Flowserve (NYSE:FLS) Stock Price Down 7.2% – Time to Sell?

Flowserve Corporation (NYSE:FLS)’s share price dropped 7.2% during mid-day trading on Wednesday . The stock traded as low as $74.54 and last traded at $74.1980. Approximately 1,207,529 shares were traded during trading, a decline of 39% from the average session volume of 1,963,979 shares. The stock had previously closed at $79.98.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on FLS shares. Stifel Nicolaus set a $92.00 target price on Flowserve in a report on Friday, May 1st. Citigroup reaffirmed a “buy” rating on shares of Flowserve in a report on Thursday, April 30th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $83.00 price objective on shares of Flowserve in a research report on Thursday, April 30th. Wall Street Zen downgraded Flowserve from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Finally, Royal Bank Of Canada cut their target price on Flowserve from $98.00 to $91.00 and set an “outperform” rating on the stock in a research report on Friday, May 1st. Seven analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Flowserve currently has an average rating of “Moderate Buy” and an average price target of $86.70.

Flowserve Price Performance

The company’s 50 day moving average is $76.02 and its 200 day moving average is $76.93. The company has a current ratio of 2.22, a quick ratio of 1.63 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $9.30 billion, a price-to-earnings ratio of 27.01, a price-to-earnings-growth ratio of 1.84 and a beta of 1.22.

Flowserve (NYSE:FLS) last released its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $1.17 billion. Flowserve had a net margin of 7.61% and a return on equity of 21.46%. Flowserve’s revenue for the quarter was down 6.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.72 earnings per share. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. Research analysts anticipate that Flowserve Corporation will post 4.05 EPS for the current fiscal year.

Flowserve Announces Dividend

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

Insider Transactions at Flowserve

In other news, Director Brian D. Savoy purchased 1,000 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The shares were purchased at an average price of $67.34 per share, for a total transaction of $67,340.00. Following the purchase, the director directly owned 1,000 shares of the company’s stock, valued at $67,340. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.71% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Flowserve

Large investors have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Flowserve by 1,300.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 203,715 shares of the industrial products company’s stock worth $14,967,000 after buying an additional 189,165 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Flowserve in the 3rd quarter valued at about $2,343,000. Exchange Traded Concepts LLC raised its stake in Flowserve by 19.2% during the 4th quarter. Exchange Traded Concepts LLC now owns 128,436 shares of the industrial products company’s stock valued at $8,911,000 after acquiring an additional 20,725 shares during the last quarter. William Blair Investment Management LLC raised its stake in Flowserve by 142.4% during the 4th quarter. William Blair Investment Management LLC now owns 1,048,137 shares of the industrial products company’s stock valued at $72,720,000 after acquiring an additional 615,769 shares during the last quarter. Finally, Horizon Investments LLC acquired a new stake in Flowserve during the 4th quarter worth approximately $4,826,000. 93.93% of the stock is owned by institutional investors and hedge funds.

Flowserve Company Profile

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.