Flowserve (NYSE:FLS) Downgraded to “Hold” Rating by Zacks Research

Flowserve (NYSE:FLS) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Tuesday,Zacks.com reports. Zacks Research also issued estimates for Flowserve’s Q3 2026 earnings at $0.90 EPS, FY2026 earnings at $3.65 EPS, Q3 2027 earnings at $1.03 EPS and FY2027 earnings at $4.06 EPS.

Several other equities research analysts also recently weighed in on FLS. Citigroup upped their target price on Flowserve from $58.00 to $65.00 and gave the stock a “buy” rating in a research report on Monday, July 14th. The Goldman Sachs Group upped their target price on Flowserve from $54.00 to $60.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 8th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Flowserve in a research report on Wednesday, October 8th. Stifel Nicolaus upped their target price on Flowserve from $63.00 to $66.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Finally, Royal Bank Of Canada boosted their price target on Flowserve from $64.00 to $66.00 and gave the stock an “outperform” rating in a research note on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $65.88.

Flowserve Price Performance

FLS stock opened at $51.81 on Tuesday. The stock has a 50-day moving average price of $53.62 and a two-hundred day moving average price of $50.78. Flowserve has a 12-month low of $37.34 and a 12-month high of $65.08. The company has a current ratio of 2.10, a quick ratio of 1.50 and a debt-to-equity ratio of 0.63. The company has a market cap of $6.78 billion, a PE ratio of 23.44, a price-to-earnings-growth ratio of 1.07 and a beta of 1.27.

Flowserve (NYSE:FLS) last posted its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.13. Flowserve had a return on equity of 18.25% and a net margin of 6.28%.The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.22 billion. As a group, research analysts predict that Flowserve will post 3.18 EPS for the current year.

Insider Transactions at Flowserve

In other news, insider Kirk Wilson sold 10,000 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $53.22, for a total transaction of $532,200.00. Following the sale, the insider directly owned 37,196 shares in the company, valued at approximately $1,979,571.12. This represents a 21.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.76% of the stock is owned by insiders.

Institutional Trading of Flowserve

Hedge funds have recently made changes to their positions in the stock. TD Private Client Wealth LLC bought a new stake in shares of Flowserve in the 2nd quarter worth approximately $25,000. First Horizon Advisors Inc. bought a new stake in shares of Flowserve in the 2nd quarter worth approximately $26,000. Hilltop National Bank bought a new stake in shares of Flowserve in the 2nd quarter worth approximately $31,000. IFP Advisors Inc lifted its holdings in shares of Flowserve by 1,289.6% in the 2nd quarter. IFP Advisors Inc now owns 667 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 619 shares during the last quarter. Finally, Hantz Financial Services Inc. lifted its holdings in shares of Flowserve by 149.8% in the 2nd quarter. Hantz Financial Services Inc. now owns 697 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 418 shares during the last quarter. Institutional investors own 93.93% of the company’s stock.

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.