Susquehanna Fundamental Investments LLC Makes New Investment in Flowserve Co. (NYSE:FLS)

Susquehanna Fundamental Investments LLC purchased a new stake in shares of Flowserve Co. (NYSE:FLS - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 113,505 shares of the industrial products company's stock, valued at approximately $6,529,000. Susquehanna Fundamental Investments LLC owned about 0.09% of Flowserve at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. New York Life Investment Management LLC acquired a new position in shares of Flowserve during the fourth quarter worth $800,000. American Century Companies Inc. increased its holdings in Flowserve by 25.9% in the 4th quarter. American Century Companies Inc. now owns 110,994 shares of the industrial products company's stock worth $6,384,000 after purchasing an additional 22,850 shares in the last quarter. New Age Alpha Advisors LLC bought a new position in Flowserve in the fourth quarter valued at about $422,000. Commonwealth Equity Services LLC boosted its stake in shares of Flowserve by 103.0% during the fourth quarter. Commonwealth Equity Services LLC now owns 20,806 shares of the industrial products company's stock valued at $1,197,000 after purchasing an additional 10,557 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of 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 purchasing an additional 290 shares during the last quarter. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FLS has been the subject of a number of research reports. Mizuho raised their price objective on shares of Flowserve from $65.00 to $70.00 and gave the company an "outperform" rating in a report on Thursday, February 20th. Robert W. Baird dropped their price target on shares of Flowserve from $71.00 to $70.00 and set an "outperform" rating for the company in a research note on Thursday. StockNews.com raised Flowserve from a "hold" rating to a "buy" rating in a research report on Wednesday. Stifel Nicolaus increased their price target on Flowserve from $50.00 to $54.00 and gave the company a "buy" rating in a research note on Thursday. Finally, Citigroup lowered their price objective on Flowserve from $72.00 to $56.00 and set a "buy" rating for the company in a research report on Monday, April 14th. One equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $64.11.

Flowserve Trading Up 3.0 %

FLS stock traded up $1.38 during mid-day trading on Friday, reaching $47.54. The company's stock had a trading volume of 1,963,985 shares, compared to its average volume of 1,285,893. Flowserve Co. has a 12 month low of $37.34 and a 12 month 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's 50 day moving average price is $46.80 and its 200 day moving average price is $55.03. The company has a market cap of $6.21 billion, a price-to-earnings ratio of 22.22, a price-to-earnings-growth ratio of 1.35 and a beta of 1.21.

Flowserve (NYSE:FLS - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.13. The company had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.11 billion. Flowserve had a net margin of 6.20% and a return on equity of 17.08%. Flowserve's revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.58 EPS. On average, equities research analysts predict that Flowserve Co. will post 3.18 EPS for the current 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 paid a $0.21 dividend. The ex-dividend date of this dividend was Friday, March 28th. This represents a $0.84 annualized dividend and a dividend yield of 1.77%. Flowserve's dividend payout ratio is presently 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.