Flowserve Corporation (NYSE:FLS) Stock Has Average Price Target of $86.60 According to Brokerages

Flowserve Corporation (NYSE:FLS) has earned a consensus recommendation of “Moderate Buy” from the eleven ratings firms that are currently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $86.60.

Several brokerages have recently weighed in on FLS. Stifel Nicolaus boosted their price objective on shares of Flowserve from $92.00 to $94.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Robert W. Baird set a $93.00 price target on shares of Flowserve in a research note on Friday, July 31st. Weiss Ratings raised shares of Flowserve from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, September 8th. Royal Bank Of Canada upped their price objective on shares of Flowserve from $91.00 to $94.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Finally, TD Cowen lowered 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.

Flowserve Price Performance

Shares of FLS opened at $73.05 on Tuesday. The firm has a market capitalization of $9.29 billion, a price-to-earnings ratio of 25.63, a PEG ratio of 1.62 and a beta of 1.23. The firm’s fifty day simple moving average is $76.75 and its 200-day simple moving average is $75.43. Flowserve has a twelve month low of $48.71 and a twelve month high of $92.41. The company has a current ratio of 2.15, a quick ratio of 1.58 and a debt-to-equity ratio of 0.91.

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

Flowserve Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Friday, September 25th will be given a $0.22 dividend. The ex-dividend date of this dividend is Friday, September 25th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.2%. Flowserve’s dividend payout ratio is 30.88%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Marathon Mission Inc. lifted its stake in Flowserve by 1.7% in the third quarter. Marathon Mission Inc. now owns 9,864 shares of the industrial products company’s stock valued at $721,000 after buying an additional 165 shares during the last quarter. Envestnet Portfolio Solutions Inc. purchased a new stake in Flowserve in the 2nd quarter valued at $1,960,000. Tidal Investments LLC boosted its stake in Flowserve by 419.5% during the 2nd quarter. Tidal Investments LLC now owns 70,693 shares of the industrial products company’s stock worth $5,243,000 after purchasing an additional 57,085 shares during the period. WINTON GROUP Ltd acquired a new stake in Flowserve during the 2nd quarter worth $482,000. Finally, Integrated Wealth Concepts LLC grew its position in Flowserve by 92.3% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 12,200 shares of the industrial products company’s stock worth $905,000 after purchasing an additional 5,855 shares during the last quarter. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Flowserve Company Profile

Flowserve Corporation is a global manufacturer of engineered flow-control products and services. The company designs and produces pumps, valves, mechanical seals, and related equipment used to move, control, and protect the flow of liquids and gases in industrial systems.

Its products and services support a range of industries, including oil and gas, chemical processing, power generation, water management, mining, and general industrial markets. Flowserve also provides aftermarket services such as maintenance, repair, replacement parts, equipment upgrades, and technical support to help customers maintain the performance and reliability of their flow-control systems.

Flowserve traces its corporate heritage to businesses with roots dating back to the late 18th century and has developed into an international company serving customers across North America, Europe, Asia, the Middle East, and other global markets.