D1 Capital Partners L.P. Reduces $132M in Flowserve Corporation ($FLS)

D1 Capital Partners L.P. has cut its stake in Flowserve Corporation (NYSE: FLS) by 23.3%. According to the latest 13F filing with the SEC, the firm sold 1,783,161 shares, leaving it with 5,874,441 shares valued at approximately $458.6 million as of the reporting period.

What Changed in D1 Capital's Flowserve Position

D1 Capital Partners reduced its holdings in Flowserve, selling 1,783,161 shares and lowering its total to 5,874,441 shares. This adjustment represents a 23.3% decrease in its position, reflecting a strategic shift in its investment approach.

Other Institutional Activity in Flowserve

Among other institutional investors, BlackRock, Inc. increased its holdings in Flowserve by 1,497,334 shares, reaching a total of 13,172,931 shares valued at around $968.3 million. Vanguard Portfolio Management LLC initiated a position with 6,191,888 shares worth $455.2 million. UBS Group AG also added to its stake, purchasing 1,204,431 shares to hold 4,795,339 shares valued at $352.5 million.

Flowserve Corporation Stock Down 7.7%

Shares of Flowserve Corporation (NYSE: FLS) traded near $78.07. The company has a market cap of $9.98 billion and a P/E ratio of 28.7, with a forward P/E of 16.9. Flowserve's stock has a 52-week range between $45.11 and $92.41, a 50-day moving average of $75.77, and a 200-day moving average of $70.67. The company's current ratio is 2.22, with a quick ratio of 1.53 and a debt-to-equity ratio of 82.9.

Recent Earnings

Flowserve reported revenue of $4.65 billion, though it experienced a revenue decline of 6.7%. The company posted an EPS of $2.72, with a net margin of 7.6% and a return on equity of 17.1%. The next earnings release is scheduled for July 28, 2026.

Dividend

Flowserve pays an annual dividend of $0.88 per share, yielding 1.13%. The dividend payout ratio stands at 31.25%.

Insider Buying and Selling at Flowserve Corporation

Recent insider activity at Flowserve includes President & CEO Robert Scott Rowe purchasing 58 shares on June 1 at an average price of $75.51. Chief Legal Officer Susan Claire Hudson also bought 32 shares on the same day. Other insiders such as Michael McMurray and Brian Savoy made purchases in mid-May, acquiring 2,500 and 2,573 shares, respectively.

Analysts Set New Price Targets

On May 1, 2026, RBC Capital maintained its buy rating for Flowserve with a price target of $91. Stifel also maintained a buy rating, setting a target price of $102 on April 14. Citigroup reiterated its buy rating on April 13 with a target of $97. The consensus among analysts is a buy recommendation with a mean target price of $90.

About Flowserve Corporation

Flowserve Corporation, based in Irving, Texas, designs and manufactures industrial flow management equipment. The company serves industries such as oil and gas, power generation, and chemicals, offering products like pumps, valves, seals, and related services. Led by CEO Robert Scott Rowe, Flowserve operates globally with approximately 16,000 employees.

Bottom Line

D1 Capital's decision to reduce its stake in Flowserve Corporation by over 23% indicates a shift in its investment strategy. While the stock remains a notable player in the industrial machinery sector, investors should note that 13F filings are backward-looking and may not reflect current positions. The company's solid financials and analyst support highlight its ongoing relevance in the market.