Flowserve Corporation (NYSE:FLS) Receives $88.80 Consensus Target Price from Brokerages

Flowserve Corporation (NYSE:FLS) has received a consensus rating of “Moderate Buy” from the twelve analysts that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $88.80.

A number of equities analysts have recently weighed in on FLS shares. The Goldman Sachs Group restated a “neutral” rating and issued a $88.00 target price on shares of Flowserve in a research note on Monday, February 9th. Royal Bank Of Canada lifted their price target on Flowserve from $83.00 to $96.00 and gave the stock an “outperform” rating in a report on Monday, February 9th. Jefferies Financial Group lifted their price target on Flowserve from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Wednesday, December 10th. Citigroup boosted their price objective on Flowserve from $85.00 to $98.00 and gave the stock a “buy” rating in a research report on Monday, February 9th. Finally, Stifel Nicolaus upped their price objective on Flowserve from $87.00 to $97.00 and gave the company a “buy” rating in a research note on Monday, February 9th.

Institutional Trading of Flowserve

Large investors have recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA grew its position in shares of Flowserve by 104.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,333,481 shares of the industrial products company’s stock valued at $230,281,000 after acquiring an additional 2,213,406 shares during the period. Boston Partners purchased a new stake in shares of Flowserve during the 2nd quarter worth approximately $223,561,000. UBS Group AG raised its holdings in shares of Flowserve by 67.8% in the 3rd quarter. UBS Group AG now owns 4,146,917 shares of the industrial products company’s stock worth $220,367,000 after purchasing an additional 1,676,284 shares during the period. AQR Capital Management LLC lifted its stake in Flowserve by 9.9% in the third quarter. AQR Capital Management LLC now owns 3,230,118 shares of the industrial products company’s stock valued at $171,648,000 after purchasing an additional 290,226 shares during the last quarter. Finally, Earnest Partners LLC lifted its stake in Flowserve by 5.0% in the third quarter. Earnest Partners LLC now owns 2,885,879 shares of the industrial products company’s stock valued at $153,356,000 after purchasing an additional 136,867 shares during the last quarter. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Flowserve Stock Performance

Shares of FLS stock opened at $74.22 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.03 and a quick ratio of 1.50. The firm has a 50-day moving average of $80.89 and a 200-day moving average of $68.76. Flowserve has a one year low of $37.34 and a one year high of $92.41. The company has a market cap of $9.45 billion, a P/E ratio of 28.33, a P/E/G ratio of 1.65 and a beta of 1.26.

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

Flowserve Increases Dividend

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

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.