16,500 Shares in Flowserve Co. (NYSE:FLS) Purchased by Brasada Capital Management LP

Brasada Capital Management LP bought a new position in shares of Flowserve Co. (NYSE:FLS - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 16,500 shares of the industrial products company's stock, valued at approximately $949,000.

A number of other institutional investors have also added to or reduced their stakes in the business. New York Life Investment Management LLC bought a new position in shares of Flowserve during the fourth quarter valued at approximately $800,000. American Century Companies Inc. lifted its holdings in Flowserve by 25.9% during the fourth quarter. American Century Companies Inc. now owns 110,994 shares of the industrial products company's stock worth $6,384,000 after buying an additional 22,850 shares during the period. GAMMA Investing LLC lifted its holdings in Flowserve by 19.1% during the fourth quarter. GAMMA Investing LLC now owns 1,807 shares of the industrial products company's stock worth $104,000 after buying an additional 290 shares during the period. New Age Alpha Advisors LLC bought a new stake in Flowserve during the 4th quarter valued at $422,000. Finally, Cookson Peirce & Co. Inc. increased its holdings in shares of Flowserve by 55.8% in the 4th quarter. Cookson Peirce & Co. Inc. now owns 20,541 shares of the industrial products company's stock valued at $1,182,000 after acquiring an additional 7,357 shares during the period. Hedge funds and other institutional investors own 93.93% of the company's stock.

Flowserve Price Performance

NYSE FLS opened at $41.55 on Wednesday. The stock's fifty day moving average price is $48.98 and its 200 day moving average price is $55.55. Flowserve Co. has a 1 year low of $37.34 and a 1 year high of $65.08. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.97 and a quick ratio of 1.39. The company has a market cap of $5.47 billion, a price-to-earnings ratio of 19.42, a PEG ratio of 1.35 and a beta of 1.22.

Flowserve (NYSE:FLS - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The industrial products company reported $0.70 earnings per share 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 firm had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.21 billion. As a group, equities research analysts forecast that Flowserve Co. will post 3.18 earnings per share for the current year.

Flowserve Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.02%. The ex-dividend date of this dividend was Friday, March 28th. Flowserve's dividend payout ratio (DPR) is currently 39.25%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on FLS shares. Stifel Nicolaus decreased their price objective on Flowserve from $77.00 to $50.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Baird R W upgraded shares of Flowserve from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. StockNews.com lowered shares of Flowserve from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. Robert W. Baird upgraded shares of Flowserve from a "neutral" rating to an "outperform" rating and set a $71.00 target price for the company in a research note on Monday, March 17th. Finally, Citigroup cut their price target on shares of Flowserve from $72.00 to $56.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Two research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $64.30.

Flowserve Company 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.

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