Thompson Rubinstein Investment Management Inc. OR lifted its stake in Flowserve Corp (NYSE:FLS) by 2.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 90,016 shares of the industrial products company’s stock after acquiring an additional 1,817 shares during the quarter. Thompson Rubinstein Investment Management Inc. OR owned 0.07% of Flowserve worth $3,792,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Federated Investors Inc. PA lifted its holdings in shares of Flowserve by 1.8% in the 2nd quarter. Federated Investors Inc. PA now owns 2,539 shares of the industrial products company’s stock worth $118,000 after acquiring an additional 46 shares during the last quarter. Evercore Wealth Management LLC lifted its holdings in shares of Flowserve by 41.2% in the 2nd quarter. Evercore Wealth Management LLC now owns 2,593 shares of the industrial products company’s stock worth $120,000 after acquiring an additional 756 shares during the last quarter. Zions Bancorporation acquired a new position in shares of Flowserve in the 3rd quarter worth approximately $117,000. Sciencast Management LP acquired a new position in shares of Flowserve in the 2nd quarter worth approximately $201,000. Finally, Thrivent Financial For Lutherans lifted its holdings in shares of Flowserve by 3.5% in the 2nd quarter. Thrivent Financial For Lutherans now owns 4,970 shares of the industrial products company’s stock worth $231,000 after acquiring an additional 170 shares during the last quarter.

Shares of Flowserve Corp (FLS) traded up $1.05 on Wednesday, reaching $45.05. 1,764,500 shares of the company traded hands, compared to its average volume of 1,084,660. Flowserve Corp has a 1 year low of $37.51 and a 1 year high of $52.10. The stock has a market cap of $5,800.00, a P/E ratio of 36.63, a P/E/G ratio of 2.67 and a beta of 1.53. 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 earnings results on Wednesday, November 1st. The industrial products company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.03. Flowserve had a net margin of 4.58% and a return on equity of 12.09%. The firm had revenue of $883.38 million for the quarter, compared to the consensus estimate of $871.20 million. During the same period in the prior year, the firm earned $0.52 EPS. The firm’s revenue for the quarter was down 6.6% on a year-over-year basis. research analysts predict that Flowserve Corp will post 1.37 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 19th. Shareholders of record on Friday, January 5th will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date is Thursday, January 4th. Flowserve’s dividend payout ratio is presently 61.79%.

FLS has been the topic of several recent analyst reports. Stifel Nicolaus restated a “buy” rating and issued a $49.00 price objective on shares of Flowserve in a report on Tuesday, October 17th. Robert W. Baird reaffirmed a “hold” rating and set a $45.00 target price on shares of Flowserve in a research note on Friday, December 15th. KeyCorp reaffirmed a “hold” rating on shares of Flowserve in a research note on Thursday, September 28th. Boenning Scattergood reaffirmed a “hold” rating on shares of Flowserve in a research note on Thursday, November 2nd. Finally, Zacks Investment Research raised shares of Flowserve from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 18th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $43.92.

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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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