Flowserve Corporation (NYSE:FLS) Given Average Recommendation of “Moderate Buy” by Analysts

Flowserve Corporation (NYSE:FLS) has been given a consensus rating of “Moderate Buy” by the twelve research firms that are presently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $88.80.

FLS has been the subject of several analyst reports. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $88.00 price objective on shares of Flowserve in a research note on Monday, February 9th. Robert W. Baird set a $98.00 target price on shares of Flowserve in a research report on Monday, February 9th. 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. Stifel Nicolaus boosted their price target on Flowserve from $87.00 to $97.00 and gave the stock a “buy” rating in a research report on Monday, February 9th. Finally, TD Cowen reiterated a “buy” rating on shares of Flowserve in a research note on Thursday, February 19th.

Hedge Funds Weigh In On Flowserve

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BOKF NA bought a new stake in shares of Flowserve in the third quarter valued at about $28,000. Atlas Capital Advisors Inc. bought a new position in Flowserve during the fourth quarter valued at about $36,000. Measured Wealth Private Client Group LLC bought a new position in Flowserve during the third quarter valued at about $36,000. Bruce G. Allen Investments LLC acquired a new position in Flowserve in the 3rd quarter valued at approximately $40,000. Finally, IFP Advisors Inc raised its holdings in Flowserve by 24.4% in the 3rd quarter. IFP Advisors Inc now owns 830 shares of the industrial products company’s stock valued at $46,000 after acquiring an additional 163 shares in the last quarter. Institutional investors and hedge funds own 93.93% of the company’s stock.

Flowserve Trading Down 0.4%

NYSE:FLS opened at $74.07 on Friday. The stock’s 50 day moving average price is $81.06 and its 200 day moving average price is $69.12. Flowserve has a 52 week low of $37.34 and a 52 week high of $92.41. The company has a market capitalization of $9.43 billion, a P/E ratio of 28.27, a P/E/G ratio of 1.65 and a beta of 1.27. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.50 and a current ratio of 2.03.

Flowserve (NYSE:FLS) last posted its earnings results on Thursday, February 5th. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.17. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Flowserve had a net margin of 7.32% and a return on equity of 21.19%. The company’s revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.70 earnings per share. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. On average, research analysts forecast that Flowserve will post 3.18 EPS for the current fiscal year.

Flowserve Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Friday, March 27th will be issued a $0.22 dividend. This is an increase from Flowserve’s previous quarterly dividend of $0.21. The ex-dividend date is Friday, March 27th. This represents a $0.88 annualized dividend and a yield of 1.2%. Flowserve’s dividend payout ratio is presently 32.06%.

About Flowserve

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.