Flowserve Corporation $FLS Holdings Raised by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. lifted its stake in shares of Flowserve Corporation (NYSE:FLS - Free Report) by 96.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,429 shares of the industrial products company's stock after purchasing an additional 5,604 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Flowserve were worth $558,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Driehaus Capital Management LLC lifted its position in shares of Flowserve by 307.1% in the fourth quarter. Driehaus Capital Management LLC now owns 1,888,917 shares of the industrial products company's stock valued at $108,651,000 after acquiring an additional 1,424,948 shares in the last quarter. Point72 Asset Management L.P. boosted its position in Flowserve by 57.7% during the fourth quarter. Point72 Asset Management L.P. now owns 1,440,518 shares of the industrial products company's stock worth $82,859,000 after acquiring an additional 527,250 shares during the last quarter. Moore Capital Management LP purchased a new stake in Flowserve in the 4th quarter worth approximately $23,102,000. Marshall Wace LLP lifted its stake in shares of Flowserve by 1,625.3% during the 4th quarter. Marshall Wace LLP now owns 354,126 shares of the industrial products company's stock worth $20,369,000 after purchasing an additional 333,600 shares during the period. Finally, Canada Pension Plan Investment Board boosted its holdings in shares of Flowserve by 172.3% during the fourth quarter. Canada Pension Plan Investment Board now owns 508,200 shares of the industrial products company's stock worth $29,232,000 after purchasing an additional 321,600 shares during the last quarter. Hedge funds and other institutional investors own 93.93% of the company's stock.

Flowserve Stock Performance

Shares of NYSE:FLS traded up $0.53 on Monday, hitting $53.15. The company's stock had a trading volume of 261,535 shares, compared to its average volume of 2,073,665. The stock's 50-day moving average is $52.07 and its two-hundred day moving average is $50.91. The company has a market capitalization of $6.95 billion, a price-to-earnings ratio of 24.05, a price-to-earnings-growth ratio of 1.10 and a beta of 1.28. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.50 and a current ratio of 2.10. Flowserve Corporation has a 12 month low of $37.34 and a 12 month high of $65.08.

Flowserve (NYSE:FLS - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.13. Flowserve had a net margin of 6.28% and a return on equity of 18.25%. The business had revenue of $1.19 billion during the quarter, compared to analysts' expectations of $1.22 billion. On average, equities research analysts forecast that Flowserve Corporation will post 3.18 EPS for the current year.

Flowserve Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Friday, September 26th will be given a $0.21 dividend. The ex-dividend date is Friday, September 26th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.6%. Flowserve's dividend payout ratio (DPR) is 38.01%.

Insider Buying and Selling at Flowserve

In other Flowserve news, insider Kirk Wilson sold 10,000 shares of the company's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $53.22, for a total transaction of $532,200.00. Following the completion of the sale, the insider directly owned 37,196 shares of the company's stock, valued at approximately $1,979,571.12. This represents a 21.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.72% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Wall Street Zen upgraded Flowserve from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 2nd. The Goldman Sachs Group boosted their target price on shares of Flowserve from $54.00 to $60.00 and gave the company a "neutral" rating in a report on Tuesday, July 8th. Mizuho set a $60.00 price target on shares of Flowserve in a report on Friday, May 16th. Stifel Nicolaus increased their target price on Flowserve from $63.00 to $66.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Finally, Royal Bank Of Canada boosted their price target on Flowserve from $64.00 to $66.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $65.78.

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.