Caption Management LLC Acquires Shares of 12,100 Flowserve Co. (NYSE:FLS)

Caption Management LLC bought a new position in Flowserve Co. (NYSE:FLS - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 12,100 shares of the industrial products company's stock, valued at approximately $696,000.

A number of other institutional investors have also modified their holdings of the stock. Headlands Technologies LLC grew 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 worth $28,000 after purchasing an additional 479 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in Flowserve during the 3rd quarter worth approximately $29,000. UMB Bank n.a. grew its position in shares of Flowserve by 64.2% in the 4th 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. EverSource Wealth Advisors LLC increased its holdings in shares of Flowserve by 185.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 915 shares of the industrial products company's stock valued at $53,000 after acquiring an additional 595 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its position in shares of Flowserve by 34.6% during the 4th quarter. Quadrant Capital Group LLC now owns 1,070 shares of the industrial products company's stock valued at $62,000 after acquiring an additional 275 shares in the last quarter. Institutional investors and hedge funds own 93.93% of the company's stock.

Flowserve Stock Performance

FLS opened at $46.75 on Wednesday. The company has a current ratio of 1.97, a quick ratio of 1.39 and a debt-to-equity ratio of 0.71. The business's 50 day moving average is $46.49 and its 200-day moving average is $54.93. The stock has a market cap of $6.11 billion, a PE ratio of 21.84, a price-to-earnings-growth ratio of 1.35 and a beta of 1.21. Flowserve Co. has a twelve month low of $37.34 and a twelve month high of $65.08.

Flowserve (NYSE:FLS - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $0.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.59 by $0.13. The company had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.11 billion. Flowserve had a return on equity of 17.08% and a net margin of 6.20%. The firm's quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.58 EPS. On average, analysts predict that Flowserve Co. will post 3.18 earnings per share for the current year.

Flowserve Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were paid a dividend of $0.21 per share. The ex-dividend date was Friday, March 28th. This represents a $0.84 annualized dividend and a yield of 1.80%. Flowserve's payout ratio is 39.25%.

Analyst Upgrades and Downgrades

A number of research firms have commented on FLS. TD Cowen lifted their price objective on shares of Flowserve from $60.00 to $75.00 and gave the stock a "buy" rating in a report on Thursday, January 16th. Baird R W raised shares of Flowserve from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. StockNews.com upgraded shares of Flowserve from a "hold" rating to a "buy" rating in a research note on Wednesday, April 30th. Robert W. Baird decreased their target price 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, Royal Bank of Canada increased their price target on Flowserve from $49.00 to $53.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Flowserve currently has a consensus rating of "Buy" and a consensus price target of $64.11.

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.

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