Flowserve Corp. (NYSE:FLS) saw an uptick in trading volume on Thursday . 4,035,920 shares were traded during mid-day trading, an increase of 93% from the previous session’s volume of 2,088,769 shares.The stock last traded at $48.60 and had previously closed at $47.71.

A number of brokerages have recently issued reports on FLS. Jefferies Group reaffirmed a “buy” rating on shares of Flowserve Corp. in a research report on Saturday, April 30th. Stifel Nicolaus lifted their price objective on shares of Flowserve Corp. from $51.00 to $55.00 and gave the stock a “buy” rating in a research report on Monday, May 2nd. Robert W. Baird reaffirmed a “hold” rating on shares of Flowserve Corp. in a research report on Monday, May 2nd. Vetr downgraded shares of Flowserve Corp. from a “strong-buy” rating to a “buy” rating and set a $49.53 price objective on the stock. in a research report on Wednesday, April 13th. Finally, Susquehanna lifted their price objective on shares of Flowserve Corp. from $39.00 to $43.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 6th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of €62.18 ($68.33).

The stock’s 50-day moving average is $48.12 and its 200-day moving average is $44.23. The stock has a market capitalization of $6.33 billion and a PE ratio of 23.12.

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

The business also recently declared a quarterly dividend, which was paid on Friday, July 8th. Shareholders of record on Friday, June 24th were paid a $0.19 dividend. The ex-dividend date was Wednesday, June 22nd. This represents a $0.76 annualized dividend and a yield of 1.57%.

Other institutional investors recently made changes to their positions in the company. Nationwide Fund Advisors raised its position in shares of Flowserve Corp. by 1.4% in the fourth quarter. Nationwide Fund Advisors now owns 40,486 shares of the company’s stock valued at $1,704,000 after buying an additional 543 shares in the last quarter. Swiss National Bank raised its position in shares of Flowserve Corp. by 0.6% in the fourth quarter. Swiss National Bank now owns 242,022 shares of the company’s stock valued at $10,184,000 after buying an additional 1,500 shares in the last quarter. First Trust Advisors LP raised its position in shares of Flowserve Corp. by 3.8% in the fourth quarter. First Trust Advisors LP now owns 232,458 shares of the company’s stock valued at $9,782,000 after buying an additional 8,530 shares in the last quarter. Rhumbline Advisers raised its position in shares of Flowserve Corp. by 8.8% in the fourth quarter. Rhumbline Advisers now owns 239,387 shares of the company’s stock valued at $10,073,000 after buying an additional 19,299 shares in the last quarter. Finally, TD Asset Management Inc. raised its position in shares of Flowserve Corp. by 3.7% in the fourth quarter. TD Asset Management Inc. now owns 70,693 shares of the company’s stock valued at $2,975,000 after buying an additional 2,495 shares in 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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