Flowserve Corporation (NYSE:FLS) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Flowserve Corporation (NYSE:FLS) have received a consensus rating of “Moderate Buy” from the twelve ratings firms that are presently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $88.80.

Several research analysts recently issued reports on the stock. Wall Street Zen lowered shares of Flowserve from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 28th. TD Cowen restated a “buy” rating on shares of Flowserve in a research report on Tuesday, November 4th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $88.00 price target on shares of Flowserve in a research note on Monday, February 9th. Mizuho increased their price objective on Flowserve from $74.00 to $91.00 and gave the stock an “outperform” rating in a research note on Monday, February 9th. Finally, Bank of America restated a “neutral” rating and issued a $73.00 target price (up previously from $60.00) on shares of Flowserve in a research note on Friday, November 14th.

Institutional Investors Weigh In On Flowserve

Large investors have recently bought and sold shares of the business. Kestra Advisory Services LLC bought a new position in Flowserve in the 4th quarter valued at $142,000. Templeton & Phillips Capital Management LLC bought a new position in shares of Flowserve in the fourth quarter valued at about $7,678,000. Marshall Wace LLP acquired a new position in Flowserve during the 4th quarter worth about $1,891,000. ANB Bank acquired a new position in Flowserve during the 4th quarter worth about $268,000. Finally, CANADA LIFE ASSURANCE Co grew its holdings in Flowserve by 4.7% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 83,526 shares of the industrial products company’s stock worth $5,795,000 after acquiring an additional 3,776 shares during the last quarter. 93.93% of the stock is currently owned by institutional investors.

Flowserve Stock Performance

Shares of NYSE FLS opened at $89.76 on Monday. The firm has a market capitalization of $11.41 billion, a price-to-earnings ratio of 34.26, a PEG ratio of 1.99 and a beta of 1.29. Flowserve has a one year low of $37.34 and a one year high of $90.48. The business has a fifty day simple moving average of $75.51 and a 200 day simple moving average of $64.38. The company has a current ratio of 2.03, a quick ratio of 1.50 and a debt-to-equity ratio of 0.68.

Flowserve (NYSE:FLS) last announced its quarterly earnings results on Thursday, February 5th. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.17. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.26 billion. Flowserve had a net margin of 7.32% and a return on equity of 21.19%. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.70 EPS. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. Sell-side analysts expect that Flowserve will post 3.18 EPS for the current year.

Flowserve Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Friday, March 27th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Friday, March 27th. This is a positive change from Flowserve’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a dividend yield of 1.0%. Flowserve’s dividend payout ratio (DPR) is 32.06%.

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.