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

Shares of Flowserve Corporation (NYSE:FLS) have been assigned a consensus recommendation of “Moderate Buy” from the twelve brokerages that are covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $88.80.

FLS has been the subject of a number of recent research reports. Royal Bank Of Canada boosted their target price on Flowserve from $83.00 to $96.00 and gave the company an “outperform” rating in a research note on Monday, February 9th. Bank of America restated a “neutral” rating and set a $73.00 price target (up from $60.00) on shares of Flowserve in a research report on Friday, November 14th. Jefferies Financial Group lifted their price target on Flowserve from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Wednesday, December 10th. Zacks Research upgraded Flowserve from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 2nd. Finally, Citigroup increased their price objective on Flowserve from $85.00 to $98.00 and gave the company a “buy” rating in a research note on Monday, February 9th.

Flowserve Price Performance

FLS stock opened at $75.68 on Friday. The firm has a market cap of $9.63 billion, a P/E ratio of 28.89, a P/E/G ratio of 1.75 and a beta of 1.27. The firm’s fifty day moving average is $80.83 and its 200 day moving average is $68.42. Flowserve has a 52 week low of $37.34 and a 52 week high of $92.41. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.50 and a current ratio of 2.03.

Flowserve (NYSE:FLS) last posted its quarterly earnings results on Thursday, February 5th. The industrial products company reported $1.11 earnings per share 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 business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the previous year, the firm posted $0.70 earnings per share. 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. 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. Shareholders of record on Friday, March 27th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, March 27th. This is an increase from Flowserve’s previous quarterly dividend of $0.21. Flowserve’s dividend payout ratio is currently 32.06%.

Hedge Funds Weigh In On Flowserve

A number of hedge funds have recently modified their holdings of the company. BOKF NA purchased a new stake in shares of Flowserve during the third quarter worth about $28,000. Atlas Capital Advisors Inc. purchased a new position in Flowserve during the 4th quarter valued at about $36,000. Measured Wealth Private Client Group LLC bought a new position in Flowserve during the 3rd quarter valued at approximately $36,000. Bruce G. Allen Investments LLC bought a new position in Flowserve during the 3rd quarter valued at approximately $40,000. Finally, IFP Advisors Inc lifted its holdings in Flowserve by 24.4% in the 3rd quarter. IFP Advisors Inc now owns 830 shares of the industrial products company’s stock worth $46,000 after buying an additional 163 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.