3 hours Ago By Defense World Staff
Victory Capital Management Inc. reduced its stake in Flowserve Co. ( NYSE:FLS – Free Report ) by 27.
3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 134,311 shares of the industrial products company’s stock after selling 50,553 shares during the quarter. Victory Capital Management Inc.
owned 0.10% of Flowserve worth $7,726,000 as of its most recent SEC filing. Other institutional investors have also added to or reduced their stakes in the company.
True Wealth Design LLC bought a new stake in Flowserve during the 3rd quarter worth about $25,000. Wilmington Savings Fund Society FSB bought a new stake in Flowserve during the 3rd quarter worth about $29,000. Ashton Thomas Securities LLC bought a new stake in Flowserve during the 3rd quarter worth about $29,000.
UMB Bank n.a. lifted its position in Flowserve by 64.
2% during the 4th quarter. UMB Bank n.a.
now owns 711 shares of the industrial products company’s stock worth $41,000 after buying an additional 278 shares in the last quarter. Finally, Brooklyn Investment Group bought a new stake in Flowserve during the 3rd quarter worth about $42,000. 93.
93% of the stock is owned by institutional investors. Analyst Upgrades and Downgrades A number of equities research analysts have recently issued reports on FLS shares. Stifel Nicolaus upped their target price on shares of Flowserve from $75.
00 to $77.00 and gave the company a “buy” rating in a report on Thursday, February 20th. Mizuho upped their target price on shares of Flowserve from $65.
00 to $70.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. StockNews.
com cut shares of Flowserve from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Royal Bank of Canada dropped their target price on shares of Flowserve from $69.00 to $68.
00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. Finally, The Goldman Sachs Group raised shares of Flowserve from a “sell” rating to a “neutral” rating and upped their target price for the company from $55.00 to $69.
00 in a report on Thursday, December 12th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.
com, Flowserve has a consensus rating of “Moderate Buy” and a consensus target price of $68.60. Flowserve Trading Up 2.
9 % NYSE FLS opened at $49.00 on Friday. The company has a quick ratio of 1.
39, a current ratio of 1.97 and a debt-to-equity ratio of 0.71.
The stock’s 50 day moving average is $58.55 and its 200 day moving average is $56.20.
Flowserve Co. has a twelve month low of $43.66 and a twelve month high of $65.
08. The firm has a market capitalization of $6.45 billion, a PE ratio of 22.
89, a P/E/G ratio of 1.35 and a beta of 1.43.
Flowserve ( NYSE:FLS – Get Free Report ) last announced its quarterly earnings results on Tuesday, February 18th. The industrial products company reported $0.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.
77 by ($0.07). The business had revenue of $1.
18 billion for the quarter, compared to the consensus estimate of $1.21 billion. Flowserve had a net margin of 6.
20% and a return on equity of 17.08%. Research analysts forecast that Flowserve Co.
will post 3.18 earnings per share for the current fiscal year. Flowserve Dividend Announcement The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th.
Stockholders of record on Friday, March 28th will be paid a $0.21 dividend. This represents a $0.
84 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date is Friday, March 28th.
Flowserve’s dividend payout ratio (DPR) is 39.25%. About Flowserve ( Free Report ) 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. See Also Five stocks we like better than Flowserve Want to Profit on the Downtrend? Downtrends, Explained.
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