BRYN MAWR TRUST Co decreased its holdings in Flowserve Corp (NYSE:FLS) by 5.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,610 shares of the industrial products company’s stock after selling 1,562 shares during the period. BRYN MAWR TRUST Co’s holdings in Flowserve were worth $1,088,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. CSat Investment Advisory L.P. increased its holdings in shares of Flowserve by 91.4% in the 4th quarter. CSat Investment Advisory L.P. now owns 1,089 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 520 shares in the last quarter. Girard Partners LTD. bought a new stake in shares of Flowserve in the 3rd quarter worth $101,000. Exane Asset Management bought a new stake in shares of Flowserve in the 4th quarter worth $77,000. Enlightenment Research LLC bought a new stake in shares of Flowserve in the 4th quarter worth $95,000. Finally, Municipal Employees Retirement System of Michigan bought a new stake in shares of Flowserve in the 4th quarter worth $128,000.
A number of equities analysts have recently issued reports on FLS shares. ValuEngine upgraded Flowserve from a “hold” rating to a “buy” rating in a research note on Friday, February 15th. Zacks Investment Research downgraded Flowserve from a “hold” rating to a “sell” rating in a research note on Tuesday. TheStreet upgraded Flowserve from a “c” rating to a “b-” rating in a research note on Wednesday, February 27th. Credit Suisse Group restated a “neutral” rating and issued a $48.00 price target on shares of Flowserve in a research note on Friday, December 14th. Finally, Vertical Research upgraded Flowserve from a “sell” rating to a “hold” rating and set a $43.00 price target on the stock in a research note on Friday, December 14th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $48.85.
FLS stock opened at $43.51 on Friday. The firm has a market capitalization of $6.00 billion, a PE ratio of 24.86, a PEG ratio of 1.37 and a beta of 1.64. The company has a current ratio of 2.20, a quick ratio of 1.62 and a debt-to-equity ratio of 0.85. Flowserve Corp has a 1 year low of $35.88 and a 1 year high of $56.86.
Flowserve (NYSE:FLS) last released its earnings results on Wednesday, February 20th. The industrial products company reported $0.58 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.58. The company had revenue of $986.90 million for the quarter, compared to the consensus estimate of $1.06 billion. Flowserve had a return on equity of 12.33% and a net margin of 3.12%. Flowserve’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.50 earnings per share. On average, equities research analysts expect that Flowserve Corp will post 2.14 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, April 12th. Investors of record on Friday, March 29th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $0.76 annualized dividend and a yield of 1.75%. Flowserve’s dividend payout ratio (DPR) is presently 43.43%.
In related news, insider John Lenander sold 6,818 shares of Flowserve stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $44.75, for a total transaction of $305,105.50. Following the transaction, the insider now directly owns 22,130 shares in the company, valued at $990,317.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.31% of the stock is currently owned by insiders.
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Flowserve Company Profile
Flowserve Corporation designs, develops, 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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