Flowserve Co. (NYSE:FLS) Stock Holdings Boosted by Pacer Advisors Inc.

Pacer Advisors Inc. lifted its position in shares of Flowserve Co. (NYSE:FLSFree Report) by 79.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 19,723 shares of the industrial products company’s stock after acquiring an additional 8,708 shares during the period. Pacer Advisors Inc.’s holdings in Flowserve were worth $813,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Raymond James & Associates grew its position in shares of Flowserve by 1.0% during the fourth quarter. Raymond James & Associates now owns 435,577 shares of the industrial products company’s stock worth $17,954,000 after acquiring an additional 4,354 shares during the last quarter. Contravisory Investment Management Inc. acquired a new stake in Flowserve in the fourth quarter worth about $26,000. Woodstock Corp lifted its holdings in Flowserve by 4.2% in the fourth quarter. Woodstock Corp now owns 90,124 shares of the industrial products company’s stock worth $3,715,000 after purchasing an additional 3,655 shares during the period. Diversified Trust Co acquired a new stake in Flowserve in the fourth quarter worth about $3,249,000. Finally, Vanguard Group Inc. lifted its holdings in Flowserve by 0.5% in the third quarter. Vanguard Group Inc. now owns 13,260,754 shares of the industrial products company’s stock worth $527,380,000 after purchasing an additional 71,320 shares during the period. Institutional investors own 93.93% of the company’s stock.

Flowserve Price Performance

Shares of NYSE FLS opened at $47.02 on Thursday. The company has a current ratio of 1.88, a quick ratio of 1.27 and a debt-to-equity ratio of 0.59. Flowserve Co. has a twelve month low of $31.92 and a twelve month high of $47.02. The company has a market capitalization of $6.17 billion, a price-to-earnings ratio of 33.35, a PEG ratio of 1.31 and a beta of 1.46. The firm has a 50-day moving average of $43.08 and a two-hundred day moving average of $40.35.

Flowserve (NYSE:FLSGet Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The industrial products company reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.07. Flowserve had a net margin of 4.32% and a return on equity of 14.44%. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same period in the prior year, the firm earned $0.63 earnings per share. The business’s quarterly revenue was up 12.2% on a year-over-year basis. As a group, analysts expect that Flowserve Co. will post 2.54 earnings per share for the current fiscal year.

Flowserve Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 12th. Shareholders of record on Thursday, March 28th will be paid a dividend of $0.21 per share. The ex-dividend date is Wednesday, March 27th. This is a positive change from Flowserve’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a yield of 1.79%. Flowserve’s dividend payout ratio is currently 59.57%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on FLS. Royal Bank of Canada upped their price objective on shares of Flowserve from $43.00 to $46.00 and gave the stock a “sector perform” rating in a report on Thursday, February 22nd. Mizuho upped their price objective on shares of Flowserve from $48.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. Robert W. Baird upped their price objective on shares of Flowserve from $46.00 to $50.00 and gave the stock a “neutral” rating in a report on Thursday, February 22nd. Finally, StockNews.com raised shares of Flowserve from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 22nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Flowserve presently has a consensus rating of “Moderate Buy” and an average target price of $46.57.

View Our Latest Report on Flowserve

About Flowserve

(Free Report)

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.

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Institutional Ownership by Quarter for Flowserve (NYSE:FLS)

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