Flowserve Corporation (NYSE:FLS - Get Free Report) has received an average rating of "Moderate Buy" from the eleven ratings firms that are currently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $87.70.
Several brokerages have issued reports on FLS. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $83.00 target price on shares of Flowserve in a report on Thursday. Robert W. Baird set a $98.00 target price on shares of Flowserve in a report on Monday, February 9th. Citigroup reaffirmed a "buy" rating on shares of Flowserve in a report on Thursday. Wall Street Zen cut shares of Flowserve from a "buy" rating to a "hold" rating in a report on Saturday, April 25th. Finally, Weiss Ratings cut shares of Flowserve from a "buy (b-)" rating to a "hold (c)" rating in a report on Wednesday, February 18th.
Get Our Latest Stock Analysis on FLS
Flowserve Trading Down 2.7%
Shares of NYSE FLS opened at $71.68 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.22 and a quick ratio of 1.50. The stock has a market cap of $9.16 billion, a P/E ratio of 26.55, a price-to-earnings-growth ratio of 1.65 and a beta of 1.24. Flowserve has a 1 year low of $45.11 and a 1 year high of $92.41. The firm has a 50-day moving average of $79.96 and a 200 day moving average of $74.22.
Flowserve (NYSE:FLS - Get Free Report) last issued its earnings results on Wednesday, April 29th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.03. The business had revenue of $1.07 billion during the quarter, compared to analysts' expectations of $1.17 billion. Flowserve had a net margin of 7.61% and a return on equity of 21.46%. The business's revenue for the quarter was down 6.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.72 earnings per share. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. As a group, sell-side analysts expect that Flowserve will post 4.05 EPS for the current fiscal year.
Flowserve Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Friday, March 27th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was 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 dividend payout ratio is presently 33.59%.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in the stock. Comprehensive Money Management Services LLC raised its holdings in shares of Flowserve by 1.5% during the first quarter. Comprehensive Money Management Services LLC now owns 8,509 shares of the industrial products company's stock valued at $625,000 after purchasing an additional 125 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in Flowserve by 3.9% during the third quarter. EverSource Wealth Advisors LLC now owns 4,181 shares of the industrial products company's stock valued at $222,000 after buying an additional 157 shares during the period. BTC Capital Management Inc. grew its position in Flowserve by 2.5% during the first quarter. BTC Capital Management Inc. now owns 6,531 shares of the industrial products company's stock valued at $480,000 after buying an additional 162 shares during the period. Parallel Advisors LLC grew its position in Flowserve by 20.1% during the third quarter. Parallel Advisors LLC now owns 968 shares of the industrial products company's stock valued at $51,000 after buying an additional 162 shares during the period. Finally, IFP Advisors Inc grew its position in Flowserve by 24.4% during the third quarter. IFP Advisors Inc now owns 830 shares of the industrial products company's stock valued at $46,000 after buying an additional 163 shares during the period. 93.93% of the stock is owned by hedge funds and other institutional investors.
Flowserve Company Profile
(
Get Free Report)
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.
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