Quantinno Capital Management LP Has $2.04 Million Stock Holdings in Flowserve Co. (NYSE:FLS)

Quantinno Capital Management LP grew its position in Flowserve Co. (NYSE:FLS - Free Report) by 56.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 35,449 shares of the industrial products company's stock after acquiring an additional 12,768 shares during the period. Quantinno Capital Management LP's holdings in Flowserve were worth $2,039,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. Paradoxiom Capital L.P. bought a new position in shares of Flowserve in the 4th quarter valued at $9,158,000. Nomura Holdings Inc. bought a new position in shares of Flowserve in the 4th quarter valued at $1,003,000. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Flowserve during the 4th quarter worth $7,478,000. Mubadala Investment Co PJSC bought a new position in Flowserve during the 4th quarter worth $2,338,000. Finally, MJP Associates Inc. ADV bought a new position in Flowserve during the 4th quarter worth $202,000. 93.93% of the stock is currently owned by institutional investors.

Flowserve Trading Up 2.5%

Flowserve stock traded up $1.23 during trading hours on Tuesday, reaching $50.84. 1,702,922 shares of the company's stock were exchanged, compared to its average volume of 1,298,715. The company has a quick ratio of 1.39, a current ratio of 1.97 and a debt-to-equity ratio of 0.71. The firm's 50 day simple moving average is $46.56 and its 200 day simple moving average is $54.45. 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 $6.65 billion, a PE ratio of 23.76, a PEG ratio of 1.35 and a beta of 1.21.

Flowserve (NYSE:FLS - Get Free Report) last issued 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. The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.11 billion. Flowserve had a return on equity of 17.08% and a net margin of 6.20%. The firm's revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period last year, the business posted $0.58 EPS. Research analysts predict that Flowserve Co. will post 3.18 earnings per share for the current year.

Flowserve Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 27th will be paid a $0.21 dividend. The ex-dividend date is Friday, June 27th. This represents a $0.84 annualized dividend and a dividend yield of 1.65%. Flowserve's dividend payout ratio is presently 39.25%.

Analysts Set New Price Targets

Several research analysts recently issued reports on FLS shares. Baird R W raised Flowserve from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. Stifel Nicolaus raised their target price on Flowserve from $50.00 to $54.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Royal Bank of Canada raised their target price on Flowserve from $49.00 to $53.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Mizuho set a $60.00 target price on Flowserve in a research report on Friday, May 16th. Finally, Wall Street Zen raised Flowserve from a "hold" rating to a "buy" rating in a research report on Wednesday, April 30th. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Flowserve has a consensus rating of "Buy" and an average target price of $63.00.

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.