Flowserve Co. (NYSE:FLS) Receives Consensus Rating of "Moderate Buy" from Analysts

Shares of Flowserve Co. (NYSE:FLS - Get Free Report) have received a consensus rating of "Moderate Buy" from the ten research firms that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $68.60.

A number of equities analysts have weighed in on FLS shares. Robert W. Baird lifted their price target on shares of Flowserve from $69.00 to $71.00 and gave the company a "neutral" rating in a report on Thursday, February 20th. The Goldman Sachs Group upgraded Flowserve from a "sell" rating to a "neutral" rating and lifted their target price for the company from $55.00 to $69.00 in a report on Thursday, December 12th. StockNews.com lowered Flowserve from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. Citigroup reduced their price objective on Flowserve from $73.00 to $72.00 and set a "buy" rating on the stock in a research note on Monday, January 13th. Finally, TD Cowen boosted their target price on Flowserve from $60.00 to $75.00 and gave the stock a "buy" rating in a report on Thursday, January 16th.

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Institutional Trading of Flowserve

Several institutional investors and hedge funds have recently bought and sold shares of the company. FIL Ltd increased its holdings in shares of Flowserve by 71.7% in the 4th quarter. FIL Ltd now owns 5,255,059 shares of the industrial products company's stock valued at $302,271,000 after acquiring an additional 2,193,904 shares during the last quarter. Norges Bank acquired a new position in Flowserve in the fourth quarter worth $94,629,000. Driehaus Capital Management LLC increased its stake in Flowserve by 307.1% during the fourth quarter. Driehaus Capital Management LLC now owns 1,888,917 shares of the industrial products company's stock valued at $108,651,000 after purchasing an additional 1,424,948 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Flowserve by 52.7% during the fourth quarter. Invesco Ltd. now owns 2,068,025 shares of the industrial products company's stock worth $118,953,000 after purchasing an additional 714,063 shares during the period. Finally, Point72 Asset Management L.P. lifted its position in shares of Flowserve by 197.6% in the 3rd quarter. Point72 Asset Management L.P. now owns 913,268 shares of the industrial products company's stock worth $47,207,000 after buying an additional 606,416 shares during the last quarter. Institutional investors and hedge funds own 93.93% of the company's stock.

Flowserve Trading Down 4.2 %

NYSE FLS traded down $2.12 during trading hours on Monday, hitting $48.72. 2,683,624 shares of the company's stock were exchanged, compared to its average volume of 1,132,516. The business's 50 day moving average is $59.74 and its 200-day moving average is $56.27. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.39 and a current ratio of 1.97. Flowserve has a 12-month low of $42.60 and a 12-month high of $65.08. The firm has a market capitalization of $6.42 billion, a P/E ratio of 22.77, a price-to-earnings-growth ratio of 1.35 and a beta of 1.42.

Flowserve (NYSE:FLS - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The industrial products company reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.07). Flowserve had a return on equity of 17.08% and a net margin of 6.20%. The company had revenue of $1.18 billion for the quarter, compared to analysts' expectations of $1.21 billion. As a group, analysts anticipate that Flowserve will post 3.18 EPS for the current fiscal year.

Flowserve Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be given a dividend of $0.21 per share. The ex-dividend date is Friday, March 28th. This represents a $0.84 annualized dividend and a dividend yield of 1.72%. Flowserve's payout ratio is 39.25%.

About Flowserve

Flowserve Corporation designs, manufactures, distributes, and services industrial flow management equipment in the United States, Canada, Mexico, Europe, the Middle East, Africa, and the Asia Pacific. It operates through Flowserve Pump Division (FPD) and Flow Control Division (FCD) segments. The FPD segment offers custom and pre-configured pumps and pump systems, mechanical seals, auxiliary systems, replacement parts, upgrades, and related aftermarket services; and equipment services, including installation and commissioning services, seal systems spare parts, repairs, advanced diagnostics, re-rate and upgrade solutions, retrofit programs, and machining and asset management solutions, as well as manufactures a gas-lubricated mechanical seal for use in high-speed compressors for gas pipelines and in the oil and gas production and process markets.