Analysts Set Flowserve Corporation (NYSE:FLS) Price Target at $87.70

Shares of Flowserve Corporation (NYSE:FLS) have earned an average rating of “Moderate Buy” from the eleven analysts that are presently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $87.70.

Several analysts have issued reports on FLS shares. TD Cowen reissued a “buy” rating on shares of Flowserve in a research note on Friday, May 1st. Stifel Nicolaus set a $92.00 target price on shares of Flowserve in a research note on Friday, May 1st. Jefferies Financial Group reissued a “buy” rating and set a $90.00 target price (down from $100.00) on shares of Flowserve in a research note on Tuesday, March 31st. Weiss Ratings downgraded shares of Flowserve from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, May 15th. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $83.00 target price on shares of Flowserve in a research note on Thursday, April 30th.

Insider Transactions at Flowserve

In other news, Director Brian D. Savoy bought 1,000 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were bought at an average cost of $67.34 per share, with a total value of $67,340.00. Following the purchase, the director directly owned 1,000 shares in the company, valued at $67,340. This trade represents a ? increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.71% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Flowserve

Several institutional investors and hedge funds have recently modified their holdings of the stock. Comprehensive Money Management Services LLC grew its holdings in shares of Flowserve by 1.5% during the 1st quarter. Comprehensive Money Management Services LLC now owns 8,509 shares of the industrial products company’s stock valued at $625,000 after acquiring an additional 125 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Flowserve by 3.9% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 4,181 shares of the industrial products company’s stock valued at $222,000 after acquiring an additional 157 shares in the last quarter. BTC Capital Management Inc. grew its holdings in shares of Flowserve by 2.5% during the 1st quarter. BTC Capital Management Inc. now owns 6,531 shares of the industrial products company’s stock valued at $480,000 after acquiring an additional 162 shares in the last quarter. Parallel Advisors LLC grew its holdings in shares of Flowserve by 20.1% during the 3rd quarter. Parallel Advisors LLC now owns 968 shares of the industrial products company’s stock valued at $51,000 after acquiring an additional 162 shares in the last quarter. Finally, IFP Advisors Inc grew its holdings in shares of Flowserve by 24.4% during the 3rd quarter. IFP Advisors Inc now owns 830 shares of the industrial products company’s stock valued at $46,000 after acquiring an additional 163 shares in the last quarter. 93.93% of the stock is currently owned by hedge funds and other institutional investors.

Flowserve Price Performance

NYSE FLS opened at $75.41 on Wednesday. The stock has a market capitalization of $9.64 billion, a P/E ratio of 27.93, a P/E/G ratio of 1.70 and a beta of 1.23. Flowserve has a 1 year low of $45.11 and a 1 year high of $92.41. The business’s fifty day moving average is $75.43 and its two-hundred day moving average is $75.87. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.63 and a current ratio of 2.22.

Flowserve (NYSE:FLS) last posted its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.03. The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Flowserve had a return on equity of 21.46% and a net margin of 7.61%.The firm’s revenue was down 6.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.72 earnings per share. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. On average, research analysts forecast that Flowserve will post 4.05 earnings per share for the current fiscal year.

Flowserve Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 26th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, June 26th. Flowserve’s payout ratio is 32.59%.

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.