Flowserve (NYSE:FLS) Given New $91.00 Price Target at Royal Bank Of Canada

Flowserve (NYSE:FLS) had its price objective lowered by Royal Bank Of Canada from $98.00 to $91.00 in a research note released on Friday morning,Benzinga reports. The firm currently has an outperform rating on the industrial products company’s stock.

Other equities analysts have also recently issued research reports about the stock. Mizuho increased their price objective on shares of Flowserve from $74.00 to $91.00 and gave the stock an “outperform” rating in a research report on Monday, February 9th. Robert W. Baird set a $98.00 target price on shares of Flowserve in a report on Monday, February 9th. The Goldman Sachs Group reissued a “neutral” rating and issued a $83.00 target price on shares of Flowserve in a research report on Thursday. Weiss Ratings cut Flowserve from a “buy (b-)” rating to a “hold (c)” rating in a research note on Wednesday, February 18th. Finally, Citigroup restated a “buy” rating on shares of Flowserve in a research report on Thursday. Seven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Flowserve has a consensus rating of “Moderate Buy” and a consensus price target of $87.70.

Flowserve Trading Down 2.7%

FLS traded down $1.96 on Friday, hitting $71.68. The company had a trading volume of 4,468,307 shares, compared to its average volume of 2,486,872. The firm has a market cap of $9.16 billion, a P/E ratio of 26.55, a PEG ratio of 1.65 and a beta of 1.33. Flowserve has a 1 year low of $45.11 and a 1 year high of $92.41. The company’s fifty day moving average price is $79.96 and its 200 day moving average price is $74.22. The company has a current ratio of 2.22, a quick ratio of 1.50 and a debt-to-equity ratio of 0.73.

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

Flowserve Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Friday, March 27th were paid a $0.22 dividend. The ex-dividend date of this dividend was Friday, March 27th. This is a positive change from Flowserve’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a dividend yield of 1.2%. Flowserve’s payout ratio is 32.59%.

Institutional Investors Weigh In On Flowserve

Several large investors have recently added to or reduced their stakes in the business. BOKF NA purchased a new position in Flowserve in the 3rd quarter valued at approximately $28,000. Atlas Capital Advisors Inc. purchased a new stake in shares of Flowserve during the fourth quarter worth $36,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Flowserve in the third quarter valued at $36,000. Bruce G. Allen Investments LLC acquired a new stake in shares of Flowserve in the third quarter valued at $40,000. Finally, IFP Advisors Inc boosted its holdings in Flowserve by 24.4% in the third 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. 93.93% of the stock is owned by hedge funds and other institutional investors.

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.