Deprince Race & Zollo Inc. Lowers Stock Holdings in Flowserve Co. (NYSE:FLS)

Deprince Race & Zollo Inc. lowered its holdings in Flowserve Co. (NYSE:FLS - Free Report) by 39.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 797,957 shares of the industrial products company's stock after selling 509,837 shares during the quarter. Deprince Race & Zollo Inc. owned approximately 0.61% of Flowserve worth $45,898,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FLS. Headlands Technologies LLC boosted its holdings in shares of Flowserve by 4,790.0% during the 4th 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 in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Flowserve during the 3rd quarter valued at about $29,000. Colonial Trust Co SC lifted its stake in shares of Flowserve by 415.7% in the fourth quarter. Colonial Trust Co SC now owns 593 shares of the industrial products company's stock worth $34,000 after buying an additional 478 shares in the last quarter. UMB Bank n.a. raised its holdings in 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 during the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Flowserve by 185.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 915 shares of the industrial products company's stock worth $53,000 after purchasing an additional 595 shares during the last quarter. Institutional investors own 93.93% of the company's stock.

Flowserve Trading Up 2.8%

Shares of NYSE FLS traded up $1.42 during trading on Tuesday, reaching $52.25. The stock had a trading volume of 694,459 shares, compared to its average volume of 1,279,921. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.39 and a current ratio of 1.97. The company has a market cap of $6.83 billion, a P/E ratio of 24.42, a PEG ratio of 1.35 and a beta of 1.21. The business's 50-day moving average price is $46.18 and its 200-day moving average price is $54.81. Flowserve Co. has a fifty-two week low of $37.34 and a fifty-two 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 EPS for the quarter, beating analysts' consensus estimates of $0.59 by $0.13. Flowserve had a return on equity of 17.08% and a net margin of 6.20%. The business had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the prior year, the business posted $0.58 EPS. The business's revenue for the quarter was up 5.2% on a year-over-year basis. On average, equities research analysts predict that Flowserve Co. will post 3.18 EPS for the current fiscal year.

Flowserve Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were given 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 1.61%. Flowserve's payout ratio is currently 39.25%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on FLS. Citigroup cut their price objective on shares of Flowserve from $72.00 to $56.00 and set a "buy" rating for the company in a research report on Monday, April 14th. StockNews.com raised shares of Flowserve from a "hold" rating to a "buy" rating in a report on Wednesday, April 30th. 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 report on Thursday, May 1st. TD Cowen upped their price objective on Flowserve from $60.00 to $75.00 and gave the company a "buy" rating in a research report on Thursday, January 16th. Finally, Mizuho upped their target price on Flowserve from $65.00 to $70.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th. One research analyst has rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $64.11.

Flowserve Company 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.