Paradoxiom Capital L.P. Buys Shares of 159,206 Flowserve Co. (NYSE:FLS)

Paradoxiom Capital L.P. purchased a new stake in Flowserve Co. (NYSE:FLS - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 159,206 shares of the industrial products company's stock, valued at approximately $9,158,000. Flowserve makes up approximately 3.8% of Paradoxiom Capital L.P.'s investment portfolio, making the stock its 12th biggest holding. Paradoxiom Capital L.P. owned about 0.12% of Flowserve as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Headlands Technologies LLC lifted its stake in Flowserve by 4,790.0% in the fourth quarter. Headlands Technologies LLC now owns 489 shares of the industrial products company's stock valued at $28,000 after buying an additional 479 shares during the last quarter. Colonial Trust Co SC lifted its stake in Flowserve by 415.7% in the fourth quarter. Colonial Trust Co SC now owns 593 shares of the industrial products company's stock valued at $34,000 after buying an additional 478 shares during the last quarter. UMB Bank n.a. lifted its stake in Flowserve by 64.2% in the fourth quarter. UMB Bank n.a. now owns 711 shares of the industrial products company's stock valued at $41,000 after buying an additional 278 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in Flowserve by 185.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 915 shares of the industrial products company's stock valued at $53,000 after buying an additional 595 shares during the last quarter. Finally, Quadrant Capital Group LLC lifted its stake in Flowserve by 34.6% in the fourth quarter. Quadrant Capital Group LLC now owns 1,070 shares of the industrial products company's stock valued at $62,000 after buying an additional 275 shares during the last quarter. 93.93% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FLS has been the subject of a number of research reports. Baird R W upgraded Flowserve from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. Mizuho upped their price target on Flowserve from $65.00 to $70.00 and gave the stock an "outperform" rating in a research note on Thursday, February 20th. Stifel Nicolaus upped their price target on Flowserve from $50.00 to $54.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Robert W. Baird cut their price target on Flowserve from $71.00 to $70.00 and set an "outperform" rating for the company in a research note on Thursday, May 1st. Finally, StockNews.com upgraded Flowserve from a "hold" rating to a "buy" rating in a research note on Wednesday, April 30th. One research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Flowserve has an average rating of "Buy" and an average target price of $64.11.

Flowserve Price Performance

NYSE:FLS traded up $0.52 during trading hours on Friday, hitting $51.60. The company's stock had a trading volume of 1,701,566 shares, compared to its average volume of 1,295,685. The business's 50-day moving average is $46.50 and its two-hundred day moving average is $54.74. The company has a market capitalization of $6.75 billion, a PE ratio of 24.11, a PEG ratio of 1.35 and a beta of 1.21. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.39 and a current ratio of 1.97. Flowserve Co. has a 52-week low of $37.34 and a 52-week high of $65.08.

Flowserve (NYSE:FLS - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.13. The firm had revenue of $1.14 billion during the quarter, compared to analysts' expectations of $1.11 billion. Flowserve had a return on equity of 17.08% and a net margin of 6.20%. Flowserve's revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.58 earnings per share. As a group, research analysts anticipate that Flowserve Co. will post 3.18 EPS for the current fiscal year.

Flowserve Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.63%. The ex-dividend date was Friday, March 28th. Flowserve's payout ratio is 39.25%.

Flowserve Profile

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.