Golub Group LLC boosted its stake in Flowserve Corp (NYSE:FLS) by 14.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,406,489 shares of the industrial products company’s stock after acquiring an additional 181,767 shares during the quarter. Flowserve accounts for about 5.4% of Golub Group LLC’s portfolio, making the stock its 2nd biggest holding. Golub Group LLC owned 1.08% of Flowserve worth $59,255,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Verition Fund Management LLC boosted its stake in Flowserve by 2.5% during the 2nd quarter. Verition Fund Management LLC now owns 5,232 shares of the industrial products company’s stock worth $243,000 after purchasing an additional 126 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new stake in Flowserve during the 3rd quarter worth $1,799,000. Permian Investment Partners LP acquired a new position in shares of Flowserve during the 3rd quarter valued at about $28,535,000. California Public Employees Retirement System boosted its position in shares of Flowserve by 5.4% during the 4th quarter. California Public Employees Retirement System now owns 290,435 shares of the industrial products company’s stock valued at $12,236,000 after acquiring an additional 14,798 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of Flowserve by 2.1% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 657,520 shares of the industrial products company’s stock valued at $28,004,000 after acquiring an additional 13,817 shares during the last quarter.

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Shares of Flowserve Corp (NYSE FLS) opened at $43.85 on Friday. Flowserve Corp has a 52 week low of $37.51 and a 52 week high of $51.92. The company has a market capitalization of $5,833.58, a P/E ratio of -2,213.00, a PEG ratio of 1.51 and a beta of 1.52. The company has a current ratio of 2.06, a quick ratio of 1.35 and a debt-to-equity ratio of 0.90.

Flowserve (NYSE:FLS) last announced its quarterly earnings results on Thursday, February 15th. The industrial products company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the prior year, the business earned $1.14 EPS. The company’s quarterly revenue was down 3.4% compared to the same quarter last year. research analysts forecast that Flowserve Corp will post 1.66 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Thursday, March 29th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend is Wednesday, March 28th. Flowserve’s payout ratio is currently -3,800.00%.

Several brokerages have recently weighed in on FLS. Zacks Investment Research cut shares of Flowserve from a “hold” rating to a “sell” rating in a research report on Wednesday, February 7th. Stifel Nicolaus restated a “hold” rating and issued a $47.00 price objective (up from $43.00) on shares of Flowserve in a report on Tuesday, January 16th. Royal Bank of Canada upgraded shares of Flowserve from an “underperform” rating to a “sector perform” rating in a research note on Tuesday, February 20th. Goldman Sachs Group lowered shares of Flowserve from a “neutral” rating to a “sell” rating and cut their price target for the stock from $42.65 to $37.00 in a research note on Thursday, December 7th. Finally, Robert W. Baird reissued a “hold” rating and set a $45.00 price objective on shares of Flowserve in a research report on Friday, December 15th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $43.67.

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Flowserve 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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