Traders sold shares of Flowserve Corp. (NYSE:FLS) on strength during trading on Thursday. $17.83 million flowed into the stock on the tick-up and $62.58 million flowed out of the stock on the tick-down, for a money net flow of $44.75 million out of the stock. Of all equities tracked, Flowserve Corp. had the 0th highest net out-flow for the day. Flowserve Corp. traded up $0.89 for the day and closed at $48.60

FLS has been the topic of several research analyst reports. KeyCorp initiated coverage on Flowserve Corp. in a research note on Tuesday, May 10th. They issued a “sector weight” rating on the stock. BMO Capital Markets assumed coverage on Flowserve Corp. in a research note on Tuesday, April 5th. They set a “market perform” rating and a $44.00 price target on the stock. Nomura Holdings Inc. lowered Flowserve Corp. from a “neutral” rating to a “reduce” rating and set a $38.00 price target on the stock. in a research note on Monday, April 4th. Susquehanna lifted their price target on Flowserve Corp. from $39.00 to $43.00 and gave the company a “neutral” rating in a research note on Wednesday, April 6th. Finally, Vetr lowered Flowserve Corp. from a “strong-buy” rating to a “buy” rating and set a $49.53 price target on the stock. in a research note on Wednesday, April 13th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of €62.18 ($68.33).

The firm has a market capitalization of $6.34 billion and a price-to-earnings ratio of 23.14. The firm has a 50 day moving average price of $48.11 and a 200 day moving average price of $44.19.

Flowserve Corp. (NYSE:FLS) last issued its earnings results on Thursday, April 28th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by $0.04. During the same quarter last year, the business earned $0.58 earnings per share. The firm earned $947.25 million during the quarter, compared to analysts’ expectations of $870.60 million. The company’s revenue was down 6.6% on a year-over-year basis. Analysts anticipate that Flowserve Corp. will post $2.50 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, July 8th. Stockholders of record on Friday, June 24th were issued a $0.19 dividend. The ex-dividend date was Wednesday, June 22nd. This represents a $0.76 annualized dividend and a dividend yield of 1.56%.

A number of large investors recently modified their holdings of FLS. Mizuho Trust & Banking Co. Ltd. boosted its stake in shares of Flowserve Corp. by 0.9% in the fourth quarter. Mizuho Trust & Banking Co. Ltd. now owns 206,521 shares of the company’s stock valued at $8,790,000 after buying an additional 1,841 shares during the last quarter. Nuance Investments LLC boosted its stake in shares of Flowserve Corp. by 5.5% in the fourth quarter. Nuance Investments LLC now owns 54,408 shares of the company’s stock valued at $2,289,000 after buying an additional 2,841 shares during the last quarter. GAM Holding AG boosted its stake in shares of Flowserve Corp. by 16.6% in the fourth quarter. GAM Holding AG now owns 254,915 shares of the company’s stock valued at $10,725,000 after buying an additional 36,316 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Flowserve Corp. by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 10,897,236 shares of the company’s stock valued at $458,557,000 after buying an additional 56,215 shares during the last quarter. Finally, Brown Advisory Inc. boosted its stake in shares of Flowserve Corp. by 1.4% in the fourth quarter. Brown Advisory Inc. now owns 26,446 shares of the company’s stock valued at $1,113,000 after buying an additional 355 shares during the last quarter.

Flowserve Corporation is a manufacturer and aftermarket service provider of flow control systems. The Company operates through three segments: Engineered Product Division (EPD), Industrial Product Division (IPD) and Flow Control Division (FCD). Its EPD designs, manufactures, distributes and services engineered pumps and pump systems, mechanical seals, auxiliary systems, replacement parts and related equipment.

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