SPF Beheer BV lowered its holdings in Flowserve (NYSE:FLS) by 2.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,301,656 shares of the industrial products company’s stock after selling 26,767 shares during the quarter. SPF Beheer BV owned 1.00% of Flowserve worth $54,839,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also recently bought and sold shares of FLS. Nationwide Fund Advisors increased its position in Flowserve by 11.6% during the third quarter. Nationwide Fund Advisors now owns 49,927 shares of the industrial products company’s stock valued at $2,126,000 after acquiring an additional 5,200 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new stake in Flowserve during the third quarter valued at $322,000. Sei Investments Co. increased its position in Flowserve by 14.3% during the third quarter. Sei Investments Co. now owns 207,146 shares of the industrial products company’s stock valued at $8,823,000 after acquiring an additional 25,931 shares during the last quarter. New York State Common Retirement Fund increased its position in Flowserve by 6.6% during the third quarter. New York State Common Retirement Fund now owns 447,177 shares of the industrial products company’s stock valued at $19,045,000 after acquiring an additional 27,688 shares during the last quarter. Finally, Toronto Dominion Bank increased its position in Flowserve by 11.9% during the third quarter. Toronto Dominion Bank now owns 49,944 shares of the industrial products company’s stock valued at $2,127,000 after acquiring an additional 5,307 shares during the last quarter.
FLS has been the subject of a number of research reports. Robert W. Baird reiterated a “hold” rating and set a $45.00 price objective on shares of Flowserve in a research report on Friday, December 15th. Stifel Nicolaus cut Flowserve from a “buy” rating to a “hold” rating and set a $43.00 price objective for the company. in a research report on Monday, December 11th. Royal Bank of Canada upgraded Flowserve from an “underperform” rating to a “sector perform” rating in a research report on Tuesday, February 20th. Zacks Investment Research cut Flowserve from a “hold” rating to a “sell” rating in a research report on Wednesday, February 7th. Finally, Goldman Sachs cut Flowserve from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $42.65 to $37.00 in a research report on Thursday, December 7th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $43.67.
Shares of Flowserve stock opened at $44.92 on Thursday. Flowserve has a fifty-two week low of $37.51 and a fifty-two week high of $51.92. The company has a current ratio of 2.06, a quick ratio of 1.35 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of $5,768.18, a PE ratio of -2,246.00, a price-to-earnings-growth ratio of 1.49 and a beta of 1.52.
Flowserve (NYSE:FLS) last released its quarterly earnings results on Thursday, February 15th. The industrial products company reported $0.50 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.52 by ($0.02). Flowserve had a negative net margin of 0.04% and a positive return on equity of 10.36%. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the prior year, the firm posted $1.14 EPS. The business’s revenue for the quarter was down 3.4% on a year-over-year basis. equities research analysts expect that Flowserve will post 1.66 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Thursday, March 29th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.69%. The ex-dividend date is Wednesday, March 28th. Flowserve’s dividend payout ratio is presently -3,800.00%.
TRADEMARK VIOLATION WARNING: “Flowserve (FLS) Stake Decreased by SPF Beheer BV” was originally reported by The Lincolnian Online and is the property of of The Lincolnian Online. If you are reading this news story on another site, it was illegally stolen and republished in violation of United States and international trademark and copyright legislation. The original version of this news story can be read at https://www.thelincolnianonline.com/2018/03/22/flowserve-fls-stake-decreased-by-spf-beheer-bv.html.
Flowserve Corporation is a manufacturer and aftermarket service provider of flow control systems. The Company’s segments include Engineered Product Division, Industrial Product Division and Flow Control Division. Its geographic segments include North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Want to see what other hedge funds are holding FLS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Flowserve (NYSE:FLS).
Receive News & Ratings for Flowserve Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Flowserve and related companies with MarketBeat.com's FREE daily email newsletter.