Brokerages Set Flowserve Corporation (NYSE:FLS) Target Price at $86.60

Flowserve Corporation (NYSE:FLS) has been assigned a consensus recommendation of “Moderate Buy” from the eleven ratings firms that are covering the company, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $86.60.

FLS has been the subject of a number of analyst reports. Stifel Nicolaus increased their price target on Flowserve from $92.00 to $94.00 and gave the company a “buy” rating in a report on Friday, July 31st. TD Cowen downgraded Flowserve from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $85.00 to $70.00 in a report on Wednesday, June 24th. Weiss Ratings lowered Flowserve from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 25th. Royal Bank Of Canada increased their target price on Flowserve from $91.00 to $94.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Finally, Robert W. Baird set a $93.00 price target on shares of Flowserve in a research report on Friday, July 31st.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Brown Lisle Cummings Inc. grew its holdings in Flowserve by 8.9% during the 2nd quarter. Brown Lisle Cummings Inc. now owns 4,030 shares of the industrial products company’s stock worth $299,000 after acquiring an additional 330 shares in the last quarter. Corient Private Wealth LP raised its stake in shares of Flowserve by 11.4% in the 2nd quarter. Corient Private Wealth LP now owns 8,004 shares of the industrial products company’s stock valued at $594,000 after purchasing an additional 817 shares in the last quarter. Amundi raised its stake in shares of Flowserve by 15.2% in the 2nd quarter. Amundi now owns 1,100,383 shares of the industrial products company’s stock valued at $81,604,000 after purchasing an additional 145,321 shares in the last quarter. HighTower Advisors LLC grew its stake in Flowserve by 7.4% in the second quarter. HighTower Advisors LLC now owns 34,485 shares of the industrial products company’s stock worth $2,557,000 after purchasing an additional 2,372 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Flowserve in the second quarter worth about $5,265,000. 93.93% of the stock is owned by institutional investors and hedge funds.

Flowserve Stock Performance

Shares of FLS stock opened at $76.74 on Friday. Flowserve has a 12 month low of $48.71 and a 12 month high of $92.41. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.15 and a quick ratio of 1.58. The firm has a market capitalization of $9.75 billion, a P/E ratio of 26.93, a P/E/G ratio of 1.70 and a beta of 1.25. The company’s fifty day moving average price is $75.31 and its two-hundred day moving average price is $76.76.

Flowserve (NYSE:FLS) last posted its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.09. Flowserve had a net margin of 8.01% and a return on equity of 21.42%. The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same period in the prior year, the company posted $0.91 EPS. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. Flowserve has set its FY 2026 guidance at 4.050-4.200 EPS. On average, research analysts anticipate that Flowserve will post 4.1 earnings per share for the current fiscal year.

Flowserve Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Friday, September 25th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Friday, September 25th. This represents a $0.88 annualized dividend and a yield of 1.1%. Flowserve’s dividend payout ratio is currently 30.88%.

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.