Edmond DE Rothschild Holding S.A. Raises Stock Holdings in Flowserve Co. (NYSE:FLS)

Edmond DE Rothschild Holding S.A. boosted its position in shares of Flowserve Co. (NYSE:FLS) by 0.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 26,553 shares of the industrial products company’s stock after buying an additional 236 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in Flowserve were worth $1,527,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. True Wealth Design LLC purchased a new position in shares of Flowserve during the third quarter valued at approximately $25,000. Wilmington Savings Fund Society FSB bought a new stake in Flowserve in the third quarter valued at $29,000. UMB Bank n.a. increased its position in Flowserve by 64.2% during the 4th quarter. UMB Bank n.a. now owns 711 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 278 shares during the period. EverSource Wealth Advisors LLC raised its holdings in Flowserve by 185.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 915 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 595 shares in the last quarter. Finally, Quintet Private Bank Europe S.A. purchased a new stake in shares of Flowserve in the 4th quarter worth about $63,000. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Flowserve Price Performance

FLS opened at $49.16 on Wednesday. Flowserve Co. has a 1 year low of $43.66 and a 1 year high of $65.08. The stock has a 50-day moving average price of $55.93 and a 200-day moving average price of $56.59. The firm has a market cap of $6.48 billion, a PE ratio of 22.97, a P/E/G ratio of 1.35 and a beta of 1.43. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.97 and a quick ratio of 1.39.

Flowserve (NYSE:FLS) last issued its earnings results on Tuesday, February 18th. The industrial products company reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.07). The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.21 billion. Flowserve had a return on equity of 17.08% and a net margin of 6.20%. Sell-side analysts predict that Flowserve Co. will post 3.18 earnings per share for the current fiscal year.

Flowserve Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend is Friday, March 28th. Flowserve’s dividend payout ratio is currently 39.25%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. TD Cowen increased their price target on shares of Flowserve from $60.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. Citigroup lowered their target price on Flowserve from $73.00 to $72.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Robert W. Baird raised Flowserve from a “neutral” rating to an “outperform” rating and set a $71.00 price target on the stock in a research note on Monday, March 17th. Stifel Nicolaus raised their price objective on Flowserve from $75.00 to $77.00 and gave the company a “buy” rating in a research report on Thursday, February 20th. Finally, The Goldman Sachs Group upgraded shares of Flowserve from a “sell” rating to a “neutral” rating and boosted their target price for the company from $55.00 to $69.00 in a report on Thursday, December 12th. Two analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $68.60.

About Flowserve

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.