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

Savant Capital LLC grew its holdings in shares of Flowserve Co. (NYSE:FLS) by 0.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 61,565 shares of the industrial products company’s stock after purchasing 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.

A number of other institutional investors and hedge funds also recently modified their holdings of FLS. True Wealth Design LLC acquired a new stake in shares of Flowserve during the third quarter worth $25,000. V Square Quantitative Management LLC acquired a new stake in shares of Flowserve during the third quarter worth $27,000. Ashton Thomas Securities LLC acquired a new stake in shares of Flowserve in the 3rd quarter worth about $29,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Flowserve in the 3rd quarter worth about $29,000. Finally, Allworth Financial LP lifted its position in Flowserve by 159.9% in the 3rd quarter. Allworth Financial LP now owns 655 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 403 shares during the last quarter. 93.93% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on FLS shares. The Goldman Sachs Group upgraded shares of Flowserve from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $55.00 to $69.00 in a research report on Thursday, December 12th. TD Cowen lifted their price objective on shares of Flowserve from $60.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Mizuho lifted their price objective on shares of Flowserve from $58.00 to $65.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Citigroup cut their price objective on shares of Flowserve from $73.00 to $72.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Finally, Stifel Nicolaus lifted their price objective on shares of Flowserve from $72.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $67.50.

Flowserve Stock Down 0.7 %

Flowserve stock opened at $63.12 on Wednesday. The stock has a market cap of $8.29 billion, a price-to-earnings ratio of 31.25, a PEG 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. The company’s 50-day moving average price is $60.67 and its two-hundred day moving average price is $55.20. Flowserve Co. has a 52 week low of $40.78 and a 52 week high of $65.08.

Flowserve Dividend Announcement

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