Flowserve (NYSE:FLS) Stock Gets Price Target Cut from Mizuho

Flowserve (NYSE:FLS) had its price objective trimmed by Mizuho from $91.00 to $85.00 in a report released on Thursday morning, Marketbeat reports. The firm currently has an outperform rating on the industrial products company’s stock.

A number of other brokerages also recently issued reports on FLS. Weiss Ratings downgraded Flowserve from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, October 6th. The Goldman Sachs Group set a $82.00 price objective on Flowserve in a report on Thursday, July 30th. TD Cowen lowered Flowserve from a “buy” rating to a “hold” rating and dropped their price objective for the company from $85.00 to $70.00 in a report on Wednesday, June 24th. Robert W. Baird set a $93.00 price objective on Flowserve in a research report on Friday, July 31st. Finally, Stifel Nicolaus upped their target price on Flowserve from $92.00 to $94.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Six analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $85.40.

Flowserve Stock Performance

Shares of NYSE FLS opened at $70.59 on Thursday. The company has a market capitalization of $8.97 billion, a PE ratio of 24.77, a price-to-earnings-growth ratio of 1.57 and a beta of 1.23. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.58 and a current ratio of 2.15. The company’s fifty day moving average price is $75.85 and its 200 day moving average price is $75.25. Flowserve has a 1 year low of $49.74 and a 1 year high of $92.41.

Flowserve (NYSE:FLS) last released its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.09. Flowserve had a net margin of 8.01% and a return on equity of 21.42%. The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the previous year, the company earned $0.91 earnings per share. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. Flowserve has set its FY 2026 guidance at 4.050-4.200 EPS. On average, research analysts predict that Flowserve will post 4.10 earnings per share for the current year.

Flowserve Announces Dividend

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

Institutional Investors Weigh In On Flowserve

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. purchased a new stake in Flowserve in the 2nd quarter valued at $999,631,000. PointState Capital LP acquired a new stake in shares of Flowserve in the 2nd quarter worth $196,837,000. Bank of New York Mellon Corp increased its stake in shares of Flowserve by 5.1% in the 1st quarter. Bank of New York Mellon Corp now owns 2,448,977 shares of the industrial products company’s stock worth $180,024,000 after acquiring an additional 118,254 shares during the last quarter. Bank of America Corp DE purchased a new position in shares of Flowserve during the 2nd quarter worth $144,400,000. Finally, William Blair Investment Management LLC purchased a new position in shares of Flowserve during the 2nd quarter worth $84,869,000. Institutional investors and hedge funds own 93.93% of the company’s stock.

Flowserve Company Profile

Flowserve Corporation is a global manufacturer of engineered flow-control products and services. The company designs and produces pumps, valves, mechanical seals, and related equipment used to move, control, and protect the flow of liquids and gases in industrial systems.

Its products and services support a range of industries, including oil and gas, chemical processing, power generation, water management, mining, and general industrial markets. Flowserve also provides aftermarket services such as maintenance, repair, replacement parts, equipment upgrades, and technical support to help customers maintain the performance and reliability of their flow-control systems.

Flowserve traces its corporate heritage to businesses with roots dating back to the late 18th century and has developed into an international company serving customers across North America, Europe, Asia, the Middle East, and other global markets.