Flowserve (NYSE:FLS) Stock Breaks Above 200-Day Moving Average – Here’s What Happened

Flowserve Corporation (NYSE:FLS)’s share price crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $76.40 and traded as high as $80.35. Flowserve shares last traded at $79.5340, with a volume of 3,722,034 shares traded.

Flowserve News Summary

Here are the key news stories impacting Flowserve this week:

• Positive Sentiment: Analysts raised their targets and ratings. Citigroup increased its price target from $92 to $93 and assigned a “buy” rating, while Royal Bank of Canada raised its target from $88 to $98 and upgraded the stock to “outperform.” The new targets imply approximately 17.5% to 23.8% potential upside from the referenced share price. Citigroup Flowserve rating Royal Bank of Canada Flowserve rating
• Positive Sentiment: Third-quarter earnings exceeded expectations. Flowserve reported adjusted earnings of $1.07 per share, above the $0.98 analyst consensus and up from $0.90 a year earlier. Revenue was approximately $1.24 billion, in line with estimates and 5.4% higher year over year, while the company delivered its fifth consecutive earnings beat. Flowserve third-quarter earnings
• Neutral Sentiment: Full-year 2026 guidance was updated. Flowserve now expects EPS of $4.10 to $4.20, modestly above the $4.10 consensus at the midpoint. Revenue guidance of $4.8 billion to $4.9 billion reaches the $4.9 billion consensus only at the high end, indicating limited room for upside on sales. Flowserve revised 2026 guidance
• Negative Sentiment: Valuation and guidance caution may weigh on the stock. With a reported price-to-earnings ratio near 40, investors may require stronger revenue growth or additional guidance increases to justify further gains. The possibility that full-year revenue lands below the consensus estimate appears to have offset the earnings beat and bullish analyst actions.

Analyst Upgrades and Downgrades

FLS has been the topic of a number of recent research reports. Mizuho dropped their target price on Flowserve from $91.00 to $85.00 and set an “outperform” rating on the stock in a report on Thursday, October 15th. Robert W. Baird set a $93.00 price target on Flowserve in a report on Friday, July 31st. Wall Street Zen upgraded shares of Flowserve from a “hold” rating to a “buy” rating in a research report on Saturday. Citigroup lifted their price objective on shares of Flowserve from $92.00 to $93.00 and gave the company a “buy” rating in a research report on Friday. Finally, Stifel Nicolaus boosted their price objective 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. Seven investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $86.00.

Flowserve Stock Performance

The stock’s 50-day moving average is $74.30 and its 200 day moving average is $76.42. The stock has a market cap of $10.04 billion, a price-to-earnings ratio of 39.78, a P/E/G ratio of 1.78 and a beta of 1.23. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.10 and a quick ratio of 1.58.

Flowserve (NYSE:FLS) last released its earnings results on Wednesday, October 28th. The industrial products company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.09. The company had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.24 billion. Flowserve had a return on equity of 22.14% and a net margin of 5.42%. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.90 EPS. As a group, analysts predict that Flowserve Corporation will post 4.12 earnings per share for the current fiscal year.

Flowserve Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 9th. Shareholders of record on Friday, September 25th were issued a $0.22 dividend. The ex-dividend date of this dividend was Friday, September 25th. This represents a $0.88 dividend on an annualized basis and a yield of 1.1%. Flowserve’s dividend payout ratio (DPR) is 44.22%.

Institutional Investors Weigh In On Flowserve

Several institutional investors have recently made changes to their positions in FLS. BlackRock Inc. bought a new position in Flowserve during the 2nd quarter worth approximately $999,631,000. PointState Capital LP bought a new stake in shares of Flowserve in the 2nd quarter valued at approximately $196,837,000. Bank of New York Mellon Corp bought a new stake in shares of Flowserve in the 2nd quarter valued at approximately $177,380,000. Bank of America Corp DE acquired a new stake in shares of Flowserve during the 2nd quarter valued at approximately $144,400,000. Finally, William Blair Investment Management LLC acquired a new stake in shares of Flowserve during the 2nd quarter valued at approximately $84,869,000. 93.93% of the stock is currently owned by hedge funds and other institutional investors.

Flowserve Company Profile

Flowserve Corporation is a global manufacturer of flow-control equipment and related services. The company designs, produces and services pumps, valves, mechanical seals and associated systems used to move, control and protect fluids in industrial processes.

Its products and services support applications across the energy, chemical and petrochemical, water, pharmaceutical, mining, power and general industrial markets. Flowserve also provides aftermarket services, including equipment repair, maintenance, upgrades and replacement parts, helping customers improve the reliability and efficiency of their operations.

Headquartered in Irving, Texas, Flowserve serves customers through manufacturing, sales and service operations in North America, Europe, Asia and other international markets.