Nebula Research & Development LLC Has $1.93 Million Stake in Flowserve Co. (NYSE:FLS)

Nebula Research & Development LLC trimmed its position in shares of Flowserve Co. (NYSE:FLS - Free Report) by 40.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,598 shares of the industrial products company's stock after selling 23,018 shares during the quarter. Nebula Research & Development LLC's holdings in Flowserve were worth $1,933,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Barclays PLC raised its stake in shares of Flowserve by 17.8% during the 3rd quarter. Barclays PLC now owns 229,379 shares of the industrial products company's stock worth $11,857,000 after buying an additional 34,645 shares during the last quarter. Virtu Financial LLC purchased a new stake in Flowserve in the 3rd quarter valued at about $227,000. Wilmington Savings Fund Society FSB purchased a new stake in Flowserve in the third quarter valued at approximately $29,000. Franklin Resources Inc. raised its position in shares of Flowserve by 7.8% in the 3rd quarter. Franklin Resources Inc. now owns 70,645 shares of the industrial products company's stock worth $3,909,000 after buying an additional 5,127 shares during the period. Finally, GAMMA Investing LLC increased its stake in Flowserve by 19.1% during the fourth quarter. GAMMA Investing LLC now owns 1,807 shares of the industrial products company's stock worth $104,000 after acquiring an additional 290 shares during the last quarter. 93.93% of the stock is owned by hedge funds and other institutional investors.

Flowserve Price Performance

NYSE:FLS traded up $1.09 during mid-day trading on Thursday, reaching $46.32. 748,537 shares of the stock were exchanged, compared to its average volume of 1,284,593. The firm has a market capitalization of $6.10 billion, a PE ratio of 21.65, a PEG ratio of 1.35 and a beta of 1.22. Flowserve Co. has a 1-year low of $37.34 and a 1-year high of $65.08. 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 business has a fifty day moving average price of $47.12 and a 200 day moving average price of $55.14.

Flowserve (NYSE:FLS - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $0.72 earnings per share for the quarter, topping analysts' consensus estimates of $0.59 by $0.13. The firm had revenue of $1.14 billion for the quarter, compared to analysts' expectations of $1.11 billion. Flowserve had a return on equity of 17.08% and a net margin of 6.20%. Flowserve's revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the business posted $0.58 EPS. Research analysts expect that Flowserve Co. will post 3.18 earnings per share for the current fiscal year.

Flowserve Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date of this dividend was Friday, March 28th. Flowserve's payout ratio is presently 39.25%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on FLS shares. Citigroup cut their target price on shares of Flowserve from $72.00 to $56.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. TD Cowen lifted their price target on shares of Flowserve from $60.00 to $75.00 and gave the stock a "buy" rating in a research note on Thursday, January 16th. Royal Bank of Canada reduced their target price on Flowserve from $69.00 to $68.00 and set an "outperform" rating on the stock in a report on Thursday, February 20th. Stifel Nicolaus increased their price objective on shares of Flowserve from $50.00 to $54.00 and gave the stock a "buy" rating in a research note on Thursday. Finally, Mizuho raised their target price on Flowserve from $65.00 to $70.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $64.60.

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.