Flowserve Corporation (NYSE:FLS) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Flowserve Corporation (NYSE:FLS) have received a consensus recommendation of “Moderate Buy” from the eleven ratings firms that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $87.70.

FLS has been the subject of several research reports. Zacks Research lowered Flowserve from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 15th. Jefferies Financial Group reaffirmed a “buy” rating and set a $90.00 target price (down from $100.00) on shares of Flowserve in a research note on Tuesday, March 31st. Stifel Nicolaus set a $92.00 target price on Flowserve in a research note on Friday, May 1st. Mizuho lifted their target price on Flowserve from $74.00 to $91.00 and gave the company an “outperform” rating in a research note on Monday, February 9th. Finally, Wall Street Zen downgraded Flowserve from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th.

Flowserve Stock Performance

Flowserve stock opened at $76.21 on Wednesday. The stock’s 50-day moving average is $75.44 and its 200-day moving average is $75.91. The company has a market cap of $9.74 billion, a price-to-earnings ratio of 28.22, a price-to-earnings-growth ratio of 1.69 and a beta of 1.22. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.22 and a quick ratio of 1.63. Flowserve has a 12 month low of $45.11 and a 12 month high of $92.41.

Flowserve (NYSE:FLS) last announced its earnings results on Wednesday, April 29th. The industrial products company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.82 by $0.03. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.17 billion. Flowserve had a return on equity of 21.46% and a net margin of 7.61%.The company’s revenue was down 6.7% on a year-over-year basis. During the same period last year, the business posted $0.72 EPS. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. Equities analysts anticipate that Flowserve will post 4.05 earnings per share for the current year.

Flowserve Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 26th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Friday, June 26th. This represents a $0.88 annualized dividend and a yield of 1.2%. Flowserve’s payout ratio is presently 32.59%.

Insider Activity at Flowserve

In other news, Director Brian D. Savoy acquired 1,000 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were bought at an average price of $67.34 per share, with a total value of $67,340.00. Following the purchase, the director owned 1,000 shares of the company’s stock, valued at approximately $67,340. This represents a ? increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.71% of the company’s stock.

Institutional Trading of Flowserve

Hedge funds and other institutional investors have recently modified their holdings of the company. BOKF NA bought a new stake in shares of Flowserve in the 3rd quarter worth $28,000. Atlas Capital Advisors Inc. bought a new stake in shares of Flowserve in the 4th quarter worth $36,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Flowserve in the 3rd quarter worth $36,000. IFP Advisors Inc raised its stake in shares of 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 in the last quarter. Finally, Parallel Advisors LLC raised its stake in shares of Flowserve by 20.1% in the 3rd quarter. Parallel Advisors LLC now owns 968 shares of the industrial products company’s stock worth $51,000 after buying an additional 162 shares in the last quarter. 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.