Flowserve Co. (NYSE:FLS) Shares Bought by Savant Capital LLC

Savant Capital LLC lifted its position in Flowserve Co. (NYSE:FLS) by 0.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 61,565 shares of the industrial products company’s stock after acquiring an additional 251 shares during the period. Savant Capital LLC’s holdings in Flowserve were worth $3,541,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. State Street Corp boosted its holdings in shares of Flowserve by 1.0% during the third quarter. State Street Corp now owns 3,886,111 shares of the industrial products company’s stock worth $201,685,000 after purchasing an additional 37,132 shares during the period. Vestcor Inc acquired a new stake in Flowserve in the third quarter valued at approximately $714,000. Stifel Financial Corp lifted its stake in Flowserve by 14.0% in the third quarter. Stifel Financial Corp now owns 244,139 shares of the industrial products company’s stock valued at $12,619,000 after acquiring an additional 29,979 shares during the last quarter. Algert Global LLC lifted its stake in Flowserve by 130.3% in the third quarter. Algert Global LLC now owns 109,079 shares of the industrial products company’s stock valued at $5,638,000 after acquiring an additional 61,710 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in Flowserve by 34.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,664,825 shares of the industrial products company’s stock valued at $86,055,000 after acquiring an additional 422,141 shares during the last quarter. 93.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on FLS shares. Stifel Nicolaus lifted their target price on shares of Flowserve from $72.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, January 24th. TD Cowen lifted their target price on shares of Flowserve from $60.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. The Goldman Sachs Group upgraded shares of Flowserve from a “sell” rating to a “neutral” rating and lifted their target price for the company from $55.00 to $69.00 in a research note on Thursday, December 12th. Royal Bank of Canada upgraded shares of Flowserve from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from $57.00 to $69.00 in a research note on Friday, November 22nd. Finally, Mizuho boosted their price objective on shares of Flowserve from $58.00 to $65.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Flowserve has a consensus rating of “Moderate Buy” and an average price target of $67.50.

Flowserve Trading Down 0.7 %

Shares of FLS stock opened at $63.12 on Wednesday. Flowserve Co. has a 1 year low of $40.78 and a 1 year high of $65.08. The firm’s fifty day simple moving average is $60.67 and its 200 day simple moving average is $55.20. The firm has a market capitalization of $8.29 billion, a P/E ratio of 31.25, a price-to-earnings-growth ratio of 1.29 and a beta of 1.42. The company has a current ratio of 1.99, a quick ratio of 1.39 and a debt-to-equity ratio of 0.56.

Flowserve Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 27th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend was Friday, December 27th. Flowserve’s dividend payout ratio (DPR) is currently 41.58%.

Flowserve Company Profile

Flowserve Corporation designs, manufactures, distributes, and services industrial flow management equipment in the United States, Canada, Mexico, Europe, the Middle East, Africa, and the Asia Pacific. It operates through Flowserve Pump Division (FPD) and Flow Control Division (FCD) segments. The FPD segment offers custom and pre-configured pumps and pump systems, mechanical seals, auxiliary systems, replacement parts, upgrades, and related aftermarket services; and equipment services, including installation and commissioning services, seal systems spare parts, repairs, advanced diagnostics, re-rate and upgrade solutions, retrofit programs, and machining and asset management solutions, as well as manufactures a gas-lubricated mechanical seal for use in high-speed compressors for gas pipelines and in the oil and gas production and process markets.