Point72 Hong Kong Ltd Has $918,000 Holdings in Flowserve Co. (NYSE:FLS)

Point72 Hong Kong Ltd trimmed its holdings in shares of Flowserve Co. (NYSE:FLS - Free Report) by 49.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,961 shares of the industrial products company's stock after selling 15,881 shares during the period. Point72 Hong Kong Ltd's holdings in Flowserve were worth $918,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in shares of Flowserve by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 13,477,208 shares of the industrial products company's stock valued at $775,209,000 after purchasing an additional 101,668 shares during the period. FIL Ltd lifted its position in shares of Flowserve by 71.7% during the 4th quarter. FIL Ltd now owns 5,255,059 shares of the industrial products company's stock valued at $302,271,000 after acquiring an additional 2,193,904 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of Flowserve by 9.7% in the 4th quarter. AQR Capital Management LLC now owns 2,925,459 shares of the industrial products company's stock valued at $168,272,000 after purchasing an additional 258,361 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Flowserve by 1.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,368,082 shares of the industrial products company's stock valued at $136,213,000 after acquiring an additional 38,340 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in Flowserve by 52.7% in the 4th quarter. Invesco Ltd. now owns 2,068,025 shares of the industrial products company's stock worth $118,953,000 after acquiring an additional 714,063 shares in the last quarter. Institutional investors and hedge funds own 93.93% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on FLS shares. StockNews.com raised Flowserve from a "hold" rating to a "buy" rating in a report on Wednesday, April 30th. Stifel Nicolaus increased their target price on shares of Flowserve from $50.00 to $54.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Baird R W raised Flowserve from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. Citigroup cut their price target on shares of Flowserve from $72.00 to $56.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Finally, Mizuho set a $60.00 target price on shares of Flowserve in a research report on Friday. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $63.00.

Flowserve Trading Down 0.4%

Shares of FLS stock traded down $0.22 on Monday, reaching $51.40. 874,769 shares of the stock were exchanged, compared to its average volume of 1,296,564. The stock has a market cap of $6.72 billion, a PE ratio of 24.02, a P/E/G ratio of 1.35 and a beta of 1.21. Flowserve Co. has a one year low of $37.34 and a one year high of $65.08. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.97 and a quick ratio of 1.39. The stock has a 50 day moving average price of $46.56 and a 200 day moving average price of $54.74.

Flowserve (NYSE:FLS - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $0.72 earnings per share for the quarter, beating analysts' consensus estimates of $0.59 by $0.13. The company had revenue of $1.14 billion for 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 quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.58 EPS. Equities research analysts forecast that Flowserve Co. will post 3.18 EPS for the current fiscal year.

Flowserve Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 27th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.63%. The ex-dividend date is Friday, June 27th. Flowserve's dividend payout ratio (DPR) is 39.25%.

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.