Robeco Institutional Asset Management B.V. Grows Position in Flowserve Corp (FLS)

Robeco Institutional Asset Management B.V. increased its position in shares of Flowserve Corp (NYSE:FLS) by 349.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,579 shares of the industrial products company’s stock after purchasing an additional 9,783 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Flowserve were worth $649,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. lifted its holdings in Flowserve by 10.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 13,961 shares of the industrial products company’s stock worth $561,000 after purchasing an additional 1,313 shares during the last quarter. Glen Harbor Capital Management LLC increased its stake in Flowserve by 11.5% during the 2nd quarter. Glen Harbor Capital Management LLC now owns 13,580 shares of the industrial products company’s stock worth $549,000 after acquiring an additional 1,400 shares during the period. PNC Financial Services Group Inc. increased its stake in Flowserve by 9.1% during the 2nd quarter. PNC Financial Services Group Inc. now owns 19,377 shares of the industrial products company’s stock worth $783,000 after acquiring an additional 1,614 shares during the period. GHP Investment Advisors Inc. increased its stake in Flowserve by 7.9% during the 3rd quarter. GHP Investment Advisors Inc. now owns 26,200 shares of the industrial products company’s stock worth $1,433,000 after acquiring an additional 1,928 shares during the period. Finally, IFM Investors Pty Ltd increased its stake in Flowserve by 30.8% during the 2nd quarter. IFM Investors Pty Ltd now owns 8,889 shares of the industrial products company’s stock worth $359,000 after acquiring an additional 2,095 shares during the period.

A number of equities analysts have commented on the company. Vertical Research lowered Flowserve from a “hold” rating to a “sell” rating and set a $44.00 price objective on the stock. in a research note on Thursday, October 18th. Credit Suisse Group assumed coverage on Flowserve in a research note on Friday, October 12th. They set a “neutral” rating and a $55.00 price objective on the stock. Stifel Nicolaus raised their price objective on Flowserve from $47.00 to $52.00 and gave the stock a “hold” rating in a research note on Monday, October 8th. Northcoast Research upgraded Flowserve from a “neutral” rating to a “buy” rating in a research note on Thursday, September 13th. Finally, Zacks Investment Research upgraded Flowserve from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a research note on Tuesday, September 11th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company’s stock. Flowserve has an average rating of “Hold” and a consensus target price of $48.86.

Shares of FLS stock opened at $49.15 on Thursday. The firm has a market cap of $6.31 billion, a P/E ratio of 36.14, a PEG ratio of 1.65 and a beta of 1.55. Flowserve Corp has a twelve month low of $38.38 and a twelve month high of $56.86. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.61 and a current ratio of 2.25.

Flowserve (NYSE:FLS) last announced its earnings results on Wednesday, November 7th. The industrial products company reported $0.49 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.06. The firm had revenue of $952.72 million for the quarter, compared to the consensus estimate of $925.33 million. Flowserve had a positive return on equity of 10.52% and a negative net margin of 0.79%. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.37 EPS. Equities research analysts expect that Flowserve Corp will post 1.7 EPS for the current fiscal year.

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Flowserve Profile

Flowserve Corporation designs, manufactures, distributes, and services industrial flow management equipment in the United States, Europe, the Middle East, Africa, Asia, and internationally. The company operates through three segments: Engineered Product Division (EPD), Industrial Product Division (IPD), and Flow Control Division (FCD).

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Institutional Ownership by Quarter for Flowserve (NYSE:FLS)

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