Flowserve Corporation (NYSE:FLS) Receives $87.70 Average Target Price from Analysts

Flowserve Corporation (NYSE:FLS) has received a consensus recommendation of “Moderate Buy” from the eleven research firms that are covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $86.70.

FLS has been the topic of several recent analyst reports. Wall Street Zen cut shares of Flowserve from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $83.00 price target on shares of Flowserve in a report on Thursday, April 30th. Stifel Nicolaus set a $92.00 price target on shares of Flowserve in a report on Friday, May 1st. TD Cowen cut shares of Flowserve from a “buy” rating to a “hold” rating and dropped their target price for the stock from $85.00 to $70.00 in a report on Wednesday. Finally, Royal Bank Of Canada dropped their target price on shares of Flowserve from $98.00 to $91.00 and set an “outperform” rating on the stock in a report on Friday, May 1st.

Flowserve Trading Up 2.9%

FLS opened at $75.06 on Friday. The stock has a market capitalization of $9.59 billion, a PE ratio of 27.80, a P/E/G ratio of 1.64 and a beta of 1.22. The firm’s fifty day moving average price is $75.65 and its 200 day moving average price is $76.95. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.22 and a quick ratio of 1.63. Flowserve has a 12-month low of $48.71 and a 12-month high of $92.41.

Flowserve (NYSE:FLS) last posted its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.03. The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Flowserve had a net margin of 7.61% and a return on equity of 21.46%. The firm’s quarterly revenue was down 6.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.72 earnings per share. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. As a group, research analysts expect that Flowserve will post 4.05 EPS for the current fiscal year.

Flowserve Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 26th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, June 26th. Flowserve’s dividend payout ratio is 32.59%.

Insider Buying and Selling at Flowserve

In other Flowserve news, Director Brian D. Savoy bought 1,000 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were bought at an average cost of $67.34 per share, with a total value of $67,340.00. Following the completion of the acquisition, the director owned 1,000 shares of the company’s stock, valued at approximately $67,340. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.71% of the company’s stock.

Institutional Trading of Flowserve

A number of institutional investors and hedge funds have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. lifted its position in Flowserve by 1,300.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 203,715 shares of the industrial products company’s stock valued at $14,967,000 after purchasing an additional 189,165 shares during the last quarter. Hillsdale Investment Management Inc. bought a new stake in Flowserve in the 3rd quarter valued at about $3,034,000. Dynamic Technology Lab Private Ltd bought a new stake in Flowserve in the 3rd quarter valued at about $2,343,000. Exchange Traded Concepts LLC lifted its position in Flowserve by 19.2% in the 4th quarter. Exchange Traded Concepts LLC now owns 128,436 shares of the industrial products company’s stock valued at $8,911,000 after purchasing an additional 20,725 shares during the last quarter. Finally, William Blair Investment Management LLC lifted its position in Flowserve by 142.4% in the 4th quarter. William Blair Investment Management LLC now owns 1,048,137 shares of the industrial products company’s stock valued at $72,720,000 after purchasing an additional 615,769 shares during the last quarter. 93.93% of the stock is owned by institutional investors and hedge funds.

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.