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

Shares of Flowserve Corporation (NYSE:FLS) have been assigned an average recommendation of “Moderate Buy” from the eleven analysts that are covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $87.70.

FLS has been the topic of several recent analyst reports. Jefferies Financial Group reissued a “buy” rating and issued a $90.00 target price (down from $100.00) on shares of Flowserve in a research note on Tuesday, March 31st. TD Cowen reissued a “buy” rating on shares of Flowserve in a research note on Friday, May 1st. Citigroup reissued a “buy” rating on shares of Flowserve in a research note on Thursday, April 30th. Stifel Nicolaus set a $92.00 target price on shares of Flowserve in a research note on Friday, May 1st. Finally, Robert W. Baird set a $98.00 target price on shares of Flowserve in a research note on Monday, February 9th.

Flowserve Price Performance

FLS stock opened at $71.05 on Friday. Flowserve has a 52 week low of $45.11 and a 52 week high of $92.41. The company has a quick ratio of 1.63, a current ratio of 2.22 and a debt-to-equity ratio of 0.73. The company has a fifty day simple moving average of $78.91 and a two-hundred day simple moving average of $75.00. The firm has a market capitalization of $9.08 billion, a P/E ratio of 26.31, a price-to-earnings-growth ratio of 1.61 and a beta of 1.24.

Flowserve (NYSE:FLS) last released its quarterly earnings data 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. Flowserve had a net margin of 7.61% and a return on equity of 21.46%. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same quarter last year, the business earned $0.72 earnings per share. Flowserve’s quarterly 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. Analysts anticipate that Flowserve will post 4.05 earnings per share for the current fiscal year.

Flowserve Increases Dividend

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

Institutional Investors Weigh In On Flowserve

Hedge funds and other institutional investors have recently made changes to their positions in the company. Hillsdale Investment Management Inc. acquired a new position in shares of Flowserve in the 3rd quarter valued at $3,034,000. D.A. Davidson & CO. increased its holdings in Flowserve by 67.1% in the 3rd quarter. D.A. Davidson & CO. now owns 34,914 shares of the industrial products company’s stock worth $1,855,000 after acquiring an additional 14,025 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Flowserve in the 3rd quarter worth $2,343,000. Exchange Traded Concepts LLC increased its holdings in Flowserve by 19.2% in the 4th quarter. Exchange Traded Concepts LLC now owns 128,436 shares of the industrial products company’s stock worth $8,911,000 after acquiring an additional 20,725 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in Flowserve by 104.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,333,481 shares of the industrial products company’s stock worth $230,281,000 after acquiring an additional 2,213,406 shares in the last quarter. 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.