FLOWSERVE CORP
No SEC Form 4 filings for $FLS in the last 30 days.
Jamie Murray of Murray Wealth Group outlined a global equities outlook for May 25, 2025, citing an accelerating corporate earnings cycle and AI-driven infrastructure buildout, with Iran-related geopolitics as a near-term volatility risk. Top picks were Meta, Uber, and Flowserve, with valuation metrics cited: Uber at 16x 2027 P/E and 7% free-cash-flow yield; Flowserve at 15x 2027 P/E.
Flowserve Corp director Michael C. McMurray was granted 2,573 shares of common stock as part of his annual restricted stock award, valued at $67.99 per share. This grant increases his direct holding to 5,672 shares and will vest by May 14, 2027, or the company's 2027 annual meeting. Additionally, McMurray holds 13,934 phantom stock units, which are economically equivalent to common stock and become payable upon his departure from the board.
Flowserve Corporation has issued $500 million in 5.700% senior notes maturing in 2036, primarily to fund its acquisition of Trillium Flow Technologies Valves Division. The company maintains solid financial flexibility with a current ratio of 2.22 and moderate debt. The offering includes a provision for redemption if the acquisition is not completed.
