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

Shares of Flowserve Corporation (NYSE:FLS) have earned a consensus recommendation of “Moderate Buy” from the twelve brokerages that are presently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $88.80.

A number of research analysts recently weighed in on FLS shares. UBS Group raised their price objective on Flowserve from $65.00 to $82.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. Bank of America reiterated a “neutral” rating and set a $73.00 price target (up previously from $60.00) on shares of Flowserve in a report on Friday, November 14th. Mizuho boosted their price objective on shares of Flowserve from $74.00 to $91.00 and gave the stock an “outperform” rating in a research note on Monday, February 9th. Robert W. Baird set a $98.00 target price on shares of Flowserve in a research note on Monday, February 9th. Finally, Zacks Research downgraded shares of Flowserve from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 21st.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. First Horizon Advisors Inc. acquired a new position in Flowserve during the 2nd quarter valued at $26,000. BOKF NA acquired a new position in shares of Flowserve during the third quarter valued at about $28,000. IFP Advisors Inc lifted its stake in shares of Flowserve by 1,289.6% in the second quarter. IFP Advisors Inc now owns 667 shares of the industrial products company’s stock valued at $35,000 after buying an additional 619 shares during the period. Measured Wealth Private Client Group LLC acquired a new stake in Flowserve during the third quarter worth about $36,000. Finally, Hantz Financial Services Inc. increased its stake in Flowserve by 149.8% during the second quarter. Hantz Financial Services Inc. now owns 697 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 418 shares during the period. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Flowserve Stock Performance

Shares of FLS opened at $89.76 on Monday. The company has a quick ratio of 1.50, a current ratio of 2.03 and a debt-to-equity ratio of 0.68. Flowserve has a 12 month low of $37.34 and a 12 month high of $90.48. The company’s fifty day moving average is $75.51 and its 200-day moving average is $64.38. The firm has a market cap of $11.41 billion, a price-to-earnings ratio of 34.26, a price-to-earnings-growth ratio of 1.99 and a beta of 1.29.

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

Flowserve Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Friday, March 27th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Friday, March 27th. This represents a $0.88 annualized dividend and a dividend yield of 1.0%. This is a boost from Flowserve’s previous quarterly dividend of $0.21. Flowserve’s payout ratio is presently 32.06%.

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.