November 28, 2016 - By Darrin Black · 0 Comments
Flowserve Corp (NYSE:FLS) institutional sentiment decreased to 0.8 in 2016 Q2. Its down -0.36, from 1.16 in 2016Q1. The ratio turned negative, as 179 investment professionals increased and started new equity positions, while 154 sold and reduced equity positions in Flowserve Corp. The investment professionals in our partner’s database reported: 125.51 million shares, down from 128.39 million shares in 2016Q1. Also, the number of investment professionals holding Flowserve Corp in their top 10 equity positions was flat from 3 to 3 for the same number . Sold All: 25 Reduced: 129 Increased: 128 New Position: 51.
Flowserve Corporation is a manufacturer and aftermarket service well-known provider of flow control systems. The company has a market cap of $6.08 billion. The Firm operates through three divisions: Engineered Product Division , Industrial Product Division (IPD) and Flow Control Division (FCD). It has a 40.97 P/E ratio. The Company’s EPD designs, makes, distributes and services engineered pumps and pump systems, mechanical seals, auxiliary systems, replacement parts and related equipment.
About 135,053 shares traded hands. Flowserve Corp (NYSE:FLS) has risen 1.60% since April 25, 2016 and is uptrending. It has underperformed by 4.41% the S&P500.
Analysts await Flowserve Corp (NYSE:FLS) to report earnings on February, 16. They expect $0.67 EPS, down 24.72% or $0.22 from last year’s $0.89 per share. FLS’s profit will be $87.55M for 17.36 P/E if the $0.67 EPS becomes a reality. After $0.52 actual EPS reported by Flowserve Corp for the previous quarter, Wall Street now forecasts 28.85% EPS growth.
According to Zacks Investment Research, “Flowserve Corporation is one of the world’s leading providers of industrial flow management services. Operating in 25 countries, with more than 7,000 employees, the company produces highly engineered and modular pumps, precision mechanical seals, smart, specialty, and quarter-turn valves and valve actuators, and a range of related flow management services. (Press Release)”
Caledonia Investments Plc holds 16.44% of its portfolio in Flowserve Corp for 972,500 shares. Lafitte Capital Management Lp owns 250,000 shares or 7.44% of their US portfolio. Moreover, Golub Group Llc has 5.54% invested in the company for 1.19 million shares. The Ontario – Canada-based Edgepoint Investment Group Inc. has invested 3.96% in the stock. Spf Beheer Bv, a Netherlands-based fund reported 1.31 million shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 4 sales for $10.49 million net activity.
Ratings analysis reveals 24% of Flowserve Corporation’s analysts are positive. Out of 17 Wall Street analysts rating Flowserve Corporation, 4 give it “Buy”, 2 “Sell” rating, while 11 recommend “Hold”. The lowest target is $33 while the high is $65. The stock’s average target of $46.33 is -0.43% below today’s ($46.53) share price. FLS was included in 33 notes of analysts from July 28, 2015. The stock has “Hold” rating given by Maxim Group on Monday, February 22. As per Tuesday, November 3, the company rating was initiated by SunTrust. The firm has “Buy” rating by Maxim Group given on Tuesday, February 2. The stock has “Neutral” rating given by UBS on Thursday, August 27. The firm has “Reduce” rating by Nomura given on Monday, April 4. The stock of Flowserve Corp (NYSE:FLS) has “Market Perform” rating given on Tuesday, April 5 by BMO Capital Markets. The stock has “Underperform” rating given by RBC Capital Markets on Monday, October 31. The stock of Flowserve Corp (NYSE:FLS) has “Underperform” rating given on Monday, August 3 by RBC Capital Markets. RBC Capital Markets maintained Flowserve Corp (NYSE:FLS) rating on Monday, November 2. RBC Capital Markets has “Underperform” rating and $42.0 price target. The company was downgraded on Tuesday, July 28 by BB&T Capital.
Flowserve Corporation, incorporated on May 1, 1912, is a maker and aftermarket service well-known provider of flow control systems. The Firm develops and makes flow control equipment integral to the movement, control and protection of the flow of materials. The Firm operates through three divisions: Engineered Product Division (EPD), Industrial Product Division (IPD) and Flow Control Division (FCD). The Company’s EPD designs, makes, distributes and services engineered pumps and pump systems, mechanical seals, auxiliary systems, replacement parts and related equipment. The Company’s IPD designs, makes, distributes and services pre-configured engineered pumps and pump systems, including submersible motors, for industrial markets. The Company’s FCD designs, makes, distributes and services a portfolio of industrial valve and automation solutions, including isolation and control valves, actuation, controls and related equipment.
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By Darrin Black