Flowserve (NYSE:FLS) Hits New 1-Year High Following Analyst Upgrade

Flowserve Corporation (NYSE:FLS)’s stock price hit a new 52-week high during mid-day trading on Monday after Stifel Nicolaus raised their price target on the stock from $87.00 to $97.00. Stifel Nicolaus currently has a buy rating on the stock. Flowserve traded as high as $86.84 and last traded at $87.0350, with a volume of 31313 shares changing hands. The stock had previously closed at $85.46.

A number of other equities analysts have also weighed in on FLS. Wall Street Zen lowered Flowserve from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 28th. Citigroup restated a “buy” rating on shares of Flowserve in a research report on Monday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Flowserve in a research report on Thursday, January 22nd. Zacks Research cut Flowserve from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 21st. Finally, Mizuho lifted their price objective on Flowserve from $74.00 to $91.00 and gave the stock an “outperform” rating in a report on Monday. Nine equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $82.60.

Insider Buying and Selling

In other news, insider Lamar L. Duhon sold 1,609 shares of Flowserve stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $69.51, for a total transaction of $111,841.59. Following the transaction, the insider directly owned 15,116 shares of the company’s stock, valued at $1,050,713.16. The trade was a 9.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.72% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Flowserve

Several institutional investors have recently bought and sold shares of FLS. First Horizon Advisors Inc. purchased a new position in shares of Flowserve in the 2nd quarter worth $26,000. BOKF NA bought a new stake in Flowserve during the third quarter worth approximately $28,000. IFP Advisors Inc raised its position in Flowserve by 1,289.6% during the second quarter. IFP Advisors Inc now owns 667 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 619 shares during the period. Hantz Financial Services Inc. lifted its stake in shares of Flowserve by 149.8% in the 2nd quarter. Hantz Financial Services Inc. now owns 697 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 418 shares during the last quarter. Finally, Measured Wealth Private Client Group LLC purchased a new position in shares of Flowserve in the 3rd quarter worth approximately $36,000. 93.93% of the stock is owned by hedge funds and other institutional investors.

Flowserve Trading Up 1.7%

The company has a 50-day moving average price of $73.90 and a two-hundred day moving average price of $63.26. The stock has a market cap of $11.05 billion, a P/E ratio of 33.19, a P/E/G ratio of 1.48 and a beta of 1.29. The company has a current ratio of 2.03, a quick ratio of 1.50 and a debt-to-equity ratio of 0.68.

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

Flowserve Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 9th. Stockholders of record on Friday, December 26th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, December 26th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.0%. Flowserve’s dividend payout ratio is currently 32.06%.

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.