Capital Fund Management S.A. Acquires Shares of 100,048 Flowserve Corporation $FLS

Key Points

• Capital Fund Management S.A. has invested approximately $4.89 million in Flowserve Corporation, acquiring 100,048 shares during the first quarter, representing 0.08% ownership of the company.
• Flowserve recently announced a quarterly dividend of $0.21 per share, which will be paid on October 10th, with a current annualized yield of 1.6%.
• The company's earnings per share for the last quarter were reported at $0.91, outperforming analyst expectations of $0.78, while revenue amounted to $1.19 billion, slightly less than anticipated.

Capital Fund Management S.A. bought a new position in shares of Flowserve Corporation (NYSE:FLS - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 100,048 shares of the industrial products company's stock, valued at approximately $4,886,000. Capital Fund Management S.A. owned 0.08% of Flowserve at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FLS. Park Square Financial Group LLC acquired a new position in Flowserve during the 4th quarter worth about $33,000. Colonial Trust Co SC lifted its holdings in Flowserve by 415.7% during the 4th 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 during the period. Signaturefd LLC lifted its holdings in Flowserve by 71.5% during the 1st quarter. Signaturefd LLC now owns 1,029 shares of the industrial products company's stock worth $50,000 after buying an additional 429 shares during the period. True Wealth Design LLC lifted its stake in shares of Flowserve by 80.1% in the 4th quarter. True Wealth Design LLC now owns 886 shares of the industrial products company's stock valued at $51,000 after purchasing an additional 394 shares during the period. Finally, Strengthening Families & Communities LLC acquired a new position in shares of Flowserve in the 1st quarter valued at about $53,000. 93.93% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Flowserve news, insider Kirk Wilson sold 10,000 shares of the stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $53.22, for a total transaction of $532,200.00. Following the completion of the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.76% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Stifel Nicolaus upped their price target on Flowserve from $63.00 to $66.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Citigroup lifted their target price on Flowserve from $58.00 to $65.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Robert W. Baird decreased 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. Mizuho set a $60.00 price objective on Flowserve in a research note on Friday, May 16th. Finally, Wall Street Zen upgraded Flowserve from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 2nd. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Flowserve presently has an average rating of "Buy" and a consensus price target of $65.78.

Flowserve Stock Performance

Shares of FLS stock traded down $0.16 during trading on Thursday, hitting $54.71. The company's stock had a trading volume of 308,739 shares, compared to its average volume of 2,036,480. The company has a market cap of $7.15 billion, a PE ratio of 24.74, a P/E/G ratio of 1.12 and a beta of 1.28. The company has a current ratio of 2.10, a quick ratio of 1.50 and a debt-to-equity ratio of 0.63. The business has a fifty day moving average of $53.04 and a 200-day moving average of $50.55. Flowserve Corporation 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 earnings results 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. The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.22 billion. Flowserve had a return on equity of 18.25% and a net margin of 6.28%. As a group, research analysts anticipate that Flowserve Corporation will post 3.18 earnings per share for the current year.

Flowserve Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Friday, September 26th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Friday, September 26th. This represents a $0.84 annualized dividend and a dividend yield of 1.5%. Flowserve's dividend payout ratio is currently 38.01%.

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.