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

Shares of Flowserve Corporation (NYSE:FLS) have received an average recommendation of “Moderate Buy” from the eleven research firms that are covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $87.70.

Several research analysts have weighed in on FLS shares. Royal Bank Of Canada lowered their price target on Flowserve from $98.00 to $91.00 and set an “outperform” rating on the stock in a research report on Friday, May 1st. Jefferies Financial Group reaffirmed a “buy” rating and set a $90.00 price target (down from $100.00) on shares of Flowserve in a research report on Tuesday, March 31st. Mizuho boosted their price target on Flowserve from $74.00 to $91.00 and gave the stock an “outperform” rating in a research report on Monday, February 9th. TD Cowen reaffirmed a “buy” rating on shares of Flowserve in a research report on Friday, May 1st. Finally, Robert W. Baird set a $98.00 price target on Flowserve in a research report on Monday, February 9th.

Flowserve Stock Up 5.3%

Shares of Flowserve stock opened at $73.32 on Wednesday. The business’s 50 day simple moving average is $75.41 and its 200 day simple moving average is $75.76. Flowserve has a 52-week low of $45.11 and a 52-week high of $92.41. The firm has a market cap of $9.37 billion, a PE ratio of 27.16, a P/E/G ratio of 1.57 and a beta of 1.24. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.63 and a current ratio of 2.22.

Flowserve (NYSE:FLS) last announced its earnings results on Wednesday, April 29th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.03. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.17 billion. Flowserve had a return on equity of 21.46% and a net margin of 7.61%.Flowserve’s revenue for the quarter was down 6.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.72 EPS. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. On average, analysts predict that Flowserve will post 4.05 earnings per share for the current fiscal year.

Flowserve Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Friday, June 26th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, June 26th. Flowserve’s payout ratio is currently 32.59%.

Insider Activity at Flowserve

In other Flowserve news, Director Brian D. Savoy bought 1,000 shares of Flowserve stock in a transaction dated Thursday, May 14th. The stock was bought at an average cost of $67.34 per share, for a total transaction of $67,340.00. Following the purchase, the director owned 1,000 shares of the company’s stock, valued at $67,340. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.71% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in FLS. JPMorgan Chase & Co. boosted its stake in shares of Flowserve by 625.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,314,195 shares of the industrial products company’s stock worth $122,978,000 after acquiring an additional 1,995,221 shares during the period. Norges Bank bought a new stake in Flowserve in the 4th quarter valued at $117,964,000. UBS Group AG boosted its stake in Flowserve by 67.8% in the 3rd 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 period. Merewether Investment Management LP bought a new stake in Flowserve in the 2nd quarter valued at $46,555,000. Finally, T. Rowe Price Investment Management Inc. boosted its stake in Flowserve by 102.7% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,731,665 shares of the industrial products company’s stock valued at $120,143,000 after purchasing an additional 877,327 shares during the period. 93.93% of the stock is currently owned by 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.