SRS Capital Advisors Inc. Sells 245 Shares of Flowserve Co. (NYSE:FLS)

SRS Capital Advisors Inc. reduced its position in shares of Flowserve Co. (NYSE:FLS) by 9.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,344 shares of the industrial products company’s stock after selling 245 shares during the quarter. SRS Capital Advisors Inc.’s holdings in Flowserve were worth $135,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of FLS. True Wealth Design LLC purchased a new stake in shares of Flowserve during the third quarter valued at approximately $25,000. Ashton Thomas Securities LLC purchased a new stake in Flowserve during the 3rd quarter valued at $29,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Flowserve in the 3rd quarter worth $29,000. UMB Bank n.a. raised its stake in shares of Flowserve by 64.2% in the fourth quarter. UMB Bank n.a. now owns 711 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 278 shares during the last quarter. Finally, Canton Hathaway LLC bought a new position in shares of Flowserve during the third quarter valued at $42,000. 93.93% of the stock is owned by hedge funds and other institutional investors.

Flowserve Stock Performance

NYSE:FLS opened at $50.81 on Thursday. 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 50-day simple moving average of $59.89 and a two-hundred day simple moving average of $56.31. The firm has a market capitalization of $6.69 billion, a PE ratio of 23.74, a P/E/G ratio of 1.35 and a beta of 1.42. Flowserve Co. has a 52-week low of $42.37 and a 52-week high of $65.08.

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

Flowserve Announces Dividend

The company also recently disclosed 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. The ex-dividend date is Friday, March 28th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.65%. Flowserve’s dividend payout ratio (DPR) is presently 39.25%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on FLS shares. Stifel Nicolaus lifted their price objective on Flowserve from $75.00 to $77.00 and gave the stock a “buy” rating in a report on Thursday, February 20th. Royal Bank of Canada reduced their price target on shares of Flowserve from $69.00 to $68.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. Mizuho increased 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. Robert W. Baird raised their price target on Flowserve from $69.00 to $71.00 and gave the stock a “neutral” rating in a research note on Thursday, February 20th. Finally, Citigroup reduced their price objective on Flowserve from $73.00 to $72.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target 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.