SEC Form SC 13G/A filed by Flowserve Corporation (Amendment)

8/10/23 8:19:47 AM ET

Fluid Controls

Industrials

Get the next $FLS alert in real time by email

SC 13G/A 1 filing.txt SCHEDULE 13G Amendment No.2 FLOWSERVE CORP COMMON STOCK Cusip #34354P105 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [x] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) Cusip #34354P105 Item 1: Reporting Person - FMR LLC Item 2: (a) [ ] (b) [ ] Item 4: Delaware Item 5: 5,522,912 Item 6: 0 Item 7: 5,553,637 Item 8: 0 Item 9: 5,553,637 Item 11: 4.234% Item 12: HC Cusip #34354P105 Item 1: Reporting Person - Abigail P. Johnson Item 2: (a) [ ] (b) [ ] Item 4: United States of America Item 5: 0 Item 6: 0 Item 7: 5,553,637 Item 8: 0 Item 9: 5,553,637 Item 11: 4.234% Item 12: IN Item 1(a). Name of Issuer: FLOWSERVE CORP Item 1(b). Address of Issuer's Principal Executive Offices: 5215 N. O'Connor Blvd., Suite 700 Irving, TX 75039 USA Item 2(a). Name of Person Filing: FMR LLC Item 2(b). Address or Principal Business Office or, if None, Residence: 245 Summer Street, Boston, Massachusetts 02210 Item 2(c). Citizenship: Not applicable Item 2(d). Title of Class of Securities: COMMON STOCK Item 2(e). CUSIP Number: 34354P105 Item 3. This statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c) and the person filing, FMR LLC, is a parent holding company in accordance with Section 240.13d-1(b)(1)(ii)(G). (Note: See Exhibit A). Item 4. Ownership (a) Amount Beneficially Owned: 5,553,637 (b) Percent of Class: 4.234% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: Please see the responses to Items 5 and 6 on the cover page (ii) shared power to vote or to direct the vote: 0 (iii) sole power to dispose or to direct the disposition of: 5,553,637 (iv) shared power to dispose or to direct the disposition of: 0 Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof, the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following (X). Item 6. Ownership of More than Five Percent on Behalf of Another Person. One or more other persons are known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the COMMON STOCK of FLOWSERVE CORP. No one other person's interest in the COMMON STOCK of FLOWSERVE CORP is more than five percent of the total outstanding COMMON STOCK. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. See attached Exhibit A. Item 8. Identification and Classification of Members of the Group. Not applicable. Item 9. Notice of Dissolution of Group. Not applicable. Item 10. Certifications. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. August 9, 2023 Date /s/ Richard Bourgelas Signature Richard Bourgelas Duly authorized under Power of Attorney effective as of May 23, 2023, by and on behalf of FMR LLC and its direct and indirect subsidiaries* * This power of attorney is incorporated herein by reference to Exhibit 24 to the Schedule 13G filed by FMR LLC on August 8, 2023, accession number: 0000315066-23-002397. Exhibit A Pursuant to the instructions in Item 7 of Schedule 13G, the following table lists the identity and Item 3 classification, if applicable, of each relevant entity that beneficially owns shares of the security class being reported on this Schedule 13G. Entity ITEM 3 Classification FIAM LLC IA Fidelity Institutional Asset Management Trust Company BK Fidelity Management & Research Company LLC IA Strategic Advisers LLC IA Abigail P. Johnson is a Director, the Chairman and the Chief Executive Officer of FMR LLC. Members of the Johnson family, including Abigail P. Johnson, are the predominant owners, directly or through trusts, of Series B voting common shares of FMR LLC, representing 49% of the voting power of FMR LLC. The Johnson family group and all other Series B shareholders have entered into a shareholders' voting agreement under which all Series B voting common shares will be voted in accordance with the majority vote of Series B voting common shares. Accordingly, through their ownership of voting common shares and the execution of the shareholders' voting agreement, members of the Johnson family may be deemed, under the Investment Company Act of 1940, to form a controlling group with respect to FMR LLC. This filing reflects the securities beneficially owned, or that may be deemed to be beneficially owned, by FMR LLC, certain of its subsidiaries and affiliates, and other companies (collectively, the "FMR Reporters"). This filing does not reflect securities, if any, beneficially owned by certain other companies whose beneficial ownership of securities is disaggregated from that of the FMR Reporters in accordance with Securities and Exchange Commission Release No. 34-39538 (January 12, 1998). RULE 13d-1(k)(1) AGREEMENT The undersigned persons, on August 9, 2023, agree and consent to the joint filing on their behalf of this Schedule 13G in connection with their beneficial ownership of the COMMON STOCK of FLOWSERVE CORP at July 31, 2023. FMR LLC By /s/ Richard Bourgelas Richard Bourgelas Duly authorized under Power of Attorney effective as of May 23, 2023, by and on behalf of FMR LLC and its direct and indirect subsidiaries* Abigail P. Johnson By /s/ Richard Bourgelas Richard Bourgelas Duly authorized under Power of Attorney effective as of May 23, 2023, by and on behalf of Abigail P. Johnson* * This power of attorney is incorporated herein by reference to Exhibit 24 to the Schedule 13G filed by FMR LLC on August 8, 2023, accession number: 0000315066-23-002397

