ProShare Advisors LLC purchased a brand new place in Flowserve Co. (NYSE:FLS – Get Ranking) in the course of the 4th quarter, in accordance with its most up-to-date Kind 13F submitting with the Securities and Trade Fee (SEC). The agency purchased 8,510 shares of the economic merchandise firm’s inventory, valued at roughly $261,000.
A number of different institutional buyers and hedge funds have additionally purchased and bought shares of FLS. Wellington Administration Group LLP bought a brand new place in Flowserve within the first quarter price about $163,840,000. Financial institution of New York Mellon Corp lifted its place in shares of Flowserve by 61.0% in the course of the third quarter. Financial institution of New York Mellon Corp now owns 4,920,393 shares of the economic merchandise firm’s inventory valued at $119,564,000 after shopping for a further 1,864,418 shares within the final quarter. New York State Widespread Retirement Fund lifted its place in shares of Flowserve by 532.8% in the course of the third quarter. New York State Widespread Retirement Fund now owns 770,843 shares of the economic merchandise firm’s inventory valued at $18,731,000 after shopping for a further 649,035 shares within the final quarter. Turtle Creek Asset Administration Inc. lifted its place in shares of Flowserve by 23.8% in the course of the third quarter. Turtle Creek Asset Administration Inc. now owns 2,060,857 shares of the economic merchandise firm’s inventory valued at $50,079,000 after shopping for a further 396,550 shares within the final quarter. Lastly, Nice West Life Assurance Co. Can bought a brand new place in shares of Flowserve in the course of the third quarter valued at about $8,537,000. 99.88% of the inventory is owned by hedge funds and different institutional buyers.
Flowserve Buying and selling Down 0.2 %
FLS opened at $35.05 on Thursday. The agency has a market cap of $4.60 billion, a price-to-earnings ratio of 24.51, a PEG ratio of 0.92 and a beta of 1.61. The corporate has a present ratio of 1.97, a fast ratio of 1.33 and a debt-to-equity ratio of 0.66. Flowserve Co. has a 12 month low of $23.89 and a 12 month excessive of $38.86. The inventory has a fifty day shifting common value of $33.12 and a 200-day shifting common value of $32.07.
Flowserve (NYSE:FLS – Get Ranking) final launched its quarterly earnings outcomes on Monday, Could 1st. The commercial merchandise firm reported $0.40 EPS for the quarter, topping the consensus estimate of $0.26 by $0.14. Flowserve had a return on fairness of 8.14% and a web margin of 5.22%. The agency had income of $980.31 million in the course of the quarter, in comparison with analyst estimates of $898.83 million. Throughout the identical interval within the earlier yr, the corporate posted $0.07 EPS. The enterprise’s income for the quarter was up 19.4% in comparison with the identical quarter final yr. As a bunch, equities analysis analysts anticipate that Flowserve Co. will publish 1.68 earnings per share for the present fiscal yr.
Flowserve Dividend Announcement
The corporate additionally just lately disclosed a quarterly dividend, which was paid on Friday, April seventh. Stockholders of file on Friday, March twenty fourth had been issued a $0.20 dividend. This represents a $0.80 dividend on an annualized foundation and a dividend yield of two.28%. The ex-dividend date was Thursday, March twenty third. Flowserve’s dividend payout ratio is presently 55.94%.
Analyst Scores Modifications
FLS has been the subject of quite a few analysis stories. The Goldman Sachs Group lifted their value goal on Flowserve from $27.00 to $30.00 and gave the inventory a “promote” score in a analysis word on Friday, April 14th. Royal Financial institution of Canada boosted their goal value on Flowserve from $34.00 to $38.00 in a analysis report on Wednesday. Financial institution of America raised Flowserve from a “impartial” score to a “purchase” score and boosted their goal value for the corporate from $33.00 to $40.00 in a analysis report on Monday, January thirtieth. They famous that the transfer was a valuation name. StockNews.com initiated protection on Flowserve in a analysis report on Thursday, March sixteenth. They set a “purchase” score on the inventory. Lastly, Stifel Nicolaus boosted their goal value on Flowserve from $37.00 to $38.00 and gave the corporate a “purchase” score in a analysis report on Friday, January twentieth. One equities analysis analyst has rated the inventory with a promote score, 4 have assigned a maintain score and 5 have given a purchase score to the inventory. In accordance with information from MarketBeat, Flowserve at the moment has a median score of “Maintain” and a median goal value of $36.78.
Flowserve Corp. engages within the manufacture and provision of aftermarket service for complete move management programs. It operates via Flowserve Pumps Division and Stream Management Division segments. The Flowserve Pumps Division offers pumps, pre-configured industrial pumps, pump programs, mechanical seals, auxiliary programs and alternative components, and associated providers.
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