minimize undesired environmental impact and comply with emissions and environmental standards. This has positioned Flowserve as not just a provider of premium industrial equipment, but also as a partner to companies striving for environmental sustainability.
Beyond its products, Flowserve is known for its culture of corporate responsibility. It aims at creating positive social, economic, and environmental impact. The company adopts a safety-first approach and focuses on employee welfare, training, and development. It is committed to ethical business practices, human rights, and philanthropy. Also, its commitment to diversity and inclusivity is reflected in its global workforce and business practices.
As a public company, Flowserve's shares are available for trading on New York Stock Exchange (NYSE) under the ticker symbol 'FLS'. It is a member of the S&P 500 index, demonstrating its considerable market capitalization and impact on the US economy. Over the years, the company has proven its financial strength and stability, despite the cyclical nature of the industries it serves.
Flowserve thrives due to its ability to adapt to market conditions effectively. The company continually invests in research and development, aiming to provide superior solutions to its customers' evolving needs. This innovation-focused approach, along with its dedication to sustainability and corporate responsibility, places Flowserve Corp (FLS) at the frontline of the global flow control industry.
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Flowserve (NYSE:FLS) shares have fallen below their 50-day moving average, trading at $73.78 against an average of $76.35. Despite this, analyst sentiment remains a "Moderate Buy" with an average price target of $86.60, although TD Cowen recently downgraded the stock and cut its price target to $70. The company reported strong quarterly earnings, beating expectations with $0.95 EPS and $1.17 billion in revenue, and announced a $0.22 quarterly dividend.
Bank of America Corp DE recently acquired 1.95 million shares of Flowserve Corporation (NYSE:FLS), valued at approximately $144.4 million, representing a 1.53% stake in the company. Institutional investors now own 93.93% of Flowserve, which has a "Moderate Buy" consensus rating and an average price target of $86.60 from analysts. Flowserve exceeded its Q2 earnings expectations with $0.95 EPS and $1.17 billion in revenue, and declared a quarterly dividend of $0.22 per share.
HSBC Holdings PLC significantly reduced its stake in Flowserve Corporation (NYSE:FLS) by selling 52,258 shares, leaving them with 5,174 shares worth $384,000. Despite this, institutional ownership in Flowserve remains high at 93.93%, with several other firms increasing their positions. The company received a "Moderate Buy" consensus rating from analysts, exceeded earnings expectations, and declared a quarterly dividend.
Tidal Investments LLC significantly increased its stake in Flowserve Corporation, acquiring 57,085 additional shares. This increase brings their total holding to 70,693 shares, valued at approximately $5.24 million. The article also notes strong institutional ownership, positive analyst ratings, and Flowserve's recent exceeding of earnings expectations.
The California State Teachers Retirement System significantly increased its stake in Flowserve Corporation ($FLS) by 7,209.3%, now owning 10.996 million shares valued at $815.5 million. This move highlights continued institutional investor interest, with 93.93% of the stock held by institutions and hedge funds. Flowserve also reported strong quarterly earnings, beating expectations, and maintains a "Moderate Buy" consensus rating from analysts with an average price target of $86.60.
Amundi increased its stake in Flowserve Corporation by 15.2% in the second quarter, acquiring an additional 145,321 shares to own a total of 1.10 million shares valued at approximately $81.6 million. Flowserve exceeded quarterly earnings expectations with $0.95 EPS and reported $1.17 billion in revenue, though revenue declined year-over-year. The company also declared a quarterly dividend of $0.22 per share, and analysts maintain a "Moderate Buy" rating with an average price target of $86.60.
Virginia Retirement Systems (VRS) recently acquired 71,000 shares of Flowserve Corporation (NYSE:FLS) for approximately $5.3 million, increasing institutional ownership to 93.93%. Flowserve exceeded its Q2 earnings expectations with $0.95 EPS and $1.17 billion in revenue, and analysts have a consensus "Moderate Buy" rating with an $86.60 price target. The company also declared a quarterly dividend of $0.22 per share.
The Public Employees Retirement System of Ohio has acquired 41,036 shares of Flowserve Corporation (FLS) valued at approximately $3.04 million in the second quarter. This move, along with other institutional investor activities, brings total institutional ownership to 93.93%. Flowserve recently reported strong quarterly earnings, beating expectations, reaffirmed its fiscal 2026 EPS guidance, and declared a quarterly dividend.
Flowserve Corporation (NYSE:FLS) has received an average rating of "Moderate Buy" from eleven brokerages, with six analysts recommending a buy and five a hold. The average 12-month price target is $86.60, exceeding its current price of $77.22. Despite exceeding quarterly adjusted EPS and revenue expectations, the company experienced a 1.6% year-over-year revenue decline and some recent analyst downgrades.