Flowserve Corp. (NYSE:FLS) has been assigned an average recommendation of “Hold” from the nineteen ratings firms that are covering the company. Four research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $42.68.

FLS has been the topic of a number of research reports. Oppenheimer Holdings Inc. reissued a “” rating on shares of Flowserve Corp. in a report on Thursday, September 8th. Stifel Nicolaus restated a “buy” rating and set a $54.00 target price on shares of Flowserve Corp. in a research note on Tuesday, August 2nd. BMO Capital Markets decreased their target price on shares of Flowserve Corp. from $44.00 to $42.00 and set a “market perform” rating on the stock in a research note on Monday, August 1st. Goldman Sachs Group Inc. upgraded shares of Flowserve Corp. from a “sell” rating to a “neutral” rating in a research note on Monday, October 31st. Finally, Northcoast Research restated a “neutral” rating on shares of Flowserve Corp. in a research note on Tuesday, August 16th.

Shares of Flowserve Corp. (NYSE:FLS) opened at 46.84 on Tuesday. The stock has a 50 day moving average of $44.38 and a 200-day moving average of $46.79. Flowserve Corp. has a 52 week low of $33.86 and a 52 week high of $52.50. The stock has a market cap of $6.11 billion, a PE ratio of 40.66 and a beta of 1.55.

Flowserve Corp. (NYSE:FLS) last posted its quarterly earnings data on Thursday, October 27th. The company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by $0.10. The business earned $943.33 million during the quarter, compared to analysts’ expectations of $974.29 million. Flowserve Corp. had a return on equity of 17.93% and a net margin of 3.60%. The business’s quarterly revenue was down 14.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.81 EPS. Equities research analysts predict that Flowserve Corp. will post $2.15 earnings per share for the current fiscal year.

In related news, CEO Mark A. Blinn sold 119,232 shares of the business’s stock in a transaction on Wednesday, November 2nd. The shares were sold at an average price of $41.64, for a total value of $4,964,820.48. Following the sale, the chief executive officer now owns 194,194 shares in the company, valued at $8,086,238.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.95% of the stock is currently owned by corporate insiders.

Large investors have recently made changes to their positions in the company. Nordea Investment Management AB raised its position in Flowserve Corp. by 29.9% in the second quarter. Nordea Investment Management AB now owns 89,731 shares of the company’s stock valued at $4,053,000 after buying an additional 20,660 shares during the last quarter. First National Bank of Mount Dora Trust Investment Services raised its position in Flowserve Corp. by 2.0% in the second quarter. First National Bank of Mount Dora Trust Investment Services now owns 27,113 shares of the company’s stock valued at $1,224,000 after buying an additional 541 shares during the last quarter. Boys Arnold & Co. Inc. purchased a new position in Flowserve Corp. during the second quarter valued at approximately $414,000. Exxonmobil Investment Management Inc. TX raised its position in Flowserve Corp. by 6.6% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 33,746 shares of the company’s stock valued at $1,524,000 after buying an additional 2,077 shares during the last quarter. Finally, Thompson Rubinstein Investment Management Inc. OR raised its position in Flowserve Corp. by 0.7% in the second quarter. Thompson Rubinstein Investment Management Inc. OR now owns 95,031 shares of the company’s stock valued at $4,293,000 after buying an additional 673 shares during the last quarter. Institutional investors own 98.02% of the company’s stock.

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Flowserve Corp. Company Profile

Flowserve Corporation is a manufacturer and aftermarket service provider of flow control systems. The Company operates through three segments: Engineered Product Division (EPD), Industrial Product Division (IPD) and Flow Control Division (FCD). Its EPD designs, manufactures, distributes and services engineered pumps and pump systems, mechanical seals, auxiliary systems, replacement parts and related equipment.

5 Day Chart for NYSE:FLS

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