Flowserve (NYSE:FLS) Reaches New 1-Year High After Analyst Upgrade

Shares of Flowserve Corporation (NYSE:FLS) reached a new 52-week high on Monday after Royal Bank Of Canada raised their price target on the stock from $83.00 to $96.00. Royal Bank Of Canada currently has an outperform rating on the stock. Flowserve traded as high as $86.84 and last traded at $87.0350, with a volume of 31313 shares. The stock had previously closed at $85.46.

Several other equities research analysts have also commented on FLS. Jefferies Financial Group raised their price target on shares of Flowserve from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Wednesday, December 10th. Citigroup raised their target price on Flowserve from $85.00 to $98.00 and gave the company a “buy” rating in a research report on Monday. Robert W. Baird set a $98.00 price target on Flowserve in a research report on Monday. Zacks Research cut Flowserve from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 21st. Finally, The Goldman Sachs Group lifted their price objective on shares of Flowserve from $71.00 to $80.00 and gave the company a “neutral” rating in a research note on Tuesday, December 16th. Nine investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Flowserve presently has a consensus rating of “Moderate Buy” and a consensus target price of $88.80.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Massachusetts Financial Services Co. MA lifted its holdings in Flowserve by 104.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,333,481 shares of the industrial products company’s stock valued at $230,281,000 after acquiring an additional 2,213,406 shares during the last quarter. Boston Partners bought a new stake in shares of Flowserve in the 2nd quarter worth approximately $223,561,000. UBS Group AG lifted its stake in Flowserve by 67.8% during the third quarter. UBS Group AG now owns 4,146,917 shares of the industrial products company’s stock valued at $220,367,000 after purchasing an additional 1,676,284 shares during the last quarter. AQR Capital Management LLC lifted its stake in Flowserve by 9.9% during the third quarter. AQR Capital Management LLC now owns 3,230,118 shares of the industrial products company’s stock valued at $171,648,000 after purchasing an additional 290,226 shares during the last quarter. Finally, Earnest Partners LLC boosted its holdings in Flowserve by 5.0% during the third quarter. Earnest Partners LLC now owns 2,885,879 shares of the industrial products company’s stock worth $153,356,000 after buying an additional 136,867 shares in the last quarter. 93.93% of the stock is owned by institutional investors and hedge funds.

Flowserve Stock Performance

The stock has a market cap of $11.01 billion, a price-to-earnings ratio of 33.07, a price-to-earnings-growth ratio of 1.91 and a beta of 1.29. The company’s 50-day simple moving average is $74.54 and its 200-day simple moving average is $63.70. The company has a quick ratio of 1.50, a current ratio of 2.03 and a debt-to-equity ratio of 0.68.

Flowserve (NYSE:FLS) last released its quarterly earnings data on Thursday, February 5th. The industrial products company reported $1.11 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.17. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.26 billion. Flowserve had a return on equity of 21.19% and a net margin of 7.32%.The company’s revenue was up 3.5% compared to the same quarter last year. During the same period last year, the company posted $0.70 EPS. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. Analysts predict that Flowserve Corporation will post 3.18 EPS for the current fiscal year.

Flowserve Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 9th. Shareholders of record on Friday, December 26th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, December 26th. This represents a $0.84 dividend on an annualized basis and a yield of 1.0%. Flowserve’s dividend payout ratio is currently 32.06%.

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.