Quantbot takes new $671K stake in Flowserve as institutions pile in
What's the deal? Quantbot Technologies LP acquired a new position in Flowserve CorporationDealroom has a profile for this one. Try Dealroom → (NYSE:FLS) during the second quarter, buying 9,053 shares worth about $671,000, according to its latest filing with the Securities and Exchange Commission.
What does the company do? Flowserve is an industrial products company. Its stock carries a market cap of $10.43 billion, a P/E ratio of 28.78, and a beta of 1.23.
Why now? Institutional investors and hedge funds now own 93.93% of the stock, and several bought in around the same period. BlackRock took a new stake worth about $999.6 million in the second quarter, while Bank of New York MellonDealroom has a profile for this one. Try Dealroom → added a position valued at roughly $177.4 million.
How are the numbers? Flowserve beat expectations in its most recent quarter, reporting $0.95 earnings per share against a consensus of $0.86. Revenue reached $1.17 billion, edging past the $1.16 billion analysts expected, though it fell 1.6% year-over-year.
The company posted a return on equity of 21.42% and a net margin of 8.01%. It set FY 2026 guidance at $4.050 to $4.200 EPS, roughly in line with the 4.1 analysts predict.
What about shareholders? Flowserve declared a quarterly dividend of $0.22 per share, payable October 9 to stockholders of record on September 25. That represents an annualised $0.88 payout and a 1.1% yield, with a payout ratio of 30.88%.
What are analysts saying? Views are mixed. Six analysts rate the stock a buy and five a hold, giving it a "Moderate Buy" consensus and an average price target of $86.60. Stifel NicolausDealroom has a profile for this one. Try Dealroom → and Royal Bank of CanadaDealroom has a profile for this one. Try Dealroom → both lifted their targets to $94.00, while TD CowenDealroom has a profile for this one. Try Dealroom → cut its rating to hold and dropped its target from $85.00 to $70.00.
The signal: The stock opened at $82.03, near the upper end of its 52-week range of $48.71 to $92.41. Quantbot's small entry adds to a wave of institutional buying that has left Flowserve almost entirely in professional hands.
Read more: tickerreport.com
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