First Eagle Amends Flowserve Stake, Files 13G/A on Dec 31 Holdings

TL;DR

**First Eagle updated their Flowserve holdings, still a major player.**

AI Summary

First Eagle Investment Management, LLC filed an amended Schedule 13G/A on February 8, 2024, indicating their ownership of Flowserve Corp. common shares as of December 31, 2023. This filing, an amendment number 8, updates their previous disclosures regarding their stake in Flowserve Corp. This matters to investors because it provides transparency into significant institutional ownership, which can influence stock stability and investor confidence.

Why It Matters

This filing shows that a major institutional investor, First Eagle Investment Management, LLC, continues to hold a significant position in Flowserve Corp., signaling their ongoing confidence in the company.

Risk Assessment

Risk Level: low — This is a routine update from an institutional investor and does not indicate any immediate negative or positive risk to the stock.

Analyst Insight

A smart investor would note First Eagle's continued institutional ownership in Flowserve Corp. as a sign of stability, but would need to review the full Schedule 13G/A to understand any changes in their specific percentage of ownership or voting power.

Key Players & Entities

• First Eagle Investment Management, LLC (company) — the institutional investor filing the SC 13G/A
• Flowserve Corp. (company) — the issuer whose common shares are being reported
• December 31, 2023 (date) — the date of the event requiring the filing
• February 8, 2024 (date) — the date the SC 13G/A was filed

FAQ

From the Filing

0001325447-24-000007.txt : 20240208 0001325447-24-000007.hdr.sgml : 20240208 20240208124751 ACCESSION NUMBER: 0001325447-24-000007 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240208 DATE AS OF CHANGE: 20240208 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: FLOWSERVE CORP CENTRAL INDEX KEY: 0000030625 STANDARD INDUSTRIAL CLASSIFICATION: PUMPS & PUMPING EQUIPMENT [3561] ORGANIZATION NAME: 06 Technology IRS NUMBER: 310267900 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-33025 FILM NUMBER: 24607976 BUSINESS ADDRESS: STREET 1: 5215 N. O'CONNOR BLVD. STREET 2: SUITE 700 CITY: IRVING STATE: TX ZIP: 75039 BUSINESS PHONE: 9724436500 MAIL ADDRESS: STREET 1: 5215 N. O'CONNOR BLVD. STREET 2: SUITE 700 CITY: IRVING STATE: TX ZIP: 75039 FORMER COMPANY: FORMER CONFORMED NAME: DURCO INTERNATIONAL INC DATE OF NAME CHANGE: 19970508 FORMER COMPANY: FORMER CONFORMED NAME: DURIRON CO INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: THE DURIRON CO INC DATE OF NAME CHANGE: 19900509 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: First Eagle Investment Management, LLC CENTRAL INDEX KEY: 0001325447 ORGANIZATION NAME: IRS NUMBER: 571156902 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 1345 AVENUE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10105 BUSINESS PHONE: 212-698-3300 MAIL ADDRESS: STREET 1: 1345 AVENUE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10105 FORMER COMPANY: FORMER CONFORMED NAME: Arnhold & S. Bleichroeder Advisers, LLC DATE OF NAME CHANGE: 20050429 SC 13G/A 1 flow12312313ga.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G/A Under the Securities Exchange Act of 1934 (Amendment No. 8) (RULE 13d-102) Information to be included in statements filed pursuant to Rule 13d-1 (b) (c) and (d) and Amendments thereto filed pursuant to Rule 13d-2 (b). Flowserve Corp. (Name of Issuer) Common shares (Title of Class of Securities) 34354P105 (CUSIP/SEDOL Number) December 31, 2023 (Date of Event which Requires Filing of this Statement) 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) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). SCHEDULE 13G/A Issuer: Flowserve Corp. CUSIP No.: 34354P105 1 NAMES OF REPORTING PERSONS First Eagle Investment Management, LLC 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION State of Delaware NUMBER OF SHARES 5 SOLE VOTING POWER - 9,727,066 BENEFICIALLY 6 SHARED VOTING POWER - 0 OWNED BY EACH 7 SOLE DISPOSITIVE POWER - 10,719,655 REPORTING PERSON 8 SHARED DISPOSITIVE POWER - 0 WITH: 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 10,719,655 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES N/A 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9: 8.17% 12 TYPE OF REPORTING PERSON IA SCHEDULE 13G/A Issuer: Flowserve Corp. CUSIP No.: 34354P105 ITEM 1 (a) Name of Issuer: Flowserve Corp. (b) Address of Issuer's Principal Executive Offices: 5215 N. O'Connor Blvd. Suite 700 Irving, TX 75039 ITEM 2 (a) Name of Person Filing: First Eagle Investment Management, LLC (b) Address of Principal Business Office: 1345 Avenue of the Americas New York, NY 10105