Flowserve Co. (NYSE:FLS) Shares Acquired by Oberweis Asset Management Inc.

Oberweis Asset Management Inc. boosted its stake in shares of Flowserve Co. (NYSE:FLS - Free Report) by 14.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 468,590 shares of the industrial products company's stock after buying an additional 58,628 shares during the period. Flowserve makes up approximately 1.3% of Oberweis Asset Management Inc.'s holdings, making the stock its 9th biggest holding. Oberweis Asset Management Inc. owned 0.36% of Flowserve worth $26,953,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Brasada Capital Management LP acquired a new position in Flowserve in the 4th quarter worth $949,000. Engine NO. 1 LLC acquired a new position in shares of Flowserve during the 4th quarter worth about $7,363,000. Price T Rowe Associates Inc. MD grew its holdings in shares of Flowserve by 7.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 90,714 shares of the industrial products company's stock valued at $5,219,000 after acquiring an additional 6,241 shares in the last quarter. Pinebridge Investments L.P. raised its holdings in Flowserve by 42.7% during the fourth quarter. Pinebridge Investments L.P. now owns 47,537 shares of the industrial products company's stock worth $2,734,000 after acquiring an additional 14,227 shares in the last quarter. Finally, Dark Forest Capital Management LP acquired a new position in Flowserve during the fourth quarter valued at approximately $1,409,000. Institutional investors and hedge funds own 93.93% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on FLS. Citigroup dropped their price objective on Flowserve from $72.00 to $56.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Baird R W upgraded shares of Flowserve from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. StockNews.com lowered shares of Flowserve from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. Robert W. Baird upgraded shares of Flowserve from a "neutral" rating to an "outperform" rating and set a $71.00 target price for the company in a research note on Monday, March 17th. Finally, Stifel Nicolaus reduced their price target on Flowserve from $77.00 to $50.00 and set a "buy" rating for the company in a report on Monday, April 14th. Two investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $64.30.

Flowserve Stock Performance

NYSE FLS traded down $0.04 during trading on Tuesday, reaching $44.63. The company's stock had a trading volume of 1,063,518 shares, compared to its average volume of 1,580,210. Flowserve Co. has a 12 month low of $37.34 and a 12 month high of $65.08. The firm has a 50 day moving average price of $47.58 and a 200 day moving average price of $55.28. The firm has a market capitalization of $5.88 billion, a price-to-earnings ratio of 20.85, a price-to-earnings-growth ratio of 1.35 and a beta of 1.22. The company has a current ratio of 1.97, a quick ratio of 1.39 and a debt-to-equity ratio of 0.71.

Flowserve (NYSE:FLS - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The industrial products company reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.07). Flowserve had a return on equity of 17.08% and a net margin of 6.20%. The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.21 billion. As a group, equities analysts anticipate that Flowserve Co. will post 3.18 EPS for the current fiscal year.

Flowserve Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were given a $0.21 dividend. The ex-dividend date was Friday, March 28th. This represents a $0.84 dividend on an annualized basis and a yield of 1.88%. Flowserve's dividend payout ratio is currently 39.25%.

About Flowserve

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.