J. Safra Sarasin Holding AG Has $1.25 Million Position in Flowserve Co. (NYSE:FLS)

J. Safra Sarasin Holding AG grew its holdings in Flowserve Co. (NYSE:FLS - Free Report) by 40.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 21,724 shares of the industrial products company's stock after buying an additional 6,309 shares during the quarter. J. Safra Sarasin Holding AG's holdings in Flowserve were worth $1,250,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Barclays PLC lifted its stake in Flowserve by 17.8% during the third quarter. Barclays PLC now owns 229,379 shares of the industrial products company's stock worth $11,857,000 after purchasing an additional 34,645 shares during the period. Virtu Financial LLC acquired a new position in shares of Flowserve in the 3rd quarter worth approximately $227,000. Wilmington Savings Fund Society FSB bought a new position in shares of Flowserve during the 3rd quarter worth approximately $29,000. Franklin Resources Inc. boosted its stake in Flowserve by 7.8% in the 3rd quarter. Franklin Resources Inc. now owns 70,645 shares of the industrial products company's stock valued at $3,909,000 after buying an additional 5,127 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in Flowserve by 19.1% in the 4th 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 in the last quarter. 93.93% of the stock is owned by institutional investors.

Flowserve Stock Up 2.7 %

NYSE:FLS opened at $41.55 on Wednesday. The stock's fifty day moving average price is $48.98 and its two-hundred day moving average price is $55.55. The company has a market cap of $5.47 billion, a price-to-earnings ratio of 19.42, a P/E/G ratio of 1.35 and a beta of 1.22. Flowserve Co. has a 52-week low of $37.34 and a 52-week high of $65.08. 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 (NYSE:FLS - Get Free Report) last posted its quarterly earnings results on Tuesday, February 18th. The industrial products company reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.07). The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.21 billion. Flowserve had a net margin of 6.20% and a return on equity of 17.08%. On average, analysts anticipate that Flowserve Co. will post 3.18 EPS for the current year.

Flowserve Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Royal Bank of Canada cut their price objective on Flowserve from $69.00 to $68.00 and set an "outperform" rating for the company in a report on Thursday, February 20th. Baird R W upgraded shares of Flowserve from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. Mizuho upped their price objective on shares of Flowserve from $65.00 to $70.00 and gave the stock an "outperform" rating in a research note on Thursday, February 20th. Stifel Nicolaus cut their target price on shares of Flowserve from $77.00 to $50.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Finally, Robert W. Baird upgraded Flowserve from a "neutral" rating to an "outperform" rating and set a $71.00 price target on the stock in a research report on Monday, March 17th. Two analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus 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.

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