Flowserve Corporation (NYSE:FLS) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Flowserve Corporation (NYSE:FLS) have been given an average recommendation of “Moderate Buy” by the twelve analysts that are presently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $79.60.

FLS has been the subject of several recent research reports. Royal Bank Of Canada reiterated an “outperform” rating and issued a $83.00 price objective on shares of Flowserve in a research note on Thursday, January 15th. Zacks Research cut shares of Flowserve from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 21st. Mizuho lifted their price target on shares of Flowserve from $60.00 to $74.00 and gave the stock an “outperform” rating in a research note on Monday, January 5th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Flowserve in a report on Wednesday, October 8th. Finally, The Goldman Sachs Group increased their price objective on shares of Flowserve from $71.00 to $80.00 and gave the company a “neutral” rating in a research report on Tuesday, December 16th.

Flowserve Stock Performance

NYSE:FLS opened at $77.53 on Thursday. Flowserve has a 52 week low of $37.34 and a 52 week high of $78.78. The company has a fifty day simple moving average of $71.32 and a two-hundred day simple moving average of $61.07. The company has a quick ratio of 1.54, a current ratio of 2.10 and a debt-to-equity ratio of 0.62. The company has a market cap of $9.86 billion, a price-to-earnings ratio of 22.54, a price-to-earnings-growth ratio of 1.35 and a beta of 1.29.

Flowserve (NYSE:FLS) last released its earnings results on Tuesday, October 28th. The industrial products company reported $0.90 earnings per share (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 analyst estimates of $1.21 billion. During the same period last year, the business posted $0.62 earnings per share. Flowserve’s 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 9th. Shareholders of record on Friday, December 26th were paid a $0.21 dividend. The ex-dividend date was Friday, December 26th. This represents a $0.84 dividend on an annualized basis and a yield of 1.1%. Flowserve’s dividend payout ratio (DPR) is currently 24.42%.

Insiders Place Their Bets

In other news, CFO Amy B. Schwetz sold 47,000 shares of the firm’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $71.02, for a total transaction of $3,337,940.00. Following the sale, the chief financial officer owned 52,628 shares of the company’s stock, valued at approximately $3,737,640.56. This trade represents a 47.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Susan Claire Hudson sold 10,667 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $70.01, for a total value of $746,796.67. Following the sale, the insider owned 6,589 shares of the company’s stock, valued at approximately $461,295.89. The trade was a 61.82% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 59,276 shares of company stock valued at $4,196,578 in the last ninety days. Insiders own 0.76% of the company’s stock.

Institutional Trading of Flowserve

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FLS. TD Private Client Wealth LLC acquired a new stake in Flowserve during the 2nd quarter worth $25,000. First Horizon Advisors Inc. purchased a new stake in shares of Flowserve in the second quarter valued at about $26,000. BOKF NA acquired a new stake in shares of Flowserve during the third quarter worth about $28,000. Hilltop National Bank purchased a new position in shares of Flowserve during the second quarter worth about $31,000. Finally, IFP Advisors Inc grew its holdings in shares of Flowserve by 1,289.6% during the second quarter. IFP Advisors Inc now owns 667 shares of the industrial products company’s stock worth $35,000 after buying an additional 619 shares during the last quarter. Institutional investors and hedge funds own 93.93% of the company’s stock.

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.