Guggenheim Capital LLC trimmed its holdings in Flowserve Corp (NYSE:FLS) by 4.1% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 784,339 shares of the industrial products company’s stock after selling 33,729 shares during the quarter. Guggenheim Capital LLC’s holdings in Flowserve were worth $33,986,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in FLS. Teacher Retirement System of Texas bought a new stake in shares of Flowserve in the 4th quarter worth approximately $1,484,000. California Public Employees Retirement System lifted its holdings in shares of Flowserve by 5.4% in the 4th quarter. California Public Employees Retirement System now owns 290,435 shares of the industrial products company’s stock worth $12,236,000 after acquiring an additional 14,798 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of Flowserve by 11.0% in the 4th quarter. First Trust Advisors LP now owns 247,123 shares of the industrial products company’s stock worth $10,411,000 after acquiring an additional 24,533 shares during the last quarter. Toronto Dominion Bank lifted its holdings in shares of Flowserve by 13.4% in the 4th quarter. Toronto Dominion Bank now owns 56,661 shares of the industrial products company’s stock worth $2,387,000 after acquiring an additional 6,717 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Flowserve by 229.0% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 27,448 shares of the industrial products company’s stock worth $1,156,000 after acquiring an additional 19,104 shares during the last quarter.
NYSE:FLS opened at $40.79 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.29 and a quick ratio of 1.62. The firm has a market cap of $5.26 billion, a P/E ratio of 29.56, a PEG ratio of 1.44 and a beta of 1.42. Flowserve Corp has a 52 week low of $37.51 and a 52 week high of $48.10.
Flowserve (NYSE:FLS) last issued its quarterly earnings data on Thursday, May 10th. The industrial products company reported $0.27 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.27. The business had revenue of $919.90 million for the quarter, compared to the consensus estimate of $881.72 million. Flowserve had a negative net margin of 0.03% and a positive return on equity of 10.41%. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.25 EPS. equities research analysts expect that Flowserve Corp will post 1.64 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 6th. Shareholders of record on Friday, June 22nd will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date is Thursday, June 21st. Flowserve’s payout ratio is currently 55.88%.
A number of equities research analysts recently commented on FLS shares. Zacks Investment Research upgraded shares of Flowserve from a “sell” rating to a “hold” rating in a report on Wednesday, April 11th. DA Davidson set a $42.00 price target on shares of Flowserve and gave the company a “hold” rating in a report on Monday, May 14th. Finally, Stifel Nicolaus lowered their price target on shares of Flowserve from $44.00 to $43.00 and set a “hold” rating for the company in a report on Monday, May 14th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company’s stock. Flowserve currently has a consensus rating of “Hold” and a consensus price target of $43.46.
Flowserve Corporation designs, manufactures, distributes, and services industrial flow management equipment in the United States, Europe, the Middle East, Africa, Asia, and internationally. The company operates through three segments: Engineered Product Division (EPD), Industrial Product Division (IPD), and Flow Control Division (FCD).
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