6,947 Shares in Flowserve Co. (NYSE:FLS) Acquired by FORA Capital LLC

FORA Capital LLC purchased a new position in shares of Flowserve Co. (NYSE:FLS - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,947 shares of the industrial products company's stock, valued at approximately $400,000.

Several other large investors also recently made changes to their positions in the business. Arizona State Retirement System boosted its stake in Flowserve by 0.6% during the 4th quarter. Arizona State Retirement System now owns 38,134 shares of the industrial products company's stock valued at $2,193,000 after acquiring an additional 225 shares during the last quarter. Edmond DE Rothschild Holding S.A. boosted its stake in 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 valued at $1,527,000 after acquiring an additional 236 shares during the last quarter. Savant Capital LLC boosted its stake in Flowserve by 0.4% during the 4th quarter. Savant Capital LLC now owns 61,565 shares of the industrial products company's stock valued at $3,541,000 after acquiring an additional 251 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in Flowserve by 34.6% during the 4th quarter. Quadrant Capital Group LLC now owns 1,070 shares of the industrial products company's stock valued at $62,000 after acquiring an additional 275 shares during the last quarter. Finally, UMB Bank n.a. lifted its position in shares of Flowserve by 64.2% in 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 during the last quarter. Institutional investors and hedge funds own 93.93% of the company's stock.

Wall Street Analysts Forecast Growth

FLS has been the topic of a number of recent research reports. Stifel Nicolaus raised their price target on shares of Flowserve from $50.00 to $54.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Baird R W upgraded shares of Flowserve from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. Citigroup reduced their price target 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. TD Cowen lifted their price objective on shares of Flowserve from $60.00 to $75.00 and gave the company a "buy" rating in a research report on Thursday, January 16th. Finally, Royal Bank of Canada lifted their price objective on shares of Flowserve from $49.00 to $53.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. One analyst has rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $64.11.

Flowserve Price Performance

Shares of FLS traded down $0.03 during mid-day trading on Wednesday, hitting $52.08. The company's stock had a trading volume of 1,382,199 shares, compared to its average volume of 1,288,138. The firm has a 50-day moving average price of $46.32 and a 200 day moving average price of $54.77. The stock has a market capitalization of $6.81 billion, a price-to-earnings ratio of 24.34, a PEG ratio of 1.35 and a beta of 1.21. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.97 and a quick ratio of 1.39. Flowserve Co. has a fifty-two week low of $37.34 and a fifty-two week high of $65.08.

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

Flowserve Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend was Friday, March 28th. Flowserve's dividend payout ratio (DPR) is currently 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.