Flowserve (NYSE:FLS) Downgraded to “Buy” Rating by Wall Street Zen

Wall Street Zen lowered shares of Flowserve (NYSE:FLS) from a strong-buy rating to a buy rating in a research report sent to investors on Saturday morning.

A number of other equities research analysts have also recently issued reports on the stock. TD Cowen reissued a “buy” rating on shares of Flowserve in a research note on Thursday. Stifel Nicolaus increased their price objective on shares of Flowserve from $87.00 to $97.00 and gave the company a “buy” rating in a report on Monday, February 9th. Royal Bank Of Canada lifted their target price on shares of Flowserve from $83.00 to $96.00 and gave the company an “outperform” rating in a research report on Monday, February 9th. Weiss Ratings downgraded shares of Flowserve from a “buy (b-)” rating to a “hold (c)” rating in a research report on Wednesday. Finally, Robert W. Baird set a $98.00 price target on shares of Flowserve in a research note on Monday, February 9th. Eight research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Flowserve has a consensus rating of “Moderate Buy” and an average target price of $88.80.

Flowserve Price Performance

NYSE:FLS opened at $88.90 on Friday. The company has a quick ratio of 1.50, a current ratio of 2.03 and a debt-to-equity ratio of 0.68. Flowserve has a 52 week low of $37.34 and a 52 week high of $91.31. The stock’s 50-day moving average price is $77.18 and its 200-day moving average price is $65.52. The stock has a market capitalization of $11.31 billion, a PE ratio of 33.93, a price-to-earnings-growth ratio of 1.98 and a beta of 1.29.

Flowserve (NYSE:FLS) last issued its quarterly earnings results on Thursday, February 5th. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.17. Flowserve had a return on equity of 21.19% and a net margin of 7.32%.The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the prior year, the business posted $0.70 earnings per share. Flowserve’s revenue for the quarter was up 3.5% on a year-over-year basis. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. As a group, equities analysts expect that Flowserve will post 3.18 EPS for the current fiscal year.

Flowserve Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Friday, March 27th will be paid a $0.22 dividend. This is an increase from Flowserve’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, March 27th. Flowserve’s payout ratio is 32.06%.

Institutional Trading of Flowserve

Several large investors have recently bought and sold shares of the business. Massachusetts Financial Services Co. MA boosted its holdings in shares of Flowserve by 104.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,333,481 shares of the industrial products company’s stock worth $230,281,000 after purchasing an additional 2,213,406 shares during the last quarter. Boston Partners purchased a new position in Flowserve during the second quarter worth approximately $223,561,000. UBS Group AG boosted its stake in Flowserve by 67.8% during the third quarter. UBS Group AG now owns 4,146,917 shares of the industrial products company’s stock worth $220,367,000 after buying an additional 1,676,284 shares during the last quarter. AQR Capital Management LLC boosted its stake in Flowserve by 9.9% during the third quarter. AQR Capital Management LLC now owns 3,230,118 shares of the industrial products company’s stock worth $171,648,000 after buying an additional 290,226 shares during the last quarter. Finally, Earnest Partners LLC grew its holdings in Flowserve by 5.0% in the 3rd quarter. Earnest Partners LLC now owns 2,885,879 shares of the industrial products company’s stock valued at $153,356,000 after buying an additional 136,867 shares in the last quarter. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Flowserve Company Profile

Flowserve Corporation (NYSE: FLS) is a leading provider of fluid motion and control products and services. The company designs, manufactures and services engineered and industrial pumps, mechanical seals, valves and related flow management equipment. Flowserve’s offerings are utilized across a broad spectrum of end markets, including oil and gas, power generation, chemical processing, water management, pharmaceutical and semiconductor manufacturing, as well as mining and general industrial applications.

Flowserve’s product portfolio encompasses a wide range of centrifugal and positive displacement pumps, high-performance control valves, butterfly and ball valves, as well as mechanical seals and seal support systems.