Captrust Financial Advisors Has $1.35 Million Stock Holdings in Flowserve Co. (NYSE:FLS)

Captrust Financial Advisors raised its holdings in Flowserve Co. (NYSE:FLS) by 31.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 23,387 shares of the industrial products company’s stock after acquiring an additional 5,644 shares during the quarter. Captrust Financial Advisors’ holdings in Flowserve were worth $1,345,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in FLS. FIL Ltd lifted its stake in Flowserve by 71.7% in the fourth quarter. FIL Ltd now owns 5,255,059 shares of the industrial products company’s stock valued at $302,271,000 after acquiring an additional 2,193,904 shares during the last quarter. Norges Bank acquired a new stake in shares of Flowserve in the fourth quarter worth $94,629,000. Invesco Ltd. lifted its stake in shares of Flowserve by 52.7% in the fourth quarter. Invesco Ltd. now owns 2,068,025 shares of the industrial products company’s stock worth $118,953,000 after buying an additional 714,063 shares during the last quarter. Varenne Capital Partners acquired a new stake in shares of Flowserve in the fourth quarter worth $26,216,000. Finally, Loomis Sayles & Co. L P acquired a new stake in shares of Flowserve in the fourth quarter worth $23,614,000. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on FLS shares. StockNews.com upgraded shares of Flowserve from a “hold” rating to a “buy” rating in a research note on Wednesday, April 30th. Robert W. Baird reduced their price objective on shares of Flowserve from $71.00 to $70.00 and set an “outperform” rating for the company in a research note on Thursday, May 1st. TD Cowen boosted their target price on shares of Flowserve from $60.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Citigroup dropped their target price on shares of Flowserve from $72.00 to $56.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Finally, Royal Bank of Canada boosted their target price on shares of Flowserve from $49.00 to $53.00 and gave the stock an “outperform” rating in a research report on Thursday, May 1st. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Flowserve presently has a consensus rating of “Buy” and a consensus price target of $64.11.

Flowserve Price Performance

NYSE FLS opened at $52.08 on Thursday. The business has a 50 day simple moving average of $46.32 and a 200 day simple moving average of $54.77. Flowserve Co. has a 52-week low of $37.34 and a 52-week high of $65.08. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.39 and a current ratio of 1.97. The stock has a market cap of $6.81 billion, a price-to-earnings ratio of 24.34, a PEG ratio of 1.35 and a beta of 1.21.

Flowserve (NYSE:FLS) last posted its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.13. Flowserve had a net margin of 6.20% and a return on equity of 17.08%. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period last year, the company earned $0.58 earnings per share. The firm’s revenue was up 5.2% compared to the same quarter last year. Analysts anticipate that Flowserve Co. will post 3.18 earnings per share for the current fiscal year.

Flowserve Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, March 28th. This represents a $0.84 dividend on an annualized basis and a yield of 1.61%. Flowserve’s payout ratio is 39.25%.

Flowserve 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.