There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on May 14, Flowserve Corp's Director, Brian D. Savoy, invested $67,340.00 into 1,000 shares of FLS, for a cost per share of $67.34. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money. In trading on Tuesday, bargain hunters could buy shares of Flowserve Corp (Symbol: FLS) and achieve a cost basis 3.2% cheaper than Savoy, with shares changing hands as low as $65.19 per share. Flowserve Corp shares are currently trading up about 1.3% on the day. The chart below shows the one year performance of FLS shares, versus its 200 day moving average:
Looking at the chart above, FLS's low point in its 52 week range is $45.11 per share, with $92.41 as the 52 week high point — that compares with a last trade of $64.41. By comparison, below is a table showing the prices at which FLS insider buying was recorded over the last six months:
| Purchased | Insider | Title | Shares | Price/Share | Value |
|---|---|---|---|---|---|
| 05/14/2026 | Brian D. Savoy | Director | 1,000 | $67.34 | $67,340.00 |
The current annualized dividend paid by Flowserve Corp is $0.88/share, currently paid in quarterly installments, and its most recent dividend has an upcoming ex-date of 06/26/2026. Below is a long-term dividend history chart for FLS, which can be of good help in judging whether the most recent dividend with approx. 1.3% annualized yield is likely to continue.
According to the ETF Finder at ETF Channel, FLS makes up 2.88% of the Inspire Momentum ETF (Symbol: GLRY) which is trading lower by about 0.6% on the day Tuesday. (see other ETFs holding FLS).
Project your dividend income with confidence: Income Calendar tracks your income portfolio like a personal assistant.
Click here to find out which 9 other dividend bargains you can buy cheaper than insiders »
Also see:
High Yield Dividend Stocks
Funds Holding SJIV
Preferred Stock Articles
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
