Flowserve (NYSE:FLS) Downgraded by Wall Street Zen to “Buy”

Wall Street Zen cut shares of Flowserve (NYSE:FLS) from a strong-buy rating to a buy rating in a research report report published on Sunday.

FLS has been the subject of several other reports. Royal Bank Of Canada boosted their price target on shares of Flowserve from $83.00 to $96.00 and gave the stock an “outperform” rating in a research note on Monday, February 9th. Citigroup raised 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. TD Cowen reiterated a “buy” rating on shares of Flowserve in a report on Thursday, February 19th. Jefferies Financial Group boosted their target price on Flowserve from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Wednesday, December 10th. Finally, Weiss Ratings cut Flowserve from a “buy (b-)” rating to a “hold (c)” rating in a report on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Flowserve has an average rating of “Moderate Buy” and a consensus price target of $88.80.

Flowserve Stock Down 1.9%

Shares of NYSE FLS opened at $74.22 on Friday. The stock has a market capitalization of $9.45 billion, a P/E ratio of 28.33, a PEG ratio of 1.65 and a beta of 1.26. Flowserve has a one year low of $37.34 and a one year high of $92.41. The firm’s 50 day simple moving average is $80.89 and its two-hundred day simple moving average is $68.76. 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, topping 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 firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same period in the previous year, the business posted $0.70 EPS. 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. As a group, analysts expect that Flowserve will post 3.18 EPS for the current fiscal year.

Flowserve Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Friday, March 27th will be issued a dividend of $0.22 per share. The ex-dividend date is Friday, March 27th. This represents a $0.88 dividend on an annualized basis and a yield of 1.2%. This is a boost from Flowserve’s previous quarterly dividend of $0.21. Flowserve’s dividend payout ratio (DPR) is presently 32.06%.

Institutional Investors Weigh In On Flowserve

Institutional investors and hedge funds have recently bought and sold shares of the business. Atlas Capital Advisors Inc. purchased a new position in shares of Flowserve during the fourth quarter valued at approximately $36,000. BOKF NA purchased a new stake in Flowserve in the third quarter worth $28,000. Measured Wealth Private Client Group LLC bought a new stake in Flowserve in the third quarter valued at $36,000. Bruce G. Allen Investments LLC bought a new stake in Flowserve in the third quarter valued at $40,000. Finally, IFP Advisors Inc increased its position in Flowserve by 24.4% during the 3rd quarter. IFP Advisors Inc now owns 830 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 163 shares during the period. Hedge funds and other 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.