Flowserve Corporation (NYSE:FLS) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Flowserve Corporation (NYSE:FLS) have received an average rating of “Moderate Buy” from the twelve brokerages that are presently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $89.20.

Several equities research analysts have commented on FLS shares. Wall Street Zen lowered Flowserve from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 15th. Royal Bank Of Canada upped their price objective on Flowserve from $83.00 to $96.00 and gave the stock an “outperform” rating in a research report on Monday, February 9th. Jefferies Financial Group reaffirmed a “buy” rating and set a $90.00 target price (down from $100.00) on shares of Flowserve in a research note on Tuesday, March 31st. Robert W. Baird set a $98.00 target price on Flowserve in a research note on Monday, February 9th. Finally, Zacks Research raised Flowserve from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 2nd.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Hillsdale Investment Management Inc. acquired a new position in shares of Flowserve during the 3rd quarter worth approximately $3,034,000. D.A. Davidson & CO. raised its stake in shares of Flowserve by 67.1% during the 3rd quarter. D.A. Davidson & CO. now owns 34,914 shares of the industrial products company’s stock worth $1,855,000 after buying an additional 14,025 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in shares of Flowserve during the 3rd quarter worth approximately $2,343,000. Massachusetts Financial Services Co. MA raised its stake in Flowserve by 104.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,333,481 shares of the industrial products company’s stock valued at $230,281,000 after purchasing an additional 2,213,406 shares during the last quarter. Finally, Paradice Investment Management LLC acquired a new position in Flowserve in the 3rd quarter valued at $17,970,000. 93.93% of the stock is owned by institutional investors and hedge funds.

Flowserve Trading Up 0.2%

Flowserve stock opened at $84.57 on Tuesday. The company has a current ratio of 2.03, a quick ratio of 1.50 and a debt-to-equity ratio of 0.68. Flowserve has a 12 month low of $39.85 and a 12 month high of $92.41. The stock’s 50 day simple moving average is $80.95 and its two-hundred day simple moving average is $71.82. The firm has a market cap of $10.81 billion, a PE ratio of 32.28, a P/E/G ratio of 1.87 and a beta of 1.33.

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

Flowserve Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Friday, March 27th were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, March 27th. This is a positive change from Flowserve’s previous quarterly dividend of $0.21. Flowserve’s dividend payout ratio is currently 33.59%.

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.