Mizuho Boosts Flowserve (NYSE:FLS) Price Target to $91.00

Flowserve (NYSE:FLS) had its price target hoisted by analysts at Mizuho from $74.00 to $91.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has an “outperform” rating on the industrial products company’s stock. Mizuho’s price target points to a potential upside of 6.38% from the company’s current price.

A number of other research firms have also weighed in on FLS. Zacks Research lowered shares of Flowserve from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 21st. Citigroup reissued a “buy” rating on shares of Flowserve in a report on Monday. UBS Group increased their price objective on shares of Flowserve from $65.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. Wall Street Zen lowered shares of Flowserve from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 28th. Finally, Bank of America reaffirmed a “neutral” rating and set a $73.00 target price (up from $60.00) on shares of Flowserve in a research note on Friday, November 14th. Nine analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $82.60.

Flowserve Trading Up 8.3%

Shares of NYSE:FLS opened at $85.54 on Monday. The stock’s 50-day simple moving average is $73.90 and its two-hundred day simple moving average is $63.26. The stock has a market capitalization of $10.87 billion, a price-to-earnings ratio of 32.65, a PEG ratio of 1.48 and a beta of 1.29. Flowserve has a 52-week low of $37.34 and a 52-week high of $86.29. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.50 and a current ratio of 2.03.

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

Insider Activity

In related news, insider Lamar L. Duhon sold 1,609 shares of the firm’s stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $69.51, for a total transaction of $111,841.59. Following the completion of the sale, the insider directly owned 15,116 shares of the company’s stock, valued at approximately $1,050,713.16. This trade represents a 9.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.72% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Boston Partners purchased a new stake in Flowserve in the 2nd quarter valued at about $223,561,000. Massachusetts Financial Services Co. MA boosted its position in Flowserve by 104.4% during 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 acquiring an additional 2,213,406 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Flowserve by 625.5% during the third quarter. JPMorgan Chase & Co. now owns 2,314,195 shares of the industrial products company’s stock valued at $122,978,000 after purchasing an additional 1,995,221 shares in the last quarter. Norges Bank purchased a new position in Flowserve in the second quarter valued at about $88,247,000. Finally, UBS Group AG grew its position 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. 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.