Shares of Flowserve Corporation (NYSE:FLS – Get Free Report) have been assigned an average recommendation of “Moderate Buy” from the eleven analysts that are currently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $86.70.
Several equities research analysts have weighed in on FLS shares. Stifel Nicolaus set a $92.00 target price on Flowserve in a research note on Friday, May 1st. Citigroup reiterated a “buy” rating on shares of Flowserve in a research note on Thursday, April 30th. TD Cowen cut Flowserve from a “buy” rating to a “hold” rating and dropped their price target for the company from $85.00 to $70.00 in a research note on Wednesday. Weiss Ratings cut Flowserve from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, May 15th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $90.00 price target (down from $100.00) on shares of Flowserve in a research note on Tuesday, March 31st.
Get Our Latest Analysis on FLS
Insider Activity at Flowserve
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the stock. UBS Group AG raised its position in Flowserve by 67.8% during the 3rd quarter. UBS Group AG now owns 4,146,917 shares of the industrial products company’s stock worth $220,367,000 after purchasing an additional 1,676,284 shares during the last quarter. AQR Capital Management LLC raised its position in Flowserve by 9.9% during the 3rd quarter. AQR Capital Management LLC now owns 3,230,118 shares of the industrial products company’s stock worth $171,648,000 after purchasing an additional 290,226 shares during the last quarter. Earnest Partners LLC raised its position in Flowserve by 5.0% during the 3rd quarter. Earnest Partners LLC now owns 2,885,879 shares of the industrial products company’s stock worth $153,356,000 after purchasing an additional 136,867 shares during the last quarter. Nuveen LLC grew its holdings in Flowserve by 6.1% during the 4th quarter. Nuveen LLC now owns 2,777,288 shares of the industrial products company’s stock worth $192,688,000 after acquiring an additional 158,661 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Flowserve by 12.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,745,206 shares of the industrial products company’s stock worth $190,468,000 after acquiring an additional 299,346 shares during the period. 93.93% of the stock is owned by institutional investors.
Flowserve Stock Down 2.9%
NYSE FLS opened at $72.79 on Friday. The business has a fifty day moving average price of $75.53 and a two-hundred day moving average price of $76.92. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.22 and a quick ratio of 1.63. Flowserve has a fifty-two week low of $48.71 and a fifty-two week high of $92.41. The stock has a market capitalization of $9.30 billion, a PE ratio of 26.96, a PEG ratio of 1.63 and a beta of 1.22.
Flowserve (NYSE:FLS – Get Free Report) last released 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 return on equity of 21.46% and a net margin of 7.61%.The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same period in the prior year, the company earned $0.72 earnings per share. The company’s quarterly revenue was down 6.7% on a year-over-year basis. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. Equities analysts expect that Flowserve will post 4.05 earnings per share for the current fiscal year.
Flowserve Announces Dividend
The company also recently declared 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 is Friday, June 26th. Flowserve’s dividend payout ratio is presently 32.59%.
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.
Featured Articles
- Five stocks we like better than Flowserve
- 3 Stocks That Could Benefit as the Robotaxi Race Heats Up
- 3 Waste Stocks Turning AI Investments into Growth
- 3 Overlooked Tech ETFs That Are Quietly Killing It This Year
- 3 ETFs Pairing Market-Beating Returns With High Dividend Yields
Receive News & Ratings for Flowserve Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Flowserve and related companies with MarketBeat.com's FREE daily email newsletter.
