Robeco Institutional Asset Management B.V. Invests $118,000 in Flowserve Corp (FLS)
Robeco Institutional Asset Management B.V. purchased a new stake in shares of Flowserve Corp (NYSE:FLS) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 2,796 shares of the industrial products company’s stock, valued at approximately $118,000.
Other institutional investors also recently bought and sold shares of the company. Verition Fund Management LLC grew its holdings in shares of Flowserve by 2.5% during the 2nd quarter. Verition Fund Management LLC now owns 5,232 shares of the industrial products company’s stock valued at $243,000 after acquiring an additional 126 shares in the last quarter. Oppenheimer & Co. Inc. purchased a new position in shares of Flowserve during the 3rd quarter valued at $1,799,000. Permian Investment Partners LP purchased a new position in shares of Flowserve during the 3rd quarter valued at $28,535,000. Nomura Holdings Inc. purchased a new position in shares of Flowserve during the 2nd quarter valued at $458,000. Finally, Nationwide Fund Advisors grew its holdings in shares of Flowserve by 11.6% during the 3rd quarter. Nationwide Fund Advisors now owns 49,927 shares of the industrial products company’s stock valued at $2,126,000 after acquiring an additional 5,200 shares in the last quarter.
A number of brokerages recently issued reports on FLS. Stifel Nicolaus reiterated a “buy” rating and issued a $49.00 price objective on shares of Flowserve in a report on Tuesday, October 17th. Robert W. Baird reiterated a “hold” rating and issued a $45.00 price objective on shares of Flowserve in a report on Friday, December 15th. Boenning Scattergood reiterated a “hold” rating on shares of Flowserve in a report on Thursday, November 2nd. Zacks Investment Research upgraded shares of Flowserve from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 18th. Finally, BMO Capital Markets cut shares of Flowserve from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $51.00 to $41.00 in a report on Friday, November 3rd. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company’s stock. Flowserve currently has an average rating of “Hold” and an average price target of $43.92.
The company also recently announced a quarterly dividend, which was paid on Friday, January 19th. Shareholders of record on Friday, January 5th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend was Thursday, January 4th. Flowserve’s dividend payout ratio is 58.92%.
Flowserve Corporation is a manufacturer and aftermarket service provider of flow control systems. The Company’s segments include Engineered Product Division, Industrial Product Division and Flow Control Division. Its geographic segments include North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
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