Thrivent Financial for Lutherans Purchases 44,039 Shares of Flowserve Co. (NYSE:FLS)

Thrivent Financial for Lutherans raised its holdings in Flowserve Co. (NYSE:FLS - Free Report) by 1.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,603,528 shares of the industrial products company's stock after purchasing an additional 44,039 shares during the quarter. Thrivent Financial for Lutherans owned 1.98% of Flowserve worth $134,577,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. AQR Capital Management LLC grew its stake in Flowserve by 31.8% in the 2nd quarter. AQR Capital Management LLC now owns 2,748,885 shares of the industrial products company's stock valued at $132,221,000 after purchasing an additional 663,631 shares during the period. Earnest Partners LLC grew its stake in Flowserve by 4.8% in the 2nd quarter. Earnest Partners LLC now owns 2,678,601 shares of the industrial products company's stock valued at $128,841,000 after purchasing an additional 121,873 shares during the period. Millennium Management LLC grew its stake in Flowserve by 155.2% in the 2nd quarter. Millennium Management LLC now owns 2,624,919 shares of the industrial products company's stock valued at $126,259,000 after purchasing an additional 1,596,429 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Flowserve by 8.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,249,297 shares of the industrial products company's stock valued at $108,191,000 after buying an additional 169,506 shares during the last quarter. Finally, Gabelli Funds LLC lifted its position in shares of Flowserve by 1.3% during the 1st quarter. Gabelli Funds LLC now owns 1,283,016 shares of the industrial products company's stock valued at $58,608,000 after buying an additional 16,500 shares during the last quarter. Institutional investors own 93.93% of the company's stock.

Flowserve Price Performance

Shares of NYSE:FLS traded up $0.04 on Friday, hitting $59.23. The company's stock had a trading volume of 676,296 shares, compared to its average volume of 1,345,157. The company has a 50-day simple moving average of $52.97 and a 200 day simple moving average of $49.95. Flowserve Co. has a 1 year low of $37.24 and a 1 year high of $61.60. The company has a market capitalization of $7.78 billion, a PE ratio of 29.32, a PEG ratio of 1.42 and a beta of 1.38. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.99 and a quick ratio of 1.39.

Flowserve (NYSE:FLS - Get Free Report) last announced its quarterly earnings data on Monday, October 28th. The industrial products company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.05). The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.12 billion. Flowserve had a net margin of 5.90% and a return on equity of 17.10%. Flowserve's revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.50 earnings per share. Sell-side analysts forecast that Flowserve Co. will post 2.72 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Robert W. Baird upped their price target on Flowserve from $65.00 to $66.00 and gave the company a "neutral" rating in a research report on Wednesday, October 30th. The Goldman Sachs Group upped their price target on Flowserve from $46.00 to $52.00 and gave the company a "sell" rating in a research report on Thursday, October 10th. Royal Bank of Canada upped their price target on Flowserve from $55.00 to $57.00 and gave the company a "sector perform" rating in a research report on Wednesday, October 30th. TD Cowen upped their price target on Flowserve from $55.00 to $57.00 and gave the company a "buy" rating in a research report on Thursday, August 1st. Finally, Mizuho upped their price target on Flowserve from $58.00 to $65.00 and gave the company an "outperform" rating in a research report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $60.10.

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.