Flowserve Corporation (NYSE:FLS) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Flowserve Corporation (NYSE:FLS) have earned an average rating of “Moderate Buy” from the eleven analysts that are covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $86.60.

A number of equities research analysts have issued reports on the stock. Weiss Ratings upgraded shares of Flowserve from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Stifel Nicolaus lifted their price objective on Flowserve from $92.00 to $94.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Citigroup reissued a “buy” rating on shares of Flowserve in a research report on Thursday, April 30th. Robert W. Baird set a $93.00 price objective on Flowserve in a research report on Friday, July 31st. Finally, Royal Bank Of Canada increased their target price on Flowserve from $91.00 to $94.00 and gave the company an “outperform” rating in a research note on Friday, July 31st.

Flowserve Price Performance

Shares of Flowserve stock opened at $80.92 on Monday. The company has a current ratio of 2.15, a quick ratio of 1.58 and a debt-to-equity ratio of 0.91. The firm has a fifty day simple moving average of $74.82 and a 200-day simple moving average of $77.12. The stock has a market capitalization of $10.29 billion, a price-to-earnings ratio of 28.39, a PEG ratio of 1.80 and a beta of 1.23. Flowserve has a 1-year low of $48.71 and a 1-year high of $92.41.

Flowserve (NYSE:FLS) last posted its earnings results on Wednesday, July 29th. The industrial products company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.09. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.16 billion. Flowserve had a net margin of 8.01% and a return on equity of 21.42%. Flowserve’s revenue was down 1.6% compared to the same quarter last year. During the same period last year, the business posted $0.91 EPS. Flowserve has set its FY 2026 guidance at 4.050-4.200 EPS. On average, sell-side analysts expect that Flowserve will post 4.1 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. raised its position in shares of Flowserve by 1,300.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 203,715 shares of the industrial products company’s stock valued at $14,967,000 after buying an additional 189,165 shares during the last quarter. William Blair Investment Management LLC grew its position in Flowserve by 142.4% during the fourth quarter. William Blair Investment Management LLC now owns 1,048,137 shares of the industrial products company’s stock worth $72,720,000 after buying an additional 615,769 shares in the last quarter. Bullseye Asset Management LLC grew its position in Flowserve by 54.5% during the fourth quarter. Bullseye Asset Management LLC now owns 85,000 shares of the industrial products company’s stock worth $5,897,000 after buying an additional 30,000 shares in the last quarter. Hillsdale Investment Management Inc. increased its stake in Flowserve by 27.8% during the fourth quarter. Hillsdale Investment Management Inc. now owns 72,950 shares of the industrial products company’s stock valued at $5,061,000 after acquiring an additional 15,850 shares during the period. Finally, Horizon Investments LLC bought a new position in Flowserve during the fourth quarter valued at about $4,826,000. 93.93% of the stock is currently owned by institutional investors and hedge funds.

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.