Flowserve (NYSE:FLS) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Flowserve (NYSE:FLS) had its target price upped by equities research analysts at Stifel Nicolaus from $87.00 to $97.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the industrial products company’s stock. Stifel Nicolaus’ target price indicates a potential upside of 13.40% from the stock’s current price.

FLS has been the topic of several other research reports. Bank of America reissued a “neutral” rating and set a $73.00 target price (up previously from $60.00) on shares of Flowserve in a research note on Friday, November 14th. Royal Bank Of Canada reissued an “outperform” rating and set a $83.00 target price on shares of Flowserve in a report on Thursday, January 15th. TD Cowen restated a “buy” rating on shares of Flowserve in a research report on Tuesday, November 4th. Wall Street Zen cut Flowserve from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 28th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Flowserve in a report on Thursday, January 22nd. Nine equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $82.60.

Flowserve Stock Up 8.3%

Shares of Flowserve stock opened at $85.54 on Monday. 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 1-year low of $37.34 and a 1-year high of $86.29. The business’s fifty day moving average price is $73.90 and its two-hundred day moving average price is $63.26. The company has a market capitalization of $10.87 billion, a P/E ratio of 32.65, a PEG ratio of 1.48 and a beta of 1.29.

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

Insider Activity

In other news, insider Lamar L. Duhon sold 1,609 shares of the company’s stock in a transaction 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 $1,050,713.16. This represents a 9.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.72% of the stock is owned by company insiders.

Institutional Investors Weigh In On Flowserve

A number of large investors have recently made changes to their positions in FLS. Goldman Sachs Group Inc. raised its position in Flowserve by 48.2% during the first quarter. Goldman Sachs Group Inc. now owns 471,893 shares of the industrial products company’s stock valued at $23,047,000 after buying an additional 153,553 shares during the period. Sivia Capital Partners LLC purchased a new stake in shares of Flowserve in the second quarter worth approximately $313,000. KLP Kapitalforvaltning AS boosted its holdings in shares of Flowserve by 6.3% during the second quarter. KLP Kapitalforvaltning AS now owns 27,100 shares of the industrial products company’s stock worth $1,424,000 after purchasing an additional 1,600 shares during the period. US Bancorp DE grew its position in Flowserve by 27.9% during the second quarter. US Bancorp DE now owns 12,286 shares of the industrial products company’s stock valued at $643,000 after purchasing an additional 2,677 shares in the last quarter. Finally, Blair William & Co. IL increased its stake in Flowserve by 48.5% in the 2nd quarter. Blair William & Co. IL now owns 20,061 shares of the industrial products company’s stock valued at $1,050,000 after buying an additional 6,552 shares during the period. Institutional investors and hedge funds own 93.93% of the company’s stock.

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.