Edmond DE Rothschild Holding S.A. Buys 236 Shares of Flowserve Co. (NYSE:FLS)

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

Other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp increased its position in Flowserve by 1.0% during the third quarter. State Street Corp now owns 3,886,111 shares of the industrial products company’s stock valued at $201,685,000 after acquiring an additional 37,132 shares during the last quarter. Vestcor Inc purchased a new stake in shares of Flowserve during the 3rd quarter valued at about $714,000. Stifel Financial Corp lifted its stake in shares of Flowserve by 14.0% in the 3rd quarter. Stifel Financial Corp now owns 244,139 shares of the industrial products company’s stock worth $12,619,000 after purchasing an additional 29,979 shares during the period. New York Life Investment Management LLC purchased a new position in shares of Flowserve in the fourth quarter worth approximately $800,000. Finally, GAMMA Investing LLC grew its position in Flowserve by 19.1% during the fourth quarter. GAMMA Investing LLC now owns 1,807 shares of the industrial products company’s stock valued at $104,000 after buying an additional 290 shares during the period. 93.93% of the stock is owned by institutional investors.

Flowserve Stock Up 0.7 %

FLS opened at $49.16 on Wednesday. Flowserve Co. has a 52 week low of $43.66 and a 52 week high of $65.08. The company has a quick ratio of 1.39, a current ratio of 1.97 and a debt-to-equity ratio of 0.71. The firm has a 50-day simple moving average of $55.93 and a two-hundred day simple moving average of $56.59. The company has a market capitalization of $6.48 billion, a PE ratio of 22.97, a price-to-earnings-growth ratio of 1.35 and a beta of 1.43.

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

Flowserve Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be given a dividend of $0.21 per share. The ex-dividend date is Friday, March 28th. This represents a $0.84 annualized dividend and a yield of 1.71%. Flowserve’s dividend payout ratio (DPR) is currently 39.25%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on FLS shares. Mizuho boosted their price objective on shares of Flowserve from $65.00 to $70.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. Stifel Nicolaus boosted their price objective on Flowserve from $75.00 to $77.00 and gave the company a “buy” rating in a research note on Thursday, February 20th. Baird R W raised shares of Flowserve from a “hold” rating to a “strong-buy” rating in a report on Monday, March 17th. StockNews.com downgraded shares of Flowserve from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Finally, Citigroup reduced their price objective on shares of Flowserve from $73.00 to $72.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Two research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $68.60.

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.