Flowserve (NYSE:FLS) Rating Increased to Strong-Buy at Wall Street Zen

Wall Street Zen upgraded shares of Flowserve (NYSE:FLS) from a buy rating to a strong-buy rating in a research report sent to investors on Saturday.

FLS has been the subject of several other reports. Robert W. Baird set a $98.00 price target on Flowserve in a research note on Monday, February 9th. Citigroup lifted their price objective on Flowserve from $85.00 to $98.00 and gave the company a “buy” rating in a report on Monday, February 9th. The Goldman Sachs Group reiterated a “neutral” rating and set a $88.00 target price on shares of Flowserve in a research report on Monday, February 9th. Weiss Ratings cut shares of Flowserve from a “buy (b-)” rating to a “hold (c)” rating in a research report on Wednesday, February 18th. Finally, Jefferies Financial Group increased their price objective on shares of Flowserve from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Wednesday, December 10th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Flowserve has a consensus rating of “Moderate Buy” and a consensus price target of $88.80.

Flowserve Stock Performance

NYSE:FLS opened at $76.21 on Friday. The company has a current ratio of 2.03, a quick ratio of 1.50 and a debt-to-equity ratio of 0.68. The stock has a 50 day simple moving average of $80.21 and a 200 day simple moving average of $67.83. Flowserve has a 1-year low of $37.34 and a 1-year high of $92.41. The stock has a market cap of $9.70 billion, a P/E ratio of 29.09, a PEG ratio of 1.69 and a beta of 1.27.

Flowserve (NYSE:FLS) last announced its earnings results on Thursday, February 5th. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.17. Flowserve had a net margin of 7.32% and a return on equity of 21.19%. 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 previous year, the business posted $0.70 earnings per share. Flowserve’s quarterly revenue was up 3.5% on a year-over-year basis. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. Research analysts anticipate that Flowserve will post 3.18 earnings per share for the current year.

Flowserve Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Friday, March 27th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Friday, March 27th. This is a positive change from Flowserve’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a dividend yield of 1.2%. Flowserve’s payout ratio is currently 32.06%.

Institutional Investors Weigh In On Flowserve

Large investors have recently modified their holdings of the company. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Flowserve in the fourth quarter worth $5,019,000. MidFirst Bank acquired a new stake in Flowserve in the fourth quarter valued at approximately $382,000. Pacer Advisors Inc. increased its holdings in shares of Flowserve by 43.1% during the fourth quarter. Pacer Advisors Inc. now owns 33,923 shares of the industrial products company’s stock valued at $2,354,000 after acquiring an additional 10,221 shares in the last quarter. Monetary Solutions Ltd acquired a new position in shares of Flowserve during the fourth quarter worth approximately $891,000. Finally, T. Rowe Price Investment Management Inc. lifted its holdings in shares of Flowserve by 102.7% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,731,665 shares of the industrial products company’s stock worth $120,143,000 after purchasing an additional 877,327 shares in the last quarter. 93.93% of the stock is currently owned by institutional investors and hedge funds.

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.