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

Flowserve Corporation (NYSE:FLS) has earned an average recommendation of “Moderate Buy” from the eleven brokerages that are covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $86.70.

Several research firms recently weighed in on FLS. Zacks Research downgraded Flowserve from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 15th. TD Cowen downgraded Flowserve from a “buy” rating to a “hold” rating and decreased their target price for the stock from $85.00 to $70.00 in a research report on Wednesday, June 24th. The Goldman Sachs Group reissued a “neutral” rating and issued a $83.00 target price on shares of Flowserve in a report on Thursday, April 30th. Stifel Nicolaus set a $92.00 price target on Flowserve in a research report on Friday, May 1st. Finally, 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 note on Tuesday, March 31st.

Insider Transactions at Flowserve

In other Flowserve news, Director Brian D. Savoy purchased 1,000 shares of Flowserve stock in a transaction on Thursday, May 14th. The shares were bought at an average price of $67.34 per share, with a total value of $67,340.00. Following the completion of the acquisition, the director directly owned 1,000 shares of the company’s stock, valued at approximately $67,340. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.71% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Fulton Bank N.A. purchased a new stake in Flowserve in the 2nd quarter valued at approximately $498,000. Revolve Wealth Partners LLC acquired a new stake in Flowserve during the 2nd quarter valued at $590,000. Legacy Wealth Asset Management LLC purchased a new position in Flowserve during the second quarter worth $249,000. Castle Rock Wealth Management LLC increased its position in Flowserve by 9.8% during the second quarter. Castle Rock Wealth Management LLC now owns 12,480 shares of the industrial products company’s stock worth $903,000 after buying an additional 1,115 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC raised its holdings in shares of Flowserve by 3.9% in the second quarter. Dynamic Advisor Solutions LLC now owns 4,682 shares of the industrial products company’s stock worth $347,000 after acquiring an additional 176 shares during the last quarter. 93.93% of the stock is owned by hedge funds and other institutional investors.

Flowserve Trading Down 1.0%

Shares of FLS opened at $68.91 on Thursday. Flowserve has a twelve month low of $48.71 and a twelve month high of $92.41. The company has a current ratio of 2.22, a quick ratio of 1.63 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $8.81 billion, a P/E ratio of 25.52, a PEG ratio of 1.57 and a beta of 1.23. The firm’s 50-day moving average is $73.07 and its two-hundred day moving average is $76.96.

Flowserve (NYSE:FLS) last posted its quarterly 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 company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.17 billion. Flowserve had a net margin of 7.61% and a return on equity of 21.46%. The company’s revenue for the quarter was down 6.7% on a year-over-year basis. During the same period last year, the firm earned $0.72 EPS. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. On average, research 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 was paid on Friday, July 10th. Shareholders of record on Friday, June 26th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.3%. The ex-dividend date was Friday, June 26th. Flowserve’s dividend payout ratio (DPR) is 32.59%.

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.