Barclays PLC Has $25.54 Million Position in Flowserve Co. (NYSE:FLS)

Barclays PLC lifted its position in Flowserve Co. (NYSE:FLS - Free Report) by 93.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 444,007 shares of the industrial products company's stock after purchasing an additional 214,628 shares during the quarter. Barclays PLC owned about 0.34% of Flowserve worth $25,540,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Arizona State Retirement System increased its position in shares of Flowserve by 0.6% during the fourth quarter. Arizona State Retirement System now owns 38,134 shares of the industrial products company's stock valued at $2,193,000 after acquiring an additional 225 shares during the last quarter. Edmond DE Rothschild Holding S.A. grew its holdings in Flowserve by 0.9% during the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 26,553 shares of the industrial products company's stock worth $1,527,000 after acquiring an additional 236 shares in the last quarter. Savant Capital LLC grew its holdings in Flowserve by 0.4% during the 4th quarter. Savant Capital LLC now owns 61,565 shares of the industrial products company's stock worth $3,541,000 after acquiring an additional 251 shares in the last quarter. Quadrant Capital Group LLC raised its position in Flowserve by 34.6% in the 4th quarter. Quadrant Capital Group LLC now owns 1,070 shares of the industrial products company's stock valued at $62,000 after purchasing an additional 275 shares during the last quarter. Finally, UMB Bank n.a. raised its position in Flowserve by 64.2% in the 4th quarter. UMB Bank n.a. now owns 711 shares of the industrial products company's stock valued at $41,000 after purchasing an additional 278 shares during the last quarter. 93.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

FLS has been the subject of several research reports. Stifel Nicolaus reduced their price target on shares of Flowserve from $77.00 to $50.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Baird R W upgraded shares of Flowserve from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. Robert W. Baird upgraded shares of Flowserve from a "neutral" rating to an "outperform" rating and set a $71.00 price target on the stock in a research note on Monday, March 17th. Mizuho lifted their price objective on Flowserve from $65.00 to $70.00 and gave the company an "outperform" rating in a report on Thursday, February 20th. Finally, Citigroup lowered their price objective on Flowserve from $72.00 to $56.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Two equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $64.30.

Flowserve Stock Up 4.0 %

Shares of NYSE FLS traded up $1.71 during mid-day trading on Thursday, reaching $44.03. The company had a trading volume of 272,473 shares, compared to its average volume of 1,578,009. 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 company has a market capitalization of $5.80 billion, a price-to-earnings ratio of 20.57, a PEG ratio of 1.35 and a beta of 1.22. The stock has a fifty day moving average of $48.58 and a two-hundred day moving average of $55.46. Flowserve Co. has a 12-month low of $37.34 and a 12-month high of $65.08.

Flowserve (NYSE:FLS - Get Free Report) last issued its quarterly earnings data 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). Flowserve had a net margin of 6.20% and a return on equity of 17.08%. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.21 billion. As a group, equities research analysts expect that Flowserve Co. will post 3.18 EPS for the current year.

Flowserve Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date was Friday, March 28th. Flowserve's dividend payout ratio (DPR) is currently 39.25%.

About Flowserve

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.