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

Flowserve Corporation (NYSE:FLS) has earned a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $89.30.

FLS has been the subject of several recent research reports. Weiss Ratings lowered shares of Flowserve from a “buy (b-)” rating to a “hold (c)” rating in a report on Wednesday, February 18th. Citigroup boosted their price target on shares of Flowserve from $85.00 to $98.00 and gave the company a “buy” rating in a report on Monday, February 9th. Jefferies Financial Group restated a “buy” rating and issued a $90.00 price target (down from $100.00) on shares of Flowserve in a report on Tuesday, March 31st. Robert W. Baird set a $98.00 price target on shares of Flowserve in a report on Monday, February 9th. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $88.00 price target on shares of Flowserve in a report on Monday, February 9th.

Flowserve Trading Up 0.9%

Shares of FLS opened at $75.90 on Tuesday. Flowserve has a 1-year low of $37.34 and a 1-year high of $92.41. The company has a 50-day moving average of $80.49 and a 200 day moving average of $70.87. The firm has a market capitalization of $9.66 billion, a price-to-earnings ratio of 28.97, a PEG ratio of 1.67 and a beta of 1.33. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.03 and a quick ratio of 1.50.

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

Flowserve Increases Dividend

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

Institutional Investors Weigh In On Flowserve

Several large investors have recently modified their holdings of FLS. Goldman Sachs Group Inc. raised its stake in shares of Flowserve by 48.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 471,893 shares of the industrial products company’s stock worth $23,047,000 after acquiring an additional 153,553 shares in the last quarter. Sivia Capital Partners LLC bought a new position in shares of Flowserve during the 2nd quarter worth approximately $313,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Flowserve by 40.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 10,712 shares of the industrial products company’s stock worth $561,000 after acquiring an additional 3,080 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Flowserve by 676.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,024 shares of the industrial products company’s stock worth $211,000 after acquiring an additional 3,506 shares in the last quarter. Finally, First Trust Advisors LP raised its stake in shares of Flowserve by 6.0% during the 2nd quarter. First Trust Advisors LP now owns 134,484 shares of the industrial products company’s stock worth $7,040,000 after acquiring an additional 7,624 shares in the last quarter. Institutional investors own 93.93% of the company’s stock.

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.