Robecosam AG raised its position in Flowserve Corp (NYSE:FLS) by 134.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 263,018 shares of the industrial products company’s stock after acquiring an additional 151,051 shares during the quarter. Robecosam AG owned 0.20% of Flowserve worth $11,036,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. University of Texas Investment Managment Co. acquired a new stake in Flowserve in the fourth quarter valued at approximately $107,000. Assetmark Inc. grew its position in Flowserve by 26,030.0% in the fourth quarter. Assetmark Inc. now owns 2,613 shares of the industrial products company’s stock valued at $110,000 after acquiring an additional 2,603 shares in the last quarter. Zions Bancorporation acquired a new stake in Flowserve in the third quarter valued at approximately $117,000. Robeco Institutional Asset Management B.V. acquired a new stake in Flowserve in the fourth quarter valued at approximately $118,000. Finally, Tower Research Capital LLC TRC acquired a new stake in Flowserve in the fourth quarter valued at approximately $122,000.
Several analysts have issued reports on FLS shares. Robert W. Baird reaffirmed a “hold” rating and issued a $45.00 price objective on shares of Flowserve in a research report on Friday, December 15th. Stifel Nicolaus downgraded shares of Flowserve from a “buy” rating to a “hold” rating and set a $43.00 price objective for the company. in a research report on Monday, December 11th. Royal Bank of Canada raised shares of Flowserve from an “underperform” rating to a “sector perform” rating in a research report on Tuesday, February 20th. Zacks Investment Research downgraded shares of Flowserve from a “hold” rating to a “sell” rating in a research report on Wednesday, February 7th. Finally, Goldman Sachs Group downgraded shares of Flowserve from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $42.65 to $37.00 in a research report on Thursday, December 7th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $43.67.
Flowserve (NYSE:FLS) last released its quarterly earnings results on Thursday, February 15th. The industrial products company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.02). Flowserve had a positive return on equity of 10.36% and a negative net margin of 0.04%. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period in the previous year, the business posted $1.14 EPS. The firm’s quarterly revenue was down 3.4% compared to the same quarter last year. research analysts expect that Flowserve Corp will post 1.65 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Thursday, March 29th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date is Wednesday, March 28th. Flowserve’s payout ratio is currently -3,800.00%.
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Flowserve Corporation is a manufacturer and aftermarket service provider of flow control systems. The Company’s segments include Engineered Product Division, Industrial Product Division and Flow Control Division. Its geographic segments include North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
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