FDO Partners LLC grew its holdings in shares of Flowserve Corporation (NYSE:FLS) by 64.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 79,690 shares of the industrial products company’s stock after acquiring an additional 31,304 shares during the period. Flowserve comprises approximately 1.4% of FDO Partners LLC’s holdings, making the stock its 9th largest position. FDO Partners LLC owned about 0.06% of Flowserve worth $3,394,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. First Eagle Investment Management LLC boosted its holdings in Flowserve by 2.2% in the 3rd quarter. First Eagle Investment Management LLC now owns 13,059,375 shares of the industrial products company’s stock worth $556,199,000 after buying an additional 276,377 shares during the period. Vanguard Group Inc. boosted its holdings in Flowserve by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 12,843,068 shares of the industrial products company’s stock worth $596,303,000 after buying an additional 272,324 shares during the period. BlackRock Inc. boosted its holdings in Flowserve by 2.8% in the 2nd quarter. BlackRock Inc. now owns 8,194,771 shares of the industrial products company’s stock worth $380,483,000 after buying an additional 222,016 shares during the period. EdgePoint Investment Group Inc. boosted its holdings in Flowserve by 22.2% in the 2nd quarter. EdgePoint Investment Group Inc. now owns 6,307,455 shares of the industrial products company’s stock worth $292,855,000 after buying an additional 1,146,084 shares during the period. Finally, Gamco Investors INC. ET AL boosted its holdings in Flowserve by 9.2% in the 3rd quarter. Gamco Investors INC. ET AL now owns 2,816,277 shares of the industrial products company’s stock worth $119,945,000 after buying an additional 236,752 shares during the period.

FLS has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Flowserve from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. Cowen reaffirmed a “buy” rating and issued a $50.00 target price on shares of Flowserve in a report on Thursday, August 10th. UBS raised shares of Flowserve from a “neutral” rating to a “positive” rating in a report on Tuesday, August 15th. Susquehanna Bancshares raised shares of Flowserve from a “neutral” rating to a “positive” rating and dropped their target price for the stock from $50.00 to $46.00 in a report on Tuesday, August 15th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $45.00 target price on shares of Flowserve in a report on Sunday, September 3rd. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company’s stock. Flowserve presently has an average rating of “Hold” and a consensus target price of $44.27.

Shares of Flowserve Corporation (NYSE FLS) traded down $0.19 during mid-day trading on Friday, reaching $42.39. 1,582,913 shares of the company’s stock traded hands, compared to its average volume of 1,414,260. The stock has a market cap of $5,540.00, a PE ratio of 26.36, a P/E/G ratio of 3.32 and a beta of 1.55. Flowserve Corporation has a 1-year low of $37.51 and a 1-year high of $52.10. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.30 and a current ratio of 2.12.

Flowserve (NYSE:FLS) last announced its quarterly earnings results on Wednesday, November 1st. The industrial products company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.34 by $0.03. The business had revenue of $883.38 million for the quarter, compared to analysts’ expectations of $871.20 million. Flowserve had a net margin of 4.58% and a return on equity of 12.09%. The business’s quarterly revenue was down 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.52 EPS. research analysts forecast that Flowserve Corporation will post 1.38 EPS for the current fiscal year.

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Flowserve Company Profile

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.

Institutional Ownership by Quarter for Flowserve (NYSE:FLS)

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