FlowserveFLS
Market Cap: $5.98B
About: Flowserve Corp is a manufacturer and aftermarket service provider of comprehensive flow control systems. It develops precision-engineered flow control equipment to monitor movement and protect customers' materials and processes. It offers an extensive range of pumps, valves, seals, and services for several industries, including oil and gas, chemical, power generation, and water management. In addition, Flowserve has a network of Quick Response Centers to provide aftermarket equipment services. The aftermarket services help customers with installation, diagnostics, repair, and retrofitting. Sales are roughly split across many regions, with North America and Europe contributing the majority of total revenue.
Employees: 16,000
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
60% more call options, than puts
Call options by funds: $11.8M | Put options by funds: $7.36M
38% more first-time investments, than exits
New positions opened: 55 | Existing positions closed: 40
6% more capital invested
Capital invested by funds: $5.68B [Q1] → $6.01B (+$325M) [Q2]
4% more funds holding
Funds holding: 394 [Q1] → 409 (+15) [Q2]
0.08% more ownership
Funds ownership: 94.77% [Q1] → 94.85% (+0.08%) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 2 [Q1] → 2 (+0) [Q2]
21% less repeat investments, than reductions
Existing positions increased: 131 | Existing positions reduced: 165
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
6 analyst ratings
TD Cowen Joseph Giordano 37% 1-year accuracy 7 / 19 met price target | 25%upside $57 | Buy Maintained | 1 Aug 2024 |
Stifel Nathan Jones 72% 1-year accuracy 46 / 64 met price target | 32%upside $60 | Buy Maintained | 31 Jul 2024 |
RBC Capital Deane Dray 61% 1-year accuracy 37 / 61 met price target | 14%upside $52 | Sector Perform Maintained | 31 Jul 2024 |
Baird Michael Halloran 27% 1-year accuracy 6 / 22 met price target | 32%upside $60 | Neutral Maintained | 31 Jul 2024 |
B of A Securities Andrew Obin 41% 1-year accuracy 7 / 17 met price target | 32%upside $60 | Buy Maintained | 30 Jul 2024 |
Financial journalist opinion
Based on 12 articles about FLS published over the past 30 days