Flowserve Corporation (NYSE:FLS) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Flowserve Corporation (NYSE:FLS) have been given a consensus recommendation of “Moderate Buy” by the eleven analysts that are currently covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $86.60.

Several equities research analysts have recently issued reports on FLS shares. Royal Bank Of Canada lifted their price objective on shares of Flowserve from $91.00 to $94.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Stifel Nicolaus raised their target price on shares of Flowserve from $92.00 to $94.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Robert W. Baird set a $93.00 price target on shares of Flowserve in a report on Friday, July 31st. Weiss Ratings cut shares of Flowserve from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, August 25th. Finally, TD Cowen downgraded shares of Flowserve from a “buy” rating to a “hold” rating and dropped their price objective for the company from $85.00 to $70.00 in a report on Wednesday, June 24th.

Flowserve Trading Up 0.5%

Shares of Flowserve stock opened at $77.05 on Friday. The company has a market capitalization of $9.79 billion, a P/E ratio of 27.03, a P/E/G ratio of 1.70 and a beta of 1.25. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.58 and a current ratio of 2.15. The company has a fifty day moving average of $75.44 and a 200 day moving average of $76.59. Flowserve has a fifty-two week low of $48.71 and a fifty-two week high of $92.41.

Flowserve (NYSE:FLS) last posted its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.09. Flowserve had a return on equity of 21.42% and a net margin of 8.01%.The business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same period last year, the firm earned $0.91 earnings per share. The business’s quarterly revenue was down 1.6% on a year-over-year basis. Flowserve has set its FY 2026 guidance at 4.050-4.200 EPS. On average, sell-side analysts anticipate that Flowserve will post 4.1 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, October 9th. Shareholders of record on Friday, September 25th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.1%. The ex-dividend date is Friday, September 25th. Flowserve’s dividend payout ratio (DPR) is currently 30.88%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. purchased a new stake in Flowserve during the second quarter valued at $999,631,000. California State Teachers Retirement System grew its stake in shares of Flowserve by 7,209.3% in the 2nd quarter. California State Teachers Retirement System now owns 10,996,000 shares of the industrial products company’s stock worth $815,463,000 after buying an additional 10,845,561 shares in the last quarter. UBS Group AG increased its holdings in shares of Flowserve by 67.8% in the 3rd quarter. UBS Group AG now owns 4,146,917 shares of the industrial products company’s stock worth $220,367,000 after buying an additional 1,676,284 shares during the last quarter. AQR Capital Management LLC raised its position in shares of 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 valued at $171,648,000 after buying an additional 290,226 shares in the last quarter. Finally, Nuveen LLC raised its position in shares of Flowserve by 6.1% during the 4th quarter. Nuveen LLC now owns 2,777,288 shares of the industrial products company’s stock valued at $192,688,000 after buying an additional 158,661 shares in the last quarter. 93.93% of the stock is currently owned by institutional investors.

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.