Flowserve Corporation (NYSE:FLS) Receives $87.70 Average Price Target from Brokerages

Flowserve Corporation (NYSE:FLS) has been given a consensus rating of “Moderate Buy” by the eleven research firms that are presently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $87.70.

A number of equities analysts have weighed in on the stock. Zacks Research lowered shares of Flowserve from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 15th. TD Cowen reiterated a “buy” rating on shares of Flowserve in a report on Friday, May 1st. Royal Bank Of Canada cut their target price on shares of Flowserve from $98.00 to $91.00 and set an “outperform” rating on the stock in a research note on Friday, May 1st. Weiss Ratings downgraded shares of Flowserve from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, May 15th. Finally, Mizuho raised their target price on shares of Flowserve from $74.00 to $91.00 and gave the company an “outperform” rating in a research note on Monday, February 9th.

Insider Activity at Flowserve

In other Flowserve news, Director Brian D. Savoy bought 1,000 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were acquired 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 in the company, valued at approximately $67,340. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.71% of the company’s stock.

Hedge Funds Weigh In On Flowserve

A number of hedge funds have recently made changes to their positions in FLS. BOKF NA purchased a new stake in Flowserve during the 3rd quarter worth $28,000. Atlas Capital Advisors Inc. purchased a new stake in Flowserve during the 4th quarter worth $36,000. Measured Wealth Private Client Group LLC purchased a new stake in Flowserve during the 3rd quarter worth $36,000. IFP Advisors Inc increased its stake in Flowserve by 24.4% during 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. Finally, Parallel Advisors LLC increased its stake in Flowserve by 20.1% during 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 during the period. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Flowserve Stock Up 0.3%

Shares of NYSE FLS opened at $75.41 on Wednesday. Flowserve has a 1 year low of $45.11 and a 1 year high of $92.41. The firm’s 50 day moving average price is $75.43 and its 200 day moving average price is $75.83. The firm has a market cap of $9.64 billion, a P/E ratio of 27.93, a price-to-earnings-growth ratio of 1.69 and a beta of 1.24. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.63 and a current ratio of 2.22.

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

Flowserve Announces Dividend

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

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.