Vontobel Holding Ltd. Invests $1.30 Million in Flowserve Co. (NYSE:FLS)

Vontobel Holding Ltd. acquired a new position in Flowserve Co. (NYSE:FLS - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 31,639 shares of the industrial products company's stock, valued at approximately $1,304,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Integrated Investment Consultants LLC increased its stake in shares of Flowserve by 1.8% during the third quarter. Integrated Investment Consultants LLC now owns 14,611 shares of the industrial products company's stock worth $581,000 after purchasing an additional 262 shares in the last quarter. Treasurer of the State of North Carolina increased its stake in shares of Flowserve by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 57,444 shares of the industrial products company's stock worth $2,285,000 after purchasing an additional 290 shares in the last quarter. Verdence Capital Advisors LLC increased its stake in shares of Flowserve by 3.1% during the third quarter. Verdence Capital Advisors LLC now owns 9,606 shares of the industrial products company's stock worth $382,000 after purchasing an additional 291 shares in the last quarter. Captrust Financial Advisors increased its stake in shares of Flowserve by 17.1% during the second quarter. Captrust Financial Advisors now owns 2,073 shares of the industrial products company's stock worth $59,000 after purchasing an additional 303 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its stake in shares of Flowserve by 1.0% during the third quarter. Thrivent Financial for Lutherans now owns 34,830 shares of the industrial products company's stock worth $846,000 after purchasing an additional 341 shares in the last quarter. Hedge funds and other institutional investors own 93.93% of the company's stock.

Flowserve Trading Up 0.4 %

Shares of Flowserve stock traded up $0.17 during mid-day trading on Friday, hitting $45.80. The stock had a trading volume of 673,707 shares, compared to its average volume of 1,124,941. The firm has a 50-day moving average of $44.52 and a two-hundred day moving average of $41.01. Flowserve Co. has a 12-month low of $32.05 and a 12-month high of $48.31. The company has a quick ratio of 1.27, a current ratio of 1.88 and a debt-to-equity ratio of 0.59. The firm has a market cap of $6.01 billion, a P/E ratio of 32.48, a price-to-earnings-growth ratio of 1.30 and a beta of 1.46.

Flowserve (NYSE:FLS - Get Free Report) last issued its quarterly earnings data on Wednesday, February 21st. The industrial products company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.61 by $0.07. Flowserve had a net margin of 4.32% and a return on equity of 14.44%. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period in the prior year, the business posted $0.63 EPS. The business's revenue for the quarter was up 12.2% compared to the same quarter last year. Sell-side analysts forecast that Flowserve Co. will post 2.55 earnings per share for the current year.

Flowserve Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Thursday, March 28th were issued a $0.21 dividend. This is a positive change from Flowserve's previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 1.83%. The ex-dividend date was Wednesday, March 27th. Flowserve's dividend payout ratio is currently 59.57%.

Analyst Upgrades and Downgrades

FLS has been the subject of several research reports. Royal Bank of Canada upped their price objective on shares of Flowserve from $43.00 to $46.00 and gave the company a "sector perform" rating in a research note on Thursday, February 22nd. Stifel Nicolaus upped their price objective on shares of Flowserve from $51.00 to $53.00 and gave the company a "buy" rating in a research note on Wednesday. Citigroup upped their price objective on shares of Flowserve from $50.00 to $56.00 and gave the company a "buy" rating in a research note on Monday, April 8th. StockNews.com cut shares of Flowserve from a "strong-buy" rating to a "buy" rating in a research note on Thursday. Finally, Mizuho upped their price objective on shares of Flowserve from $48.00 to $50.00 and gave the company a "buy" rating in a research note on Thursday, February 22nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, Flowserve currently has an average rating of "Hold" and an average target price of $48.25.

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.