Nomura Holdings Inc. Makes New $1 Million Investment in Flowserve Co. (NYSE:FLS)

Nomura Holdings Inc. bought a new position in shares of Flowserve Co. (NYSE:FLS - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 17,432 shares of the industrial products company's stock, valued at approximately $1,003,000.

Several other hedge funds have also recently modified their holdings of the company. Arizona State Retirement System lifted its position in shares of Flowserve by 0.6% during the 4th quarter. Arizona State Retirement System now owns 38,134 shares of the industrial products company's stock worth $2,193,000 after buying an additional 225 shares in the last quarter. Edmond DE Rothschild Holding S.A. lifted its position in shares of Flowserve by 0.9% during the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 26,553 shares of the industrial products company's stock worth $1,527,000 after buying an additional 236 shares in the last quarter. Savant Capital LLC lifted its position in shares of Flowserve by 0.4% during the 4th quarter. Savant Capital LLC now owns 61,565 shares of the industrial products company's stock worth $3,541,000 after buying an additional 251 shares in the last quarter. Quadrant Capital Group LLC lifted 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 worth $62,000 after buying an additional 275 shares in the last quarter. Finally, UMB Bank n.a. lifted its position in shares of Flowserve by 64.2% during the 4th quarter. UMB Bank n.a. now owns 711 shares of the industrial products company's stock worth $41,000 after buying an additional 278 shares in the last quarter. Institutional investors own 93.93% of the company's stock.

Analysts Set New Price Targets

FLS has been the topic of several recent analyst reports. Citigroup dropped their target price on shares of Flowserve from $72.00 to $56.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Mizuho lifted their price target on shares of Flowserve from $65.00 to $70.00 and gave the stock an "outperform" rating in a report on Thursday, February 20th. Robert W. Baird lowered their price target on shares of Flowserve from $71.00 to $70.00 and set an "outperform" rating on the stock in a report on Thursday, May 1st. Royal Bank of Canada lifted their price target on shares of Flowserve from $49.00 to $53.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Finally, StockNews.com raised shares of Flowserve from a "hold" rating to a "buy" rating in a report on Wednesday, April 30th. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $64.11.

Flowserve Stock Up 1.0%

Flowserve stock opened at $51.60 on Monday. Flowserve Co. has a 1-year low of $37.34 and a 1-year high of $65.08. The firm has a market capitalization of $6.75 billion, a price-to-earnings ratio of 24.11, a P/E/G ratio of 1.35 and a beta of 1.21. 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 firm has a 50 day simple moving average of $46.50 and a 200 day simple moving average of $54.76.

Flowserve (NYSE:FLS - Get Free Report) last released its quarterly earnings results 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. The firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.11 billion. Flowserve had a net margin of 6.20% and a return on equity of 17.08%. The business's revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.58 EPS. On average, analysts predict that Flowserve Co. will post 3.18 earnings per share for the current year.

Flowserve Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 11th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.63%. Flowserve's dividend payout ratio (DPR) is currently 39.25%.

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.

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