Flowserve
About: Flowserve Corp is a manufacturer and aftermarket service provider of comprehensive flow control systems. It develops precision-engineered flow control equipment to monitor movement and protect customers' materials and processes. It offers an extensive range of pumps, valves, seals, and services for several industries, including oil and gas, chemical, power generation, and water management. In addition, Flowserve has a network of Quick Response Centers to provide aftermarket equipment services. The aftermarket services help customers with installation, diagnostics, repair, and retrofitting. Sales are roughly split across many regions, with North America and Europe contributing the majority of total revenue.
Employees: 16,000
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 8 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
35% more first-time investments, than exits
New positions opened: 65 | Existing positions closed: 48
17% more repeat investments, than reductions
Existing positions increased: 163 | Existing positions reduced: 139
4% more funds holding
Funds holding: 414 [Q2] → 431 (+17) [Q3]
3% more capital invested
Capital invested by funds: $6.07B [Q2] → $6.28B (+$211M) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 2 [Q2] → 2 (+0) [Q3]
3.35% less ownership
Funds ownership: 95.78% [Q2] → 92.43% (-3.35%) [Q3]
36% less call options, than puts
Call options by funds: $19.9M | Put options by funds: $31.2M
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$61
5%
upside
Avg. target
$67
15%
upside
High target
$73
26%
upside
8 analyst ratings
6 positive
75%
2 neutral
25%
0 negative
0%
Goldman Sachs Joe Ritchie 70% 1-year accuracy 19 / 27 met price target | 19%upside $69 | Neutral Upgraded | 12 Dec 2024 |
Citigroup Andrew Kaplowitz 61% 1-year accuracy 41 / 67 met price target | 26%upside $73 | Buy Maintained | 9 Dec 2024 |
RBC Capital Deane Dray 54% 1-year accuracy 35 / 65 met price target | 19%upside $69 | Outperform Upgraded | 22 Nov 2024 |
B of A Securities Andrew Obin 80% 1-year accuracy 20 / 25 met price target | 12%upside $65 | Buy Maintained | 30 Oct 2024 |
Baird Michael Halloran 59% 1-year accuracy 17 / 29 met price target | 14%upside $66 | Neutral Maintained | 30 Oct 2024 |
Financial journalist opinion
Neutral
Business Wire
4 days ago
Flowserve Announces Quarterly Cash Dividend of $0.21 Per Share
DALLAS--(BUSINESS WIRE)--Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, announced that its Board of Directors has authorized a quarterly cash dividend of $0.21 per share on the company's outstanding shares of common stock. The dividend is payable January 10, 2025, to shareholders of record as of the close of business on December 27, 2024. While Flowserve currently intends to pay regular quarterly cash dividends.
Positive
Zacks Investment Research
2 weeks ago
Flowserve Stock Gains From Business Strength Despite Headwinds
FLS benefits from strength across its original equipment and aftermarket businesses, solid bookings and shareholder-friendly policies. However, rising costs and expenses remain concerning.
Positive
Seeking Alpha
1 month ago
Flowserve: The Case For Picks And Shovels
Flowserve is yet another good example of why index exclusions tend to outperform index inclusions. Although the stock has skyrocketed over the past two years, the long-term opportunity has not been diminished. I show why the company is well-positioned to capitalize on expected oil & gas production increases over the coming years.
Neutral
Business Wire
1 month ago
Flowserve Announces Upcoming Investor Events
DALLAS--(BUSINESS WIRE)--Flowserve Corporation (NYSE: FLS) (“Flowserve” or the “Company”), a leading provider of flow control products and services for the global infrastructure markets, announced today its participation in the following upcoming investor events: On November 7, Flowserve will host an investor reception in New York City. Scott Rowe, President and Chief Executive Officer, and other members of management will be present. Attendance for this event requires pre-registration, as spac.
Neutral
Seeking Alpha
1 month ago
Flowserve Corporation (FLS) Q3 2024 Earnings Call Transcript
Flowserve Corporation (NYSE:FLS ) Q3 2024 Results Conference Call October 29, 2024 10:00 AM ET Company Participants Brian Ezzell - VP, IR, Treasurer and Corporate Finance Scott Rowe - President and Chief Executive Officer Amy Schwetz - Senior Vice President and Chief Financial Officer Conference Call Participants Andy Kaplowitz - Citigroup Nathan Jones - Stifel Deane Dray - RBC Capital Markets Mike Halloran - Baird Andrew Obin - Bank of America Joe Giordano - TD Cowen Damian Karas - UBS Saree Boroditsky - Jefferies Joe Ritchie - Goldman Sachs Eric Look - Mizuho Operator Ladies and gentlemen, good day, and welcome to the Q3 2024 Flowserve Corporation Earnings Conference Call. Today's conference is being recorded.
Neutral
Zacks Investment Research
1 month ago
Flowserve's Q3 Earnings Miss Estimates, Revenues Increase Y/Y
FLS' third-quarter 2024 revenues increase 3.5% year over year, driven by the impressive performance of its Flowserve Pumps Division and Flow Control Division units.
Positive
Zacks Investment Research
1 month ago
Flowserve (FLS) Reports Q3 Earnings: What Key Metrics Have to Say
Although the revenue and EPS for Flowserve (FLS) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Negative
Zacks Investment Research
1 month ago
Flowserve (FLS) Misses Q3 Earnings Estimates
Flowserve (FLS) came out with quarterly earnings of $0.62 per share, missing the Zacks Consensus Estimate of $0.67 per share. This compares to earnings of $0.50 per share a year ago.
Neutral
Business Wire
1 month ago
Flowserve Corporation Reports Third Quarter 2024 Results; Reaffirms 2024 Adjusted EPS Guidance
DALLAS--(BUSINESS WIRE)--Flowserve Corporation (NYSE: FLS) (“Flowserve” or the “Company”), a leading provider of flow control products and services for the global infrastructure markets, today announced its financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights (all comparisons to the 2023 third quarter, unless otherwise noted) Total bookings were $1.20 billion, up $136.1 million or 12.7%. On a constant currency basis4, total bookings were up $142.8 mill.
Positive
Zacks Investment Research
1 month ago
Here's Why Flowserve (FLS) is a Strong Growth Stock
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