Flowserve Corporation (NYSE:FLS) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Flowserve Corporation (NYSE:FLS) have received a consensus rating of “Moderate Buy” from the eleven brokerages that are currently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $87.70.

A number of brokerages recently commented on FLS. Citigroup reaffirmed a “buy” rating on shares of Flowserve in a research report on Thursday, April 30th. Wall Street Zen downgraded shares of Flowserve from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Jefferies Financial Group reaffirmed a “buy” rating and set a $90.00 price objective (down from $100.00) on shares of Flowserve in a research report on Tuesday, March 31st. Zacks Research downgraded shares of Flowserve from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 15th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $83.00 target price on shares of Flowserve in a research report on Thursday, April 30th.

Insider Buying and Selling

In other Flowserve news, Director Brian D. Savoy bought 1,000 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was bought at an average cost of $67.34 per share, with a total value of $67,340.00. Following the completion of the transaction, the director directly owned 1,000 shares of the company’s stock, valued at approximately $67,340. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.71% of the stock is owned by corporate insiders.

Institutional Trading of Flowserve

Several large investors have recently added to or reduced their stakes in FLS. Northwestern Mutual Wealth Management Co. raised its stake in shares of Flowserve by 1,300.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 203,715 shares of the industrial products company’s stock valued at $14,967,000 after buying an additional 189,165 shares in the last quarter. Hillsdale Investment Management Inc. acquired a new position in shares of Flowserve in the 3rd quarter valued at $3,034,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Flowserve in the 3rd quarter valued at $2,343,000. Exchange Traded Concepts LLC raised its stake in shares of Flowserve by 19.2% in the 4th quarter. Exchange Traded Concepts LLC now owns 128,436 shares of the industrial products company’s stock valued at $8,911,000 after buying an additional 20,725 shares in the last quarter. Finally, Fox Run Management L.L.C. acquired a new position in shares of Flowserve in the 3rd quarter valued at $1,803,000. 93.93% of the stock is owned by institutional investors.

Flowserve Stock Performance

Shares of FLS opened at $81.77 on Friday. The company’s 50 day moving average price is $76.16 and its 200 day moving average price is $76.74. Flowserve has a 52 week low of $45.11 and a 52 week high of $92.41. The company has a market capitalization of $10.45 billion, a PE ratio of 30.28, a PEG ratio of 1.84 and a beta of 1.22. 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 quarterly earnings data on Wednesday, April 29th. The industrial products company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.03. Flowserve had a net margin of 7.61% and a return on equity of 21.46%. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the previous year, the firm posted $0.72 earnings per share. The firm’s revenue was down 6.7% on a year-over-year basis. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. Research analysts expect that Flowserve will post 4.05 EPS for the current fiscal year.

Flowserve Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 26th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Friday, June 26th. Flowserve’s payout ratio is currently 32.59%.

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.