Flowserve Corporation (NYSE:FLS) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Flowserve Corporation (NYSE:FLS) have received a consensus recommendation of “Moderate Buy” from the fourteen analysts that are presently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $77.20.

FLS has been the topic of a number of recent research reports. Royal Bank Of Canada upped their price target on shares of Flowserve from $66.00 to $76.00 and gave the company an “outperform” rating in a research note on Thursday, October 30th. Bank of America restated a “neutral” rating and issued a $73.00 target price (up from $60.00) on shares of Flowserve in a report on Friday, November 14th. Stifel Nicolaus set a $84.00 target price on shares of Flowserve in a research report on Thursday, October 30th. Jefferies Financial Group lifted their price target on Flowserve from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Wednesday, December 10th. Finally, Wall Street Zen cut Flowserve from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 28th.

Flowserve Stock Performance

NYSE:FLS opened at $71.03 on Friday. The company has a market cap of $9.03 billion, a price-to-earnings ratio of 20.65, a PEG ratio of 1.43 and a beta of 1.30. Flowserve has a 1 year low of $37.34 and a 1 year high of $74.63. The stock’s 50 day simple moving average is $67.51 and its two-hundred day simple moving average is $58.07. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.10 and a quick ratio of 1.54.

Flowserve (NYSE:FLS) last posted its earnings results on Tuesday, October 28th. The industrial products company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.10. Flowserve had a return on equity of 19.41% and a net margin of 9.66%.The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the prior year, the company earned $0.62 EPS. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. Flowserve has set its FY 2025 guidance at 3.400-3.500 EPS. As a group, equities analysts anticipate that Flowserve will post 3.18 earnings per share for the current fiscal year.

Flowserve Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 9th. Stockholders of record on Friday, December 26th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, December 26th. This represents a $0.84 annualized dividend and a dividend yield of 1.2%. Flowserve’s payout ratio is currently 24.42%.

Insider Buying and Selling

In other Flowserve news, insider Lamar L. Duhon sold 1,609 shares of the business’s stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $69.51, for a total transaction of $111,841.59. Following the transaction, the insider owned 15,116 shares in the company, valued at $1,050,713.16. The trade was a 9.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Amy B. Schwetz sold 47,000 shares of the stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $71.02, for a total transaction of $3,337,940.00. Following the completion of the sale, the chief financial officer directly owned 52,628 shares in the company, valued at approximately $3,737,640.56. This represents a 47.18% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 59,276 shares of company stock worth $4,196,578 over the last three months. 0.76% of the stock is owned by insiders.

Hedge Funds Weigh In On Flowserve

A number of large investors have recently made changes to their positions in the company. TD Private Client Wealth LLC bought a new stake in Flowserve in the second quarter worth about $25,000. First Horizon Advisors Inc. bought a new position in shares of Flowserve during the second quarter valued at approximately $26,000. BOKF NA purchased a new stake in shares of Flowserve in the third quarter worth approximately $28,000. Hilltop National Bank bought a new stake in shares of Flowserve during the 2nd quarter worth approximately $31,000. Finally, IFP Advisors Inc lifted its stake in shares of Flowserve by 1,289.6% during the 2nd quarter. IFP Advisors Inc now owns 667 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 619 shares during the last quarter. 93.93% of the stock is owned by hedge funds and other institutional investors.

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.