Flowserve (NYSE:FLS) Cut to Buy at Wall Street Zen

Wall Street Zen lowered shares of Flowserve (NYSE:FLS) from a strong-buy rating to a buy rating in a research note published on Saturday.

Several other equities research analysts have also commented on the company. Citigroup upped their price objective on Flowserve from $85.00 to $98.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. UBS Group boosted their price target on Flowserve from $65.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. Bank of America restated a “neutral” rating and issued a $73.00 price target (up previously from $60.00) on shares of Flowserve in a research report on Friday, November 14th. Royal Bank Of Canada lifted their price objective on Flowserve from $83.00 to $96.00 and gave the company an “outperform” rating in a research report on Monday, February 9th. Finally, TD Cowen reiterated a “buy” rating on shares of Flowserve in a research note on Thursday. Eight investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $88.80.

Flowserve Trading Down 0.8%

Shares of NYSE:FLS opened at $88.21 on Friday. The stock’s 50-day simple moving average is $77.51 and its two-hundred day simple moving average is $65.86. The stock has a market capitalization of $11.23 billion, a price-to-earnings ratio of 33.67, a PEG ratio of 1.96 and a beta of 1.29. Flowserve has a 52-week low of $37.34 and a 52-week high of $91.31. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.50 and a current ratio of 2.03.

Flowserve (NYSE:FLS) last issued its quarterly earnings data on Thursday, February 5th. The industrial products company reported $1.11 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.17. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Flowserve had a net margin of 7.32% and a return on equity of 21.19%. The business’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.70 EPS. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. Analysts expect that Flowserve will post 3.18 EPS for the current year.

Flowserve Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Friday, March 27th will be issued a dividend of $0.22 per share. This is an increase from Flowserve’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Friday, March 27th. This represents a $0.88 dividend on an annualized basis and a yield of 1.0%. Flowserve’s payout ratio is 32.06%.

Hedge Funds Weigh In On Flowserve

Hedge funds and other institutional investors have recently modified their holdings of the stock. Monetary Solutions Ltd purchased a new position in Flowserve during the fourth quarter valued at $891,000. T. Rowe Price Investment Management Inc. boosted its holdings in shares of Flowserve by 102.7% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,731,665 shares of the industrial products company’s stock valued at $120,143,000 after purchasing an additional 877,327 shares during the last quarter. Invesco Ltd. grew its position in shares of Flowserve by 33.1% during the fourth quarter. Invesco Ltd. now owns 329,749 shares of the industrial products company’s stock valued at $22,878,000 after purchasing an additional 81,996 shares in the last quarter. Corient Private Wealth LLC grew its position in shares of Flowserve by 38.9% during the fourth quarter. Corient Private Wealth LLC now owns 11,329 shares of the industrial products company’s stock valued at $787,000 after purchasing an additional 3,171 shares in the last quarter. Finally, Ameriflex Group Inc. bought a new stake in shares of Flowserve in the fourth quarter worth about $78,000. 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.