Flowserve Corporation (NYSE:FLS – Get Free Report) shares passed below its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $76.36 and traded as low as $69.45. Flowserve shares last traded at $71.4730, with a volume of 1,742,252 shares changing hands.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on FLS shares. Weiss Ratings cut shares of Flowserve from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, October 6th. Royal Bank Of Canada raised their price objective on shares of Flowserve from $91.00 to $94.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. TD Cowen lowered shares of Flowserve from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $85.00 to $70.00 in a report on Wednesday, June 24th. The Goldman Sachs Group set a $82.00 price objective on shares of Flowserve in a research report on Thursday, July 30th. Finally, Stifel Nicolaus upped their target price on shares of Flowserve from $92.00 to $94.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Six analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Flowserve presently has an average rating of “Moderate Buy” and an average target price of $86.60.
Check Out Our Latest Analysis on Flowserve
Flowserve Trading Up 1.2%
Flowserve (NYSE:FLS – Get Free Report) last posted its quarterly earnings data 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. Flowserve had a net margin of 8.01% and a return on equity of 21.42%. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same period last year, the company earned $0.91 earnings per share. The firm’s revenue was down 1.6% compared to the same quarter last year. Flowserve has set its FY 2026 guidance at 4.050-4.200 EPS. As a group, research analysts forecast that Flowserve Corporation will post 4.10 EPS for the current year.
Flowserve Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, October 9th. Investors of record on Friday, September 25th were given a $0.22 dividend. The ex-dividend date of this dividend was Friday, September 25th. This represents a $0.88 dividend on an annualized basis and a yield of 1.2%. Flowserve’s dividend payout ratio (DPR) is 30.88%.
Institutional Investors Weigh In On Flowserve
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE bought a new position in shares of Flowserve in the 2nd quarter valued at about $144,400,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Flowserve in the second quarter valued at about $3,043,000. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Flowserve during the fourth quarter worth about $5,019,000. Two Sigma Securities LLC bought a new stake in Flowserve during the second quarter worth about $485,000. Finally, Vaughan Nelson Investment Management L.P. raised its holdings in Flowserve by 7.4% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 699,295 shares of the industrial products company’s stock worth $51,405,000 after acquiring an additional 48,480 shares in the last quarter. 93.93% of the stock is owned by institutional investors.
About Flowserve
Flowserve Corporation is a global manufacturer of engineered flow-control products and services. The company designs and produces pumps, valves, mechanical seals, and related equipment used to move, control, and protect the flow of liquids and gases in industrial systems.
Its products and services support a range of industries, including oil and gas, chemical processing, power generation, water management, mining, and general industrial markets. Flowserve also provides aftermarket services such as maintenance, repair, replacement parts, equipment upgrades, and technical support to help customers maintain the performance and reliability of their flow-control systems.
Flowserve traces its corporate heritage to businesses with roots dating back to the late 18th century and has developed into an international company serving customers across North America, Europe, Asia, the Middle East, and other global markets.
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