Flowserve Corporation sees earnings estimate cuts and new institutional investment

Flowserve Corporation has seen shifts in both analyst expectations and institutional ownership. Zacks Research recently lowered the company’s Q3 2026 earnings per share (EPS) estimate to $1.01 from a previous projection of $1.04.

Despite the lowered earnings outlook, several financial institutions have adjusted their stances on the stock. The Royal Bank of Canada increased its price objective to $94.00 with an ‘outperform’ rating, while Goldman Sachs set a price objective of $82.00. The stock currently maintains an average rating of ‘Moderate Buy’ with a consensus price target of $86.60.

In terms of institutional activity, Energy Income Partners LLC acquired a new stake in Flowserve during the second quarter, purchasing 75,188 shares valued at approximately $5.58 million. Other investors, including Mitsubishi UFJ Asset Management Co. Ltd. and Global Retirement Partners LLC, also recently established new positions in the industrial products company.