XTX Topco Ltd Reduces Stock Holdings in Flowserve Co. (NYSE:FLS)

XTX Topco Ltd cut its holdings in Flowserve Co. (NYSE:FLS - Free Report) by 64.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,563 shares of the industrial products company's stock after selling 10,249 shares during the period. XTX Topco Ltd's holdings in Flowserve were worth $320,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Headlands Technologies LLC increased its holdings in shares of Flowserve by 4,790.0% in the 4th quarter. Headlands Technologies LLC now owns 489 shares of the industrial products company's stock worth $28,000 after buying an additional 479 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Flowserve during the third quarter valued at approximately $29,000. UMB Bank n.a. grew its stake in shares of Flowserve by 64.2% during the fourth quarter. UMB Bank n.a. now owns 711 shares of the industrial products company's stock valued at $41,000 after buying an additional 278 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Flowserve by 185.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 915 shares of the industrial products company's stock worth $53,000 after buying an additional 595 shares during the period. Finally, Quadrant Capital Group LLC lifted its stake in shares of Flowserve by 34.6% during the 4th quarter. Quadrant Capital Group LLC now owns 1,070 shares of the industrial products company's stock worth $62,000 after acquiring an additional 275 shares during the last quarter. 93.93% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

FLS has been the subject of a number of research analyst reports. Stifel Nicolaus decreased their price target on Flowserve from $77.00 to $50.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Royal Bank of Canada decreased their price target on Flowserve from $69.00 to $68.00 and set an "outperform" rating for the company in a research note on Thursday, February 20th. TD Cowen raised their price target on Flowserve from $60.00 to $75.00 and gave the stock a "buy" rating in a research note on Thursday, January 16th. Baird R W raised Flowserve from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. Finally, StockNews.com raised Flowserve from a "hold" rating to a "buy" rating in a research note on Wednesday. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $64.30.

Flowserve Stock Up 0.7 %

NYSE FLS traded up $0.32 on Wednesday, reaching $45.20. 4,341,457 shares of the stock traded hands, compared to its average volume of 1,286,583. Flowserve Co. has a 12 month low of $37.34 and a 12 month high of $65.08. The company has a fifty day moving average price of $47.12 and a 200-day moving average price of $55.14. The company has a market cap of $5.95 billion, a price-to-earnings ratio of 21.12, a PEG ratio of 1.35 and a beta of 1.22. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.39 and a current ratio of 1.97.

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

Flowserve Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were issued a $0.21 dividend. The ex-dividend date was Friday, March 28th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.86%. 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.