Brokerages Set Flowserve Corporation (NYSE:FLS) Target Price at $86.60

Flowserve Corporation (NYSE:FLS) has earned an average recommendation of “Moderate Buy” from the eleven brokerages that are currently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $86.60.

A number of equities analysts have recently commented on FLS shares. Robert W. Baird set a $93.00 price target on shares of Flowserve in a research report on Friday, July 31st. Weiss Ratings upgraded shares of Flowserve from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday. Stifel Nicolaus lifted their target price on shares of Flowserve from $92.00 to $94.00 and gave the stock a “buy” rating in a report on Friday, July 31st. The Goldman Sachs Group set a $82.00 price target on shares of Flowserve in a report on Thursday, July 30th. Finally, Royal Bank Of Canada lifted their price objective on Flowserve from $91.00 to $94.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Tidal Investments LLC boosted its position in shares of Flowserve by 419.5% in the second quarter. Tidal Investments LLC now owns 70,693 shares of the industrial products company’s stock valued at $5,243,000 after acquiring an additional 57,085 shares during the period. WINTON GROUP Ltd bought a new position in Flowserve during the second quarter worth $482,000. Integrated Wealth Concepts LLC increased its position in Flowserve by 92.3% during the second quarter. Integrated Wealth Concepts LLC now owns 12,200 shares of the industrial products company’s stock worth $905,000 after acquiring an additional 5,855 shares during the period. IFP Advisors Inc raised its stake in Flowserve by 19.6% during the 2nd quarter. IFP Advisors Inc now owns 1,222 shares of the industrial products company’s stock valued at $91,000 after purchasing an additional 200 shares during the last quarter. Finally, Baird Financial Group Inc. raised its stake in Flowserve by 2.6% during the 2nd quarter. Baird Financial Group Inc. now owns 12,494 shares of the industrial products company’s stock valued at $927,000 after purchasing an additional 321 shares during the last quarter. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Flowserve Price Performance

Shares of NYSE:FLS opened at $72.89 on Friday. Flowserve has a fifty-two week low of $48.71 and a fifty-two week high of $92.41. The business has a 50-day moving average of $75.50 and a two-hundred day moving average of $76.38. The stock has a market capitalization of $9.27 billion, a P/E ratio of 25.58, a P/E/G ratio of 1.67 and a beta of 1.25. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.15 and a quick ratio of 1.58.

Flowserve (NYSE:FLS) last released its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.09. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. Flowserve had a return on equity of 21.42% and a net margin of 8.01%.The firm’s revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.91 EPS. Flowserve has set its FY 2026 guidance at 4.050-4.200 EPS. On average, equities research analysts predict that Flowserve will post 4.1 EPS for the current fiscal year.

Flowserve Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Friday, September 25th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Friday, September 25th. This represents a $0.88 dividend on an annualized basis and a yield of 1.2%. Flowserve’s dividend payout ratio (DPR) is 30.88%.

About Flowserve

Flowserve Corp. is an industrial manufacturer that designs, manufactures and services flow-control equipment used to move, control and protect fluids in industrial processes. Its product portfolio includes engineered and industrial pumps, valves, mechanical seals, aftermarket parts and related services.

The company serves customers across energy, chemical processing, water, mining, pharmaceutical, power generation and other general industrial markets. Its equipment is used in applications such as oil and gas production, refining, pipeline transportation, power generation and industrial water treatment.

Flowserve traces its corporate heritage to businesses established in the late 18th century and was formed in its current structure through the combination of established pump and flow-control companies.