Nomura Holdings Inc. Purchases New Holdings in Flowserve Co. (NYSE:FLS)

Nomura Holdings Inc. acquired a new stake in shares of Flowserve Co. (NYSE:FLS - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 17,432 shares of the industrial products company's stock, valued at approximately $1,003,000.

A number of other institutional investors have also modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Flowserve by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 13,477,208 shares of the industrial products company's stock valued at $775,209,000 after buying an additional 101,668 shares during the last quarter. FIL Ltd grew its position in shares of Flowserve by 71.7% during the 4th quarter. FIL Ltd now owns 5,255,059 shares of the industrial products company's stock valued at $302,271,000 after buying an additional 2,193,904 shares during the last quarter. AQR Capital Management LLC grew its position in shares of Flowserve by 9.7% during the 4th quarter. AQR Capital Management LLC now owns 2,925,459 shares of the industrial products company's stock valued at $168,272,000 after buying an additional 258,361 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Flowserve by 1.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,368,082 shares of the industrial products company's stock valued at $136,213,000 after buying an additional 38,340 shares during the last quarter. Finally, Invesco Ltd. grew its position in Flowserve by 52.7% in the 4th quarter. Invesco Ltd. now owns 2,068,025 shares of the industrial products company's stock worth $118,953,000 after purchasing an additional 714,063 shares during the last quarter. Institutional investors own 93.93% of the company's stock.

Wall Street Analysts Forecast Growth

FLS has been the subject of several recent analyst reports. Baird R W upgraded shares of Flowserve from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. Mizuho set a $60.00 target price on shares of Flowserve in a research report on Friday, May 16th. Royal Bank of Canada upped their target price on shares of Flowserve from $49.00 to $53.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Citigroup decreased their target price 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. Finally, Wall Street Zen upgraded shares of Flowserve from a "hold" rating to a "buy" rating in a research report on Wednesday, April 30th. One research 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 data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $63.00.

Flowserve Price Performance

Shares of NYSE:FLS traded up $0.20 during trading on Friday, reaching $49.58. The company had a trading volume of 946,930 shares, compared to its average volume of 1,297,092. Flowserve Co. has a twelve month low of $37.34 and a twelve month high of $65.08. The firm has a market capitalization of $6.48 billion, a PE ratio of 23.17, a price-to-earnings-growth ratio of 1.35 and a beta of 1.21. The firm's fifty day moving average is $46.60 and its 200 day moving average is $54.58. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.39 and a current ratio of 1.97.

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

Flowserve Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 27th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend is Friday, June 27th. Flowserve's dividend payout ratio is presently 39.25%.

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.