TD Cowen Downgrades Flowserve to Hold, Sets $70 Target
TD Cowen analyst Joseph Giordano downgraded Flowserve to hold with a $70 target, a 6.65% downside from the current price.
Key Points
- On June 24, 2026, TD Cowen's Joseph Giordano downgraded Flowserve Corporation to a hold rating and set a $70 price target.
- TD Cowen's $70 price target implies 6.65% downside from Flowserve Corporation's ($FLS) current $74.99 share price.
- Flowserve shares traded near $79.98 on Wednesday, with a market cap of about $10.43 billion and a P/E ratio of 30.
- Insiders, including CEO Robert Scott Rowe, have been actively trading shares, while analysts offer mixed ratings with targets up to $102.
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On June 24, 2026, TD Cowen analyst Joseph Giordano downgraded Flowserve Corporation (NYSE:FLS) to a hold rating. He also set a new price target of $70 for the company. This move reflects a more cautious outlook on the stock's future performance.
TD Cowen vs. the S&P 500
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Flowserve Corporation Stock Down 6.6%
Shares of NYSE:FLS traded near $79.98 on Wednesday. Flowserve Corporation has a market cap of approximately $10.43 billion and a P/E ratio of 29.99. The stock has shown some volatility, with a 52-week low of $45.11 and a high of $92.41. It has a 50-day moving average of $75.97 and a 200-day moving average of $71.19. The company's beta of 1.246 indicates it is more volatile than the market.
$FLS price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Flowserve reported revenue of about $4.65 billion, although it saw a slight decline with a revenue growth rate of -6.7%. The company's net margin stands at 7.61%, with a return on equity of 17.09%. Investors can look forward to the next earnings release on July 28, 2026.
Dividend
Flowserve pays an annual dividend rate of $0.88, yielding 1.08% with a payout ratio of 31.25%. This provides a steady income stream for shareholders.
Insider Buying and Selling at Flowserve Corporation
Insider activity at Flowserve includes several transactions in recent months. On June 16, 2026, Chief Human Resources Officer Brian Boukalik bought 701 shares and sold 681 shares on the same day. Additionally, President & CEO Robert Scott Rowe purchased 58 shares at $75.51 on June 1, 2026. Other insiders like Chief Legal Officer Susan Claire Hudson and Michael McMurray also made purchases in May and June.
Analysts Set New Price Targets
On June 24, 2026, TD Cowen downgraded Flowserve to a hold rating with a $70 price target. Previously, RBC Capital maintained a buy rating with a $91 target on May 1, 2026, while Stifel and Citigroup also maintained buy ratings with targets of $102 and $97, respectively. The consensus among analysts is a mean target price of $90, with a range from $83 to $100 based on 10 analyst opinions.
About Flowserve Corporation
Flowserve Corporation, headquartered in Irving, Texas, designs and manufactures industrial flow management equipment. It serves a variety of industries, including oil and gas, power generation, and water management. The company operates through two main segments, Flowserve Pumps Division and Flow Control Division, offering products like pumps, valves, seals, and related services. Led by CEO Robert Scott Rowe, Flowserve employs around 16,000 people worldwide.
Bottom Line
TD Cowen's downgrade of Flowserve to a hold rating with a $70 price target signals a more cautious stance from the analyst. Investors should note that 13F filings and analyst ratings are backward-looking and reflect past data, not necessarily current positions. Flowserve continues to be a company to watch due to its significant role in the industrial machinery sector.
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