Flowserve (NYSE:FLS) Share Price Breaks Below 50 Day Moving Average – Should You Sell?

Shares of Flowserve Corporation (NYSE:FLS) crossed below its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $76.35 and traded as low as $72.98. Flowserve shares last traded at $73.78, with a volume of 2,307,425 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts recently commented on FLS shares. Robert W. Baird set a $93.00 price objective on shares of Flowserve in a research report on Friday, July 31st. TD Cowen lowered Flowserve from a “buy” rating to a “hold” rating and reduced their target price for the stock from $85.00 to $70.00 in a report on Wednesday, June 24th. The Goldman Sachs Group set a $82.00 target price on Flowserve in a research note on Thursday, July 30th. Royal Bank Of Canada increased their price target on Flowserve from $91.00 to $94.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Finally, Stifel Nicolaus raised their price target on Flowserve from $92.00 to $94.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Seven investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $86.60.

Flowserve Trading Down 3.0%

The company has a market capitalization of $9.38 billion, a P/E ratio of 25.89, a price-to-earnings-growth ratio of 1.64 and a beta of 1.25. The business has a fifty day moving average price of $76.35 and a 200 day moving average price of $75.54. The company has a quick ratio of 1.58, a current ratio of 2.15 and a debt-to-equity ratio of 0.91.

Flowserve (NYSE:FLS) last posted its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.09. The business 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%.Flowserve’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period last year, the company earned $0.91 earnings per share. Flowserve has set its FY 2026 guidance at 4.050-4.200 EPS. On average, analysts expect that Flowserve Corporation will post 4.1 earnings per share for the current fiscal year.

Flowserve Dividend Announcement

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Flowserve during the 2nd quarter worth about $34,000. Global Retirement Partners LLC bought a new position in shares of Flowserve in the 2nd quarter valued at about $38,000. Keating Financial Advisory Services Inc. bought a new position in shares of Flowserve in the 2nd quarter valued at about $48,000. Measured Wealth Private Client Group LLC grew its holdings in shares of Flowserve by 31.5% in the 4th quarter. Measured Wealth Private Client Group LLC now owns 880 shares of the industrial products company’s stock valued at $61,000 after acquiring an additional 211 shares in the last quarter. Finally, Trust Co. of Vermont acquired a new stake in shares of Flowserve in the second quarter valued at about $67,000. Institutional investors own 93.93% of the company’s stock.

Flowserve Company Profile

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.