Flowserve’s (FLS) Buy Rating Reaffirmed at Jefferies Financial Group

Jefferies Financial Group reiterated their buy rating on shares of Flowserve (NYSE:FLS) in a research report report published on Tuesday,Benzinga reports. They currently have a $90.00 price target on the industrial products company’s stock, down from their prior price target of $100.00.

Several other equities analysts have also commented on the company. Citigroup upped their price target on Flowserve from $85.00 to $98.00 and gave the company a “buy” rating in a research note on Monday, February 9th. Mizuho raised their price objective on Flowserve from $74.00 to $91.00 and gave the stock an “outperform” rating in a research report on Monday, February 9th. Stifel Nicolaus boosted their price objective on shares of Flowserve from $87.00 to $97.00 and gave the company a “buy” rating in a report on Monday, February 9th. Zacks Research raised shares of Flowserve from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 2nd. Finally, Royal Bank Of Canada increased their target price on shares of Flowserve from $83.00 to $96.00 and gave the stock an “outperform” rating in a research note on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Flowserve presently has a consensus rating of “Moderate Buy” and an average price target of $89.30.

Flowserve Stock Up 6.3%

Shares of NYSE FLS opened at $73.51 on Tuesday. The company has a market capitalization of $9.35 billion, a P/E ratio of 28.06, a P/E/G ratio of 1.53 and a beta of 1.27. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.03 and a quick ratio of 1.50. The company has a 50 day simple moving average of $80.68 and a 200-day simple moving average of $70.34. Flowserve has a 1 year low of $37.34 and a 1 year high of $92.41.

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

Flowserve Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Friday, March 27th will be given a dividend of $0.22 per share. This is an increase from Flowserve’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, March 27th. Flowserve’s dividend payout ratio (DPR) is 33.59%.

Institutional Investors Weigh In On Flowserve

Several institutional investors and hedge funds have recently modified their holdings of FLS. Goldman Sachs Group Inc. boosted its holdings in Flowserve by 48.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 471,893 shares of the industrial products company’s stock valued at $23,047,000 after acquiring an additional 153,553 shares during the period. Sivia Capital Partners LLC purchased a new stake in Flowserve during the second quarter worth about $313,000. Creative Planning lifted its position in shares of Flowserve by 99.7% during the second quarter. Creative Planning now owns 17,576 shares of the industrial products company’s stock worth $920,000 after purchasing an additional 8,777 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of Flowserve by 2.0% during the second quarter. Russell Investments Group Ltd. now owns 256,304 shares of the industrial products company’s stock worth $13,419,000 after purchasing an additional 4,905 shares in the last quarter. Finally, Quadrant Capital Group LLC boosted its stake in shares of Flowserve by 884.7% in the second quarter. Quadrant Capital Group LLC now owns 9,079 shares of the industrial products company’s stock valued at $475,000 after purchasing an additional 8,157 shares during the period. Hedge funds and other institutional investors own 93.93% of the company’s stock.

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.