Flowserve Corporation (NYSE:FLS) Receives $86.70 Consensus Target Price from Brokerages

Shares of Flowserve Corporation (NYSE:FLS) have received an average rating of “Moderate Buy” from the eleven brokerages that are presently covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $86.70.

Several research analysts recently commented on the stock. Wall Street Zen lowered shares of Flowserve from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Royal Bank Of Canada lowered their target price on shares of Flowserve from $98.00 to $91.00 and set an “outperform” rating for the company in a research note on Friday, May 1st. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $83.00 price target on shares of Flowserve in a report on Thursday, April 30th. Citigroup reaffirmed a “buy” rating on shares of Flowserve in a research report on Thursday, April 30th. Finally, Zacks Research lowered Flowserve from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 15th.

Flowserve Price Performance

FLS opened at $66.73 on Thursday. The firm has a market capitalization of $8.53 billion, a PE ratio of 24.71, a price-to-earnings-growth ratio of 1.54 and a beta of 1.23. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.22 and a quick ratio of 1.63. The business’s 50-day moving average is $72.90 and its two-hundred day moving average is $76.91. Flowserve has a 1 year low of $48.71 and a 1 year high of $92.41.

Flowserve (NYSE:FLS) last released its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.82 by $0.03. Flowserve had a net margin of 7.61% and a return on equity of 21.46%. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same period in the prior year, the firm posted $0.72 earnings per share. The company’s quarterly revenue was down 6.7% 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 4.05 earnings per share for the current fiscal year.

Flowserve Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Friday, June 26th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Friday, June 26th. Flowserve’s dividend payout ratio is currently 32.59%.

Insider Buying and Selling

In other Flowserve news, Director Brian D. Savoy purchased 1,000 shares of the stock in a transaction on Thursday, May 14th. The stock was acquired at an average price of $67.34 per share, with a total value of $67,340.00. Following the completion of the acquisition, the director owned 1,000 shares in the company, valued at $67,340. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.71% of the company’s stock.

Hedge Funds Weigh In On Flowserve

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Fulton Bank N.A. acquired a new stake in Flowserve in the 2nd quarter worth approximately $498,000. Revolve Wealth Partners LLC acquired a new position in Flowserve during the 2nd quarter valued at approximately $590,000. Legacy Wealth Asset Management LLC acquired a new position in Flowserve during the 2nd quarter valued at approximately $249,000. Castle Rock Wealth Management LLC raised its holdings in shares of Flowserve by 9.8% in the second quarter. Castle Rock Wealth Management LLC now owns 12,480 shares of the industrial products company’s stock worth $903,000 after buying an additional 1,115 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC raised its holdings in shares of Flowserve by 3.9% in the second quarter. Dynamic Advisor Solutions LLC now owns 4,682 shares of the industrial products company’s stock worth $347,000 after buying an additional 176 shares during the last quarter. 93.93% of the stock is owned by hedge funds and other institutional investors.

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.