Flowserve
This company should get a boost from the potential for an improving economy, and the proposed infrastructure build. Flowserve Corp. (NYSE: FLS) designs, manufactures, distributes and services industrial flow management equipment in the United States, the Middle East, Europe and elsewhere.
Its Flowserve Pump Division segment offers custom and pre-configured pumps and pump systems, mechanical seals, auxiliary systems, replacement parts, upgrades and related aftermarket services, including installation and commissioning services, seal systems spare parts, repairs, advanced diagnostics, rerate and upgrade solutions, retrofit programs and machining and asset management solutions. It also manufactures a gas-lubricated mechanical seal for use in high-speed compressors for gas pipelines.
The Flow Control Division segment provides engineered and industrial valve and automation solutions, including isolation and control valves, actuation, controls and related equipment, as well as equipment maintenance services for flow control systems, including advanced diagnostics, repair, installation, commissioning, retrofit programs and field machining capabilities. This segment’s products are used to control, direct and manage the flow of liquids, gases and multiphase fluids.
The company primarily serves oil and gas, chemical and pharmaceuticals, power generation and water management markets, as well as general industries, including mining and ore processing, pulp and paper, food and beverage and other smaller applications. Flowserve distributes its products through direct sales, distributors, and sales representatives.
The dividend yield here is 2.32%. The BofA Securities price objective is $40, while the consensus target is $37.30. Flowserve stock closed at $32.57 on Wednesday.
Lamb Weston
While somewhat off the radar, this is a safer play for nervous investors. Lamb Weston Holdings Inc. (NYSE: LW) produces, distributes and markets value-added frozen potato products to retail and foodservice customers; grocery, mass merchants, club and specialty retailers; and businesses, educational institutions, independent restaurants, regional chain restaurants and convenience stores worldwide.
The company offers frozen potatoes, commercial ingredients and appetizers under the Lamb Weston brand, as well as under various customer labels. It also offers its products under its owned or licensed brands, such as Grown in Idaho and Alexia, and other licensed brands, as well as under retailers’ brands. In addition, it engages in the vegetable and dairy businesses.
Lamb Weston stock comes with a 1.07% dividend. The $115 BofA Securities price target compares with a $107.80 consensus target and Wednesday’s close was at $104.17.
Lowe’s
This leading home improvement retailer has a low 6% of foreign sales, and it remains a top pick at Goldman Sachs. Lowe’s Companies Inc (NYSE: LOW) has more than 2,000 stores in the United States and Canada. The company has tempered its new store opening plans and is focusing investments on technology and e-commerce capabilities, in addition to improving its retail store productivity.
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