Earnest Partners 13F: Cuts Flowserve (FLS) Stake by $6.3M

Earnest Partners Trims Flowserve Stake

Earnest Partners lowered its exposure to Flowserve Corporation NYSE: FLS during the reporting period, according to a Form 13F filing with the Securities and Exchange Commission. The fund reduced its holdings by 78,833 shares, which works out to a 2.8% decrease from its prior position.

Position Details and Share Count

Before the recent adjustment, Earnest Partners held 2,806,304 shares of the industrial machinery maker. Following the sale of 78,833 shares, the firm wrapped up the period with 2,727,471 shares. That remaining block carried an estimated value of $218.1 million based on market pricing.

Flowserve Stock Trading Levels

Flowserve shares change hands around $79.98, sitting comfortably above the 52-week low of $48.71 and below the peak of $92.41. The stock trades close to its 50-day moving average of $75.61 and its 200-day moving average of $76.25. The company carries a trailing P/E ratio of 26.0 and a forward P/E ratio of 16.1.

Recent Earnings Performance

For its recent operational period, Flowserve generated $4.63 billion in revenue, though revenue dipped by 1.6%. The company posted earnings of $2.87 per share alongside a net margin of 8.0% and a return on equity of 16.9%. Investors can look for the next financial update when the company reports earnings on October 27, 2026.

Dividend and Payout Details

Flowserve distributes an annual dividend of $0.88 per share, which translates to a dividend yield of 1.2%. The company allocates about 30.0% of its earnings toward dividend payments through its payout ratio.

Recent Insider Transactions

Chief Human Resources Officer Brian Boukalik carried out transactions in company stock on June 16, 2026. The executive sold 171 shares at a price of $78.07 per share for a total of $13,349.97. He also acquired 701 shares on the same date at no cost.

Analysts Set New Price Targets

Wall Street firms adjusted their views on the stock across several dates. On June 24, 2026, TD Cowen downgraded the stock to a hold rating and lowered its price target to $70 from $85. Later in the summer on July 31, 2026, Stifel maintained a buy rating while moving its target from $92 to $94, and RBC Capital kept an outperform rating with a target of $94. RBC Capital later maintained an outperform rating on October 14, 2026, moving its target from $94 to $88. Mizuho maintained an outperform rating on October 15, 2026, setting a target of $85 down from $91. Overall, the stock holds a consensus buy rating with a mean price target of $89.10 across ten analyst opinions.

Industrial Flow Control Specialist

Flowserve Corporation designs, manufactures, and services industrial flow management equipment such as pumps, seals, and valves for energy, chemical, and water management markets. Founded back in 1790 and based in Irving, Texas, the company supplies engineered solutions to customers across the globe.

Watching Future Filings

As with all 13F reports, this filing reflects holdings as of the reporting period and may not represent the investor's current position today. Market participants tracking institutional moves will await subsequent filings to see how major holders adjust their allocations next.