Flowserve Corporation (NYSE:FLS) Receives $86.70 Average Target Price from Analysts

Flowserve Corporation (NYSE:FLS) has been given an average rating of “Moderate Buy” by the eleven analysts that are covering the firm, MarketBeat reports. Four equities 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 analysts that have issued ratings on the stock in the last year is $86.70.

FLS has been the topic of a number of recent research reports. Zacks Research cut Flowserve from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 15th. The Goldman Sachs Group restated a “neutral” rating and set a $83.00 price objective on shares of Flowserve in a report on Thursday, April 30th. Stifel Nicolaus set a $92.00 price target on shares of Flowserve in a research report on Friday, May 1st. Jefferies Financial Group reaffirmed a “buy” rating and set a $90.00 price objective (down from $100.00) on shares of Flowserve in a report on Tuesday, March 31st. Finally, Royal Bank Of Canada reduced their target price on Flowserve from $98.00 to $91.00 and set an “outperform” rating for the company in a report on Friday, May 1st.

Insiders Place Their Bets

In related news, Director Brian D. Savoy acquired 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The stock was acquired at an average price of $67.34 per share, for a total transaction of $67,340.00. Following the completion of the acquisition, the director owned 1,000 shares of the company’s stock, valued at approximately $67,340. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.71% of the company’s stock.

Institutional Inflows and Outflows

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

Flowserve Stock Performance

Shares of FLS opened at $68.43 on Thursday. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.22 and a quick ratio of 1.63. The stock has a 50-day moving average of $72.98 and a 200-day moving average of $76.89. The company has a market cap of $8.75 billion, a PE ratio of 25.35, a P/E/G ratio of 1.54 and a beta of 1.23. Flowserve has a one year low of $48.71 and a one year high of $92.41.

Flowserve (NYSE:FLS) last issued its earnings results 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. The business had revenue of $1.07 billion during 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%.The firm’s revenue was down 6.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.72 EPS. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. On average, equities research analysts predict that Flowserve will post 4.05 EPS for the current fiscal year.

Flowserve Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Friday, June 26th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, June 26th. Flowserve’s payout ratio is 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.