Flowserve Co. (NYSE:FLS) Shares Purchased by KPP Advisory Services LLC

KPP Advisory Services LLC raised its stake in Flowserve Co. (NYSE:FLS) by 3.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,038 shares of the industrial products company’s stock after acquiring an additional 215 shares during the quarter. KPP Advisory Services LLC’s holdings in Flowserve were worth $364,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Toronto Dominion Bank grew its position in Flowserve by 0.7% during the first quarter. Toronto Dominion Bank now owns 46,570 shares of the industrial products company’s stock valued at $2,127,000 after buying an additional 305 shares during the period. Crossmark Global Holdings Inc. increased its stake in shares of Flowserve by 3.9% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 8,564 shares of the industrial products company’s stock valued at $442,000 after purchasing an additional 318 shares in the last quarter. Verdence Capital Advisors LLC grew its holdings in Flowserve by 4.5% in the third quarter. Verdence Capital Advisors LLC now owns 7,907 shares of the industrial products company’s stock valued at $409,000 after purchasing an additional 342 shares during the period. Signaturefd LLC raised its stake in shares of Flowserve by 185.9% during the 2nd quarter. Signaturefd LLC now owns 569 shares of the industrial products company’s stock worth $27,000 after buying an additional 370 shares during the period. Finally, Allworth Financial LP lifted its position in shares of Flowserve by 159.9% during the 3rd quarter. Allworth Financial LP now owns 655 shares of the industrial products company’s stock valued at $34,000 after buying an additional 403 shares in the last quarter. Institutional investors and hedge funds own 93.93% of the company’s stock.

Flowserve Trading Up 0.1 %

Shares of FLS stock opened at $59.23 on Friday. Flowserve Co. has a twelve month low of $37.24 and a twelve month high of $61.60. The stock has a market cap of $7.78 billion, a price-to-earnings ratio of 29.32, a PEG ratio of 1.44 and a beta of 1.38. The company’s 50-day moving average price is $52.97 and its 200-day moving average price is $49.93. The company has a current ratio of 1.99, a quick ratio of 1.39 and a debt-to-equity ratio of 0.56.

Flowserve (NYSE:FLS) last released its quarterly earnings results on Monday, October 28th. The industrial products company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.05). Flowserve had a return on equity of 17.10% and a net margin of 5.90%. The business had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter in the prior year, the company posted $0.50 earnings per share. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. As a group, equities analysts predict that Flowserve Co. will post 2.72 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Royal Bank of Canada increased their price objective on shares of Flowserve from $55.00 to $57.00 and gave the company a “sector perform” rating in a report on Wednesday, October 30th. TD Cowen lifted their price objective on Flowserve from $55.00 to $57.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Jefferies Financial Group initiated coverage on Flowserve in a report on Friday, October 18th. They set a “buy” rating and a $65.00 target price for the company. The Goldman Sachs Group lifted their price target on Flowserve from $46.00 to $52.00 and gave the stock a “sell” rating in a research note on Thursday, October 10th. Finally, Mizuho increased their price objective on Flowserve from $58.00 to $65.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Flowserve has a consensus rating of “Moderate Buy” and an average price target of $60.10.

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.