Flowserve Corporation (NYSE:FLS) Receives Average Recommendation of “Moderate Buy” from Analysts

Flowserve Corporation (NYSE:FLS) has been assigned an average rating of “Moderate Buy” from the twelve research firms that are currently covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $88.80.

Several equities research analysts recently weighed in on the stock. Stifel Nicolaus upped their price objective on shares of Flowserve from $87.00 to $97.00 and gave the stock a “buy” rating in a research report on Monday, February 9th. TD Cowen restated a “buy” rating on shares of Flowserve in a research report on Thursday. Weiss Ratings downgraded shares of Flowserve from a “buy (b-)” rating to a “hold (c)” rating in a research report on Wednesday. Mizuho raised their target price on Flowserve from $74.00 to $91.00 and gave the company an “outperform” rating in a report on Monday, February 9th. Finally, Robert W. Baird set a $98.00 price target on Flowserve in a research note on Monday, February 9th.

Flowserve Stock Performance

Shares of NYSE:FLS opened at $88.90 on Monday. Flowserve has a 12-month low of $37.34 and a 12-month high of $91.31. The company’s 50 day moving average price is $77.18 and its two-hundred day moving average price is $65.60. The firm has a market cap of $11.31 billion, a PE ratio of 33.93, a PEG ratio of 1.96 and a beta of 1.29. 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 (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, beating the consensus estimate of $0.94 by $0.17. The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Flowserve had a return on equity of 21.19% and a net margin of 7.32%.The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.70 earnings per share. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. Equities research analysts predict that Flowserve will post 3.18 earnings per share for the current year.

Flowserve Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Friday, March 27th will be given a $0.22 dividend. This is a boost from Flowserve’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Friday, March 27th. Flowserve’s dividend payout ratio (DPR) is presently 32.06%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. D.A. Davidson & CO. increased its holdings in shares of Flowserve by 67.1% during the third quarter. D.A. Davidson & CO. now owns 34,914 shares of the industrial products company’s stock valued at $1,855,000 after acquiring an additional 14,025 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in Flowserve by 104.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,333,481 shares of the industrial products company’s stock valued at $230,281,000 after purchasing an additional 2,213,406 shares during the period. Paradice Investment Management LLC bought a new stake in Flowserve during the 3rd quarter valued at $17,970,000. Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in Flowserve by 35.9% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 136,013 shares of the industrial products company’s stock worth $7,228,000 after buying an additional 35,955 shares during the last quarter. Finally, Brian Low Financial Group LLC bought a new position in shares of Flowserve in the third quarter valued at $1,007,000. 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.