Get the next $FLS alert in real time by email

Recent Analyst Ratings for

$FLS

Date	Price Target	Rating	Analyst
3/17/2025	$71.00	Neutral → Outperform	Robert W. Baird
12/12/2024	$55.00 → $69.00	Sell → Neutral	Goldman
11/22/2024	$57.00 → $69.00	Sector Perform → Outperform	RBC Capital Mkts
10/18/2024	$65.00	Buy	Jefferies
9/26/2023	$40.00 → $50.00	Hold → Buy	Jefferies
1/30/2023	$33.00 → $40.00	Neutral → Buy	BofA Securities
9/15/2022	$38.00 → $31.00	Outperform → Neutral	Credit Suisse
7/11/2022	$31.00	Underperform → Neutral	BofA Securities

More analyst ratings

SEC Form SC 13G/A filed by Flowserve Corporation (Amendment)

8/10/23 8:19:47 AM ET

$FLS

Fluid Controls

Industrials

Get the next $FLS alert in real time by email

Recent Analyst Ratings for

$FLS

Date	Price Target	Rating	Analyst
3/17/2025	$71.00	Neutral → Outperform	Robert W. Baird
12/12/2024	$55.00 → $69.00	Sell → Neutral	Goldman
11/22/2024	$57.00 → $69.00	Sector Perform → Outperform	RBC Capital Mkts
10/18/2024	$65.00	Buy	Jefferies
9/26/2023	$40.00 → $50.00	Hold → Buy	Jefferies
1/30/2023	$33.00 → $40.00	Neutral → Buy	BofA Securities
9/15/2022	$38.00 → $31.00	Outperform → Neutral	Credit Suisse
7/11/2022	$31.00	Underperform → Neutral	BofA Securities

More analyst ratings

SEC Form SC 13G/A filed by Flowserve Corporation (Amendment)

Crush Q3 2025 with the Best AI Executive Assistant

Recent Analyst Ratings for
$FLS

SEC Form SC 13G/A filed by Flowserve Corporation (Amendment)

Crush Q3 2025 with the Best AI Executive Assistant

Recent Analyst Ratings for
$FLS

$FLS
Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

Flowserve upgraded by Robert W. Baird with a new price target

Flowserve upgraded by Goldman with a new price target

Flowserve upgraded by RBC Capital Mkts with a new price target

$FLS
Press Releases

Fastest customizable press release news feed in the world

Flowserve Schedules Second Quarter 2025 Earnings Release and Conference Call

Chart Industries and Flowserve Corporation to Combine in All-Stock Merger of Equals, Creating a Differentiated Leader in Industrial Process Technologies

Flowserve Announces Results of 2025 Annual Meeting of Shareholders and Quarterly Dividend

$FLS
Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

Chief Human Resources Officer Boukalik Brian covered exercise/tax liability with 169 shares and converted options into 693 shares, increasing direct ownership by 58% to 1,421 units (SEC Form 4)

Chief Legal Officer Hudson Susan Claire converted options into 751 shares and covered exercise/tax liability with 260 shares, increasing direct ownership by 3% to 17,256 units (SEC Form 4)

Director Delly Gayla J was granted 3,099 shares, increasing direct ownership by 16% to 22,996 units (SEC Form 4)

$FLS
Financials

Live finance-specific insights

Flowserve Schedules Second Quarter 2025 Earnings Release and Conference Call

Chart Industries and Flowserve Corporation to Combine in All-Stock Merger of Equals, Creating a Differentiated Leader in Industrial Process Technologies

Flowserve Corporation Reports First Quarter 2025 Results

$FLS
SEC Filings

SEC Form 425 filed by Flowserve Corporation

SEC Form 8-K filed by Flowserve Corporation

SEC Form SD filed by Flowserve Corporation

$FLS
Leadership Updates

Live Leadership Updates

Flowserve Announces Results of 2025 Annual Meeting of Shareholders and Quarterly Dividend

Flowserve Holds 2024 Annual Meeting of Shareholders

THOMAS B. OKRAY NAMED CHIEF FINANCIAL OFFICER OF NIKOLA CORPORATION

$FLS
Large Ownership Changes

This live feed shows all institutional transactions in real time.

Amendment: SEC Form SC 13G/A filed by Flowserve Corporation