Analysts Set Flowserve Corporation (NYSE:FLS) PT at $86.70

Shares of Flowserve Corporation (NYSE:FLS) have received a consensus recommendation of “Moderate Buy” from the eleven analysts that are covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $86.70.

Several research firms recently weighed in on FLS. Zacks Research downgraded Flowserve from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 15th. Jefferies Financial Group reiterated a “buy” rating and set a $90.00 target price (down from $100.00) on shares of Flowserve in a report on Tuesday, March 31st. Citigroup reissued a “buy” rating on shares of Flowserve in a research report on Thursday, April 30th. Royal Bank Of Canada reduced their price target on shares of Flowserve from $98.00 to $91.00 and set an “outperform” rating for the company in a report on Friday, May 1st. Finally, TD Cowen cut shares of Flowserve from a “buy” rating to a “hold” rating and lowered their price target for the stock from $85.00 to $70.00 in a research report on Wednesday, June 24th.

Insiders Place Their Bets

In related news, Director Brian D. Savoy bought 1,000 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were acquired at an average price of $67.34 per share, with a total value of $67,340.00. Following the transaction, the director owned 1,000 shares of the company’s stock, valued at $67,340. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.71% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Flowserve

A number of hedge funds have recently made changes to their positions in the stock. BOKF NA purchased a new position in Flowserve in the third quarter valued at about $28,000. Atlas Capital Advisors Inc. purchased a new stake in shares of Flowserve during the fourth quarter valued at about $36,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Flowserve during the third quarter valued at about $36,000. IFP Advisors Inc boosted its holdings in shares of 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 buying an additional 163 shares in the last quarter. Finally, Parallel Advisors LLC raised its stake in shares of Flowserve by 20.1% during the 3rd quarter. Parallel Advisors LLC now owns 968 shares of the industrial products company’s stock worth $51,000 after acquiring an additional 162 shares in the last quarter. 93.93% of the stock is currently owned by hedge funds and other institutional investors.

Flowserve Stock Up 1.6%

Shares of NYSE FLS opened at $68.63 on Thursday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.63 and a current ratio of 2.22. The firm has a market capitalization of $8.77 billion, a price-to-earnings ratio of 25.42, a PEG ratio of 1.52 and a beta of 1.23. The stock has a 50 day moving average price of $72.90 and a 200 day moving average price of $76.89. Flowserve has a 52-week low of $48.71 and a 52-week high of $92.41.

Flowserve (NYSE:FLS) last released its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.82 by $0.03. Flowserve had a return on equity of 21.46% and a net margin of 7.61%.The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period last year, the business posted $0.72 EPS. Flowserve’s quarterly revenue was down 6.7% on a year-over-year basis. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. Sell-side analysts expect that Flowserve will post 4.04 earnings per share for the current year.

Flowserve Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Friday, June 26th were paid a $0.22 dividend. The ex-dividend date of this dividend was Friday, June 26th. This represents a $0.88 dividend on an annualized basis and a yield of 1.3%. Flowserve’s payout ratio is 32.59%.

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.