Flowserve (NYSE:FLS) Upgraded at Wall Street Zen

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

Several other equities analysts have also recently issued reports on FLS. Weiss Ratings cut shares of Flowserve from a “buy (b-)” rating to a “hold (c)” rating in a research note on Wednesday, February 18th. Zacks Research raised shares of Flowserve from a “hold” rating to a “strong-buy” rating in a report on Monday, March 2nd. The Goldman Sachs Group restated a “neutral” rating and set a $88.00 price objective on shares of Flowserve in a research report on Monday, February 9th. Robert W. Baird set a $98.00 target price on shares of Flowserve in a report on Monday, February 9th. Finally, Stifel Nicolaus lifted their target price on shares of Flowserve from $87.00 to $97.00 and gave the stock a “buy” rating in a research report on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $88.80.

Flowserve Stock Up 1.3%

FLS stock opened at $77.19 on Friday. Flowserve has a 1-year low of $37.34 and a 1-year high of $92.41. The business has a fifty day moving average price of $80.35 and a 200-day moving average price of $68.12. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.03 and a quick ratio of 1.50. The stock has a market capitalization of $9.82 billion, a P/E ratio of 29.46, a P/E/G ratio of 1.69 and a beta of 1.26.

Flowserve (NYSE:FLS) last released its quarterly earnings data on Thursday, February 5th. The industrial products company reported $1.11 EPS for the quarter, beating 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 company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same period last year, the firm posted $0.70 earnings per share. Flowserve’s 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. Equities analysts forecast that Flowserve will post 3.18 earnings per share for the current fiscal year.

Flowserve Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Friday, March 27th will be paid a dividend of $0.22 per share. The ex-dividend date is Friday, March 27th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.1%. This is an increase from Flowserve’s previous quarterly dividend of $0.21. Flowserve’s dividend payout ratio is presently 32.06%.

Hedge Funds Weigh In On Flowserve

Several institutional investors have recently made changes to their positions in the business. First Horizon Advisors Inc. bought a new stake in Flowserve during the second quarter valued at approximately $26,000. BOKF NA purchased a new stake in shares of Flowserve in the 3rd quarter worth $28,000. Atlas Capital Advisors Inc. bought a new position in Flowserve in the 4th quarter worth $36,000. Measured Wealth Private Client Group LLC bought a new position in Flowserve in the 3rd quarter worth $36,000. Finally, Bruce G. Allen Investments LLC purchased a new position in Flowserve during the third quarter valued at $40,000. Institutional investors own 93.93% of the company’s stock.

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.