Analysts Set Flowserve Corporation (NYSE:FLS) PT at $75.33

Shares of Flowserve Corporation (NYSE:FLS) have been given an average rating of “Moderate Buy” by the thirteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $75.3333.

FLS has been the subject of several recent research reports. Bank of America reissued a “neutral” rating and set a $73.00 target price (up from $60.00) on shares of Flowserve in a research report on Friday, November 14th. Cowen reissued a “buy” rating on shares of Flowserve in a report on Tuesday, November 4th. Zacks Research downgraded Flowserve from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 21st. Stifel Nicolaus set a $84.00 target price on Flowserve in a research report on Thursday, October 30th. Finally, UBS Group upped their price target on Flowserve from $65.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th.

Flowserve Trading Up 0.2%

Shares of Flowserve stock opened at $72.06 on Wednesday. The stock has a market capitalization of $9.16 billion, a PE ratio of 20.95, a price-to-earnings-growth ratio of 1.45 and a beta of 1.30. Flowserve has a 52 week low of $37.34 and a 52 week high of $72.82. The stock has a 50 day moving average price of $61.62 and a two-hundred day moving average price of $55.71. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.54 and a current ratio of 2.10.

Flowserve (NYSE:FLS) last issued its earnings results on Tuesday, October 28th. The industrial products company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.10. The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.21 billion. Flowserve had a return on equity of 19.41% and a net margin of 9.66%.Flowserve’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period last year, the business earned $0.62 EPS. Flowserve has set its FY 2025 guidance at 3.400-3.500 EPS. As a group, equities analysts anticipate that Flowserve will post 3.18 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Amy B. Schwetz sold 47,000 shares of the firm’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $71.02, for a total transaction of $3,337,940.00. Following the transaction, the chief financial officer directly owned 52,628 shares of the company’s stock, valued at $3,737,640.56. This trade represents a 47.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Susan Claire Hudson sold 10,667 shares of the business’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $70.01, for a total transaction of $746,796.67. Following the transaction, the insider owned 6,589 shares in the company, valued at approximately $461,295.89. This trade represents a 61.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 59,276 shares of company stock worth $4,196,578 over the last quarter. Insiders own 0.76% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC raised its holdings in shares of Flowserve by 3.9% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 4,181 shares of the industrial products company’s stock worth $222,000 after purchasing an additional 157 shares during the period. Parallel Advisors LLC increased its position in Flowserve by 20.1% in the third quarter. Parallel Advisors LLC now owns 968 shares of the industrial products company’s stock worth $51,000 after buying an additional 162 shares during the last quarter. IFP Advisors Inc increased its position in Flowserve by 24.4% in the third quarter. IFP Advisors Inc now owns 830 shares of the industrial products company’s stock worth $46,000 after buying an additional 163 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al raised its stake in shares of Flowserve by 0.5% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 44,128 shares of the industrial products company’s stock valued at $2,345,000 after buying an additional 200 shares during the period. Finally, KLP Kapitalforvaltning AS lifted its position in shares of Flowserve by 0.7% during the 3rd quarter. KLP Kapitalforvaltning AS now owns 27,300 shares of the industrial products company’s stock valued at $1,456,000 after buying an additional 200 shares during the last quarter. 93.93% of the stock is owned by institutional investors.

Flowserve Company Profile

Flowserve Corporation designs, manufactures, distributes, and services industrial flow management equipment in the United States, Canada, Mexico, Europe, the Middle East, Africa, and the Asia Pacific. It operates through Flowserve Pump Division (FPD) and Flow Control Division (FCD) segments. The FPD segment offers custom and pre-configured pumps and pump systems, mechanical seals, auxiliary systems, replacement parts, upgrades, and related aftermarket services; and equipment services, including installation and commissioning services, seal systems spare parts, repairs, advanced diagnostics, re-rate and upgrade solutions, retrofit programs, and machining and asset management solutions, as well as manufactures a gas-lubricated mechanical seal for use in high-speed compressors for gas pipelines and in the oil and gas production and process markets.