Comprehensive Money Management Services LLC Has $381,000 Stock Holdings in Flowserve Corporation $FLS

Comprehensive Money Management Services LLC increased its position in Flowserve Corporation (NYSE:FLS) by 18.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,282 shares of the industrial products company’s stock after buying an additional 1,125 shares during the period. Comprehensive Money Management Services LLC’s holdings in Flowserve were worth $381,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Principal Financial Group Inc. grew its stake in shares of Flowserve by 0.4% in the 1st quarter. Principal Financial Group Inc. now owns 302,275 shares of the industrial products company’s stock valued at $14,763,000 after buying an additional 1,103 shares during the period. KBC Group NV grew its stake in shares of Flowserve by 4.8% in the 1st quarter. KBC Group NV now owns 5,676 shares of the industrial products company’s stock valued at $277,000 after buying an additional 258 shares during the period. GAMMA Investing LLC grew its stake in shares of Flowserve by 26.6% in the 1st quarter. GAMMA Investing LLC now owns 2,288 shares of the industrial products company’s stock valued at $112,000 after buying an additional 481 shares during the period. Allspring Global Investments Holdings LLC grew its stake in shares of Flowserve by 453.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 170,808 shares of the industrial products company’s stock valued at $8,402,000 after buying an additional 139,939 shares during the period. Finally, Johnson Investment Counsel Inc. bought a new position in Flowserve in the 1st quarter valued at about $216,000. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Kirk Wilson sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $53.22, for a total transaction of $532,200.00. Following the completion of the sale, the insider owned 37,196 shares in the company, valued at $1,979,571.12. This trade represents a 21.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.76% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on FLS shares. Royal Bank Of Canada raised their price target on shares of Flowserve from $64.00 to $66.00 and gave the company an “outperform” rating in a research report on Thursday, July 31st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Flowserve in a research report on Wednesday. The Goldman Sachs Group raised their price target on shares of Flowserve from $54.00 to $60.00 and gave the company a “neutral” rating in a research report on Tuesday, July 8th. Citigroup raised their price target on shares of Flowserve from $58.00 to $65.00 and gave the company a “buy” rating in a research report on Monday, July 14th. Finally, Wall Street Zen raised shares of Flowserve from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $65.78.

Flowserve Trading Down 4.8%

Shares of FLS stock opened at $49.10 on Friday. The company has a 50 day moving average of $53.97 and a 200-day moving average of $50.60. The company has a quick ratio of 1.50, a current ratio of 2.10 and a debt-to-equity ratio of 0.63. Flowserve Corporation has a 12-month low of $37.34 and a 12-month high of $65.08. The firm has a market cap of $6.42 billion, a P/E ratio of 22.22, a PEG ratio of 1.05 and a beta of 1.27.

Flowserve (NYSE:FLS) last issued its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.13. Flowserve had a net margin of 6.28% and a return on equity of 18.25%. The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.22 billion. Sell-side analysts anticipate that Flowserve Corporation will post 3.18 earnings per share for the current year.

Flowserve Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Friday, September 26th were paid a dividend of $0.21 per share. The ex-dividend date was Friday, September 26th. This represents a $0.84 annualized dividend and a dividend yield of 1.7%. Flowserve’s dividend payout ratio (DPR) is presently 38.01%.

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.