Shares of Flowserve Corp. (NYSE:FLS) gapped up before the market opened on Monday . The stock had previously closed at $46.75, but opened at $46.89. Flowserve Corp. shares last traded at $47.55, with a volume of 420,459 shares.

FLS has been the topic of a number of research analyst reports. BMO Capital Markets cut their target price on Flowserve Corp. from $44.00 to $42.00 and set a “market perform” rating on the stock in a research report on Monday, August 1st. Robert W. Baird restated a “hold” rating on shares of Flowserve Corp. in a research report on Monday, May 2nd. Stifel Nicolaus boosted their price target on Flowserve Corp. from $51.00 to $55.00 and gave the company a “buy” rating in a research report on Monday, May 2nd. Vetr cut Flowserve Corp. from a “strong-buy” rating to a “buy” rating and set a $49.53 price target on the stock. in a research report on Wednesday, April 13th. Finally, KeyCorp initiated coverage on Flowserve Corp. in a research report on Tuesday, May 10th. They issued a “sector weight” rating on the stock. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. Flowserve Corp. presently has an average rating of “Hold” and an average price target of €61.97 ($68.85).

The company has a 50 day moving average of $47.03 and a 200 day moving average of $45.24. The stock has a market cap of $6.19 billion and a price-to-earnings ratio of 23.53.

Flowserve Corp. (NYSE:FLS) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.60 by $0.03. The company had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1,000 million. The firm’s revenue for the quarter was down 11.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.80 EPS. On average, equities research analysts expect that Flowserve Corp. will post $2.42 earnings per share for the current fiscal year.

In related news, COO Thomas L. Pajonas sold 35,000 shares of the stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of €45.49 ($50.54), for a total transaction of €1,592,150.00 ($1,769,055.56). Following the sale, the chief operating officer now owns 99,487 shares in the company, valued at €4,525,663.63 ($5,028,515.14). The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Mark A. Blinn sold 84,261 shares of the stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of €45.50 ($50.56), for a total transaction of €3,833,875.50 ($4,259,861.67). Following the sale, the chief executive officer now owns 397,687 shares in the company, valued at approximately €18,094,758.50 ($20,105,287.22). The disclosure for this sale can be found here.

Other large investors have added to or reduced their stakes in the company. Aberdeen Asset Management PLC UK raised its stake in Flowserve Corp. by 25.4% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 26,025 shares of the company’s stock valued at $1,118,000 after buying an additional 5,277 shares during the period. BNP Paribas Arbitrage SA raised its stake in Flowserve Corp. by 2.5% in the fourth quarter. BNP Paribas Arbitrage SA now owns 30,921 shares of the company’s stock valued at $1,301,000 after buying an additional 754 shares during the period. Stephens Inc. AR raised its stake in Flowserve Corp. by 6.1% in the fourth quarter. Stephens Inc. AR now owns 39,718 shares of the company’s stock valued at $1,671,000 after buying an additional 2,273 shares during the period. Gulf International Bank UK Ltd raised its stake in Flowserve Corp. by 1.0% in the fourth quarter. Gulf International Bank UK Ltd now owns 39,966 shares of the company’s stock valued at $1,682,000 after buying an additional 400 shares during the period. Finally, Nationwide Fund Advisors raised its stake in 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 during the period.

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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