3,598 Shares in Flowserve Co. (NYSE:FLS) Bought by PharVision Advisers LLC

PharVision Advisers LLC purchased a new position in Flowserve Co. (NYSE:FLS) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,598 shares of the industrial products company’s stock, valued at approximately $207,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FLS. Barclays PLC grew its stake in Flowserve by 17.8% in the third quarter. Barclays PLC now owns 229,379 shares of the industrial products company’s stock worth $11,857,000 after purchasing an additional 34,645 shares during the period. Merit Financial Group LLC bought a new stake in Flowserve in the fourth quarter worth $613,000. UMB Bank n.a. boosted its holdings in Flowserve by 64.2% in the fourth quarter. UMB Bank n.a. now owns 711 shares of the industrial products company’s stock worth $41,000 after acquiring an additional 278 shares in the last quarter. Simon Quick Advisors LLC bought a new stake in Flowserve in the fourth quarter worth $255,000. Finally, SG Americas Securities LLC boosted its holdings in Flowserve by 107.2% in the fourth quarter. SG Americas Securities LLC now owns 82,946 shares of the industrial products company’s stock worth $4,771,000 after acquiring an additional 42,908 shares in the last quarter. 93.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on FLS shares. Mizuho set a $60.00 target price on Flowserve in a report on Friday, May 16th. Robert W. Baird dropped their target price on Flowserve from $71.00 to $70.00 and set an “outperform” rating on the stock in a report on Thursday, May 1st. Wall Street Zen raised Flowserve from a “hold” rating to a “buy” rating in a report on Wednesday, April 30th. Stifel Nicolaus boosted their target price on Flowserve from $50.00 to $54.00 and gave the stock a “buy” rating in a report on Thursday, May 1st. Finally, Citigroup dropped their target price on Flowserve from $72.00 to $56.00 and set a “buy” rating on the stock in a report on Monday, April 14th. One equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $63.00.

Flowserve Trading Down 0.2%

Shares of NYSE:FLS opened at $49.36 on Friday. The company has a market cap of $6.45 billion, a P/E ratio of 23.06, a PEG ratio of 1.35 and a beta of 1.21. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.97 and a quick ratio of 1.39. Flowserve Co. has a 1 year low of $37.34 and a 1 year high of $65.08. The stock’s fifty day moving average price is $46.61 and its 200-day moving average price is $54.65.

Flowserve (NYSE:FLS) last announced its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.13. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.11 billion. Flowserve had a return on equity of 17.08% and a net margin of 6.20%. The company’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.58 earnings per share. Sell-side analysts expect that Flowserve Co. will post 3.18 earnings per share for the current year.

Flowserve Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 27th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date is Friday, June 27th. Flowserve’s dividend payout ratio (DPR) is presently 39.25%.

About Flowserve

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.