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

Flowserve Corporation (NYSE:FLS) has been given a consensus rating of “Moderate Buy” by the twelve brokerages that are currently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $88.80.

Several equities research analysts recently weighed in on FLS shares. Wall Street Zen downgraded shares of Flowserve from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Bank of America restated a “neutral” rating and set a $73.00 price objective (up from $60.00) on shares of Flowserve in a research report on Friday, November 14th. Royal Bank Of Canada lifted their target price on Flowserve from $83.00 to $96.00 and gave the company an “outperform” rating 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, UBS Group lifted their price target on shares of Flowserve from $65.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, November 4th.

Flowserve Price Performance

Shares of FLS opened at $88.90 on Monday. The firm has a market capitalization of $11.31 billion, a PE ratio of 33.93, a PEG ratio of 1.96 and a beta of 1.29. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.03 and a quick ratio of 1.50. Flowserve has a fifty-two week low of $37.34 and a fifty-two week high of $91.31. The company’s 50-day moving average is $77.18 and its 200-day moving average is $65.44.

Flowserve (NYSE:FLS) last posted its earnings results on Thursday, February 5th. The industrial products company reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter last year, the firm earned $0.70 earnings per share. The company’s revenue was up 3.5% on a year-over-year basis. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. Equities analysts forecast that Flowserve will post 3.18 EPS for the current year.

Flowserve Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Friday, March 27th will be given 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 yield of 1.0%. This is an increase from Flowserve’s previous quarterly dividend of $0.21. Flowserve’s dividend payout ratio is presently 33.59%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. T. Rowe Price Investment Management Inc. increased its position in Flowserve by 102.7% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,731,665 shares of the industrial products company’s stock valued at $120,143,000 after purchasing an additional 877,327 shares during the period. Invesco Ltd. increased its position in shares of Flowserve by 33.1% during the fourth quarter. Invesco Ltd. now owns 329,749 shares of the industrial products company’s stock worth $22,878,000 after buying an additional 81,996 shares during the period. Corient Private Wealth LLC increased its position in shares of Flowserve by 38.9% during the fourth quarter. Corient Private Wealth LLC now owns 11,329 shares of the industrial products company’s stock worth $787,000 after buying an additional 3,171 shares during the period. Ameriflex Group Inc. bought a new position in Flowserve during the fourth quarter worth $78,000. Finally, Vident Advisory LLC acquired a new position in Flowserve in the fourth quarter valued at $355,000. 93.93% of the stock is owned by institutional investors.

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.