Flowserve Co. (NYSE:FLS) Shares Bought by Yaupon Capital Management LP

Yaupon Capital Management LP grew its holdings in Flowserve Co. (NYSE:FLS - Free Report) by 121.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 105,924 shares of the industrial products company's stock after purchasing an additional 58,083 shares during the quarter. Yaupon Capital Management LP owned approximately 0.08% of Flowserve worth $6,093,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Hsbc Holdings PLC raised its holdings in shares of Flowserve by 41.7% in the fourth quarter. Hsbc Holdings PLC now owns 108,631 shares of the industrial products company's stock worth $6,265,000 after acquiring an additional 31,980 shares during the last quarter. J. Safra Sarasin Holding AG increased its position in Flowserve by 40.9% during the 4th quarter. J. Safra Sarasin Holding AG now owns 21,724 shares of the industrial products company's stock worth $1,250,000 after purchasing an additional 6,309 shares in the last quarter. Stifel Financial Corp raised its stake in Flowserve by 6.5% in the 4th quarter. Stifel Financial Corp now owns 260,007 shares of the industrial products company's stock valued at $14,956,000 after purchasing an additional 15,868 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in Flowserve by 218.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 11,125 shares of the industrial products company's stock valued at $640,000 after purchasing an additional 7,633 shares in the last quarter. Finally, MetLife Investment Management LLC grew its holdings in shares of Flowserve by 9.1% during the fourth quarter. MetLife Investment Management LLC now owns 74,055 shares of the industrial products company's stock worth $4,260,000 after buying an additional 6,156 shares in the last quarter. 93.93% of the stock is owned by hedge funds and other institutional investors.

Flowserve Stock Up 0.6 %

Shares of FLS stock traded up $0.27 during trading hours on Friday, reaching $44.89. The company had a trading volume of 1,262,659 shares, compared to its average volume of 1,270,715. The company has a market capitalization of $5.91 billion, a P/E ratio of 20.98, a price-to-earnings-growth ratio of 1.35 and a beta of 1.22. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.39 and a current ratio of 1.97. Flowserve Co. has a twelve month low of $37.34 and a twelve month high of $65.08. The stock's fifty day simple moving average is $47.86 and its 200 day simple moving average is $55.34.

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 the consensus estimate of $0.77 by ($0.07). The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.21 billion. Flowserve had a return on equity of 17.08% and a net margin of 6.20%. As a group, sell-side analysts expect that Flowserve Co. will post 3.18 earnings per share for the current fiscal year.

Flowserve Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, March 28th. This represents a $0.84 annualized dividend and a yield of 1.87%. Flowserve's dividend payout ratio (DPR) is 39.25%.

Analysts Set New Price Targets

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

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.