Flowserve Co. (NYSE:FLS) Shares Acquired by Oberweis Asset Management Inc.

Oberweis Asset Management Inc. lifted its position in shares of Flowserve Co. (NYSE:FLS - Free Report) by 14.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 468,590 shares of the industrial products company's stock after acquiring an additional 58,628 shares during the period. Flowserve makes up about 1.3% of Oberweis Asset Management Inc.'s portfolio, making the stock its 9th largest holding. Oberweis Asset Management Inc. owned approximately 0.36% of Flowserve worth $26,953,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in FLS. Brasada Capital Management LP acquired a new stake in shares of Flowserve in the 4th quarter valued at $949,000. Engine NO. 1 LLC bought a new position in Flowserve in the fourth quarter valued at about $7,363,000. Price T Rowe Associates Inc. MD raised its stake in Flowserve by 7.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 90,714 shares of the industrial products company's stock worth $5,219,000 after acquiring an additional 6,241 shares in the last quarter. Pinebridge Investments L.P. raised its stake in Flowserve by 42.7% during the fourth quarter. Pinebridge Investments L.P. now owns 47,537 shares of the industrial products company's stock worth $2,734,000 after acquiring an additional 14,227 shares in the last quarter. Finally, Dark Forest Capital Management LP acquired a new stake in shares of Flowserve in the 4th quarter valued at approximately $1,409,000. Institutional investors and hedge funds own 93.93% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on FLS. Royal Bank of Canada dropped their price objective 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. Baird R W upgraded Flowserve from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. TD Cowen lifted their target price on shares of Flowserve from $60.00 to $75.00 and gave the stock a "buy" rating in a research report on Thursday, January 16th. Robert W. Baird raised shares of Flowserve from a "neutral" rating to an "outperform" rating and set a $71.00 price target for the company in a research note on Monday, March 17th. Finally, Citigroup decreased their price objective on Flowserve from $72.00 to $56.00 and set a "buy" rating for the company in a report on Monday, April 14th. Two investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $64.30.

Flowserve Trading Up 0.6 %

Shares of FLS stock traded up $0.27 during mid-day trading on Friday, hitting $44.89. The company's stock had a trading volume of 1,262,659 shares, compared to its average volume of 1,273,322. 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. The company's fifty day simple moving average is $47.86 and its 200-day simple moving average is $55.34. The company has a market cap of $5.91 billion, a PE ratio of 20.98, a P/E/G ratio of 1.35 and a beta of 1.22.

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

Flowserve Dividend Announcement

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

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.