California State Teachers Retirement System Purchases 4,675 Shares of Flowserve (FLS)

California State Teachers Retirement System lifted its position in shares of Flowserve (NYSE:FLS) by 2.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 239,094 shares of the industrial products company’s stock after purchasing an additional 4,675 shares during the quarter. California State Teachers Retirement System owned approximately 0.18% of Flowserve worth $10,073,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the company. Amalgamated Bank grew its holdings in shares of Flowserve by 5.6% during the 4th quarter. Amalgamated Bank now owns 27,072 shares of the industrial products company’s stock worth $1,141,000 after purchasing an additional 1,426 shares in the last quarter. Meeder Asset Management Inc. grew its holdings in shares of Flowserve by 7.2% during the 4th quarter. Meeder Asset Management Inc. now owns 22,785 shares of the industrial products company’s stock worth $959,000 after purchasing an additional 1,525 shares in the last quarter. AMP Capital Investors Ltd grew its holdings in shares of Flowserve by 4.6% during the 3rd quarter. AMP Capital Investors Ltd now owns 40,559 shares of the industrial products company’s stock worth $1,728,000 after purchasing an additional 1,800 shares in the last quarter. Thompson Rubinstein Investment Management Inc. OR grew its holdings in shares of Flowserve by 2.1% during the 4th quarter. Thompson Rubinstein Investment Management Inc. OR now owns 90,016 shares of the industrial products company’s stock worth $3,792,000 after purchasing an additional 1,817 shares in the last quarter. Finally, APG Asset Management N.V. grew its holdings in shares of Flowserve by 1.5% during the 4th quarter. APG Asset Management N.V. now owns 131,642 shares of the industrial products company’s stock worth $4,619,000 after purchasing an additional 2,000 shares in the last quarter.

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Shares of Flowserve stock opened at $42.11 on Friday. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.06 and a quick ratio of 1.35. The company has a market capitalization of $5,659.62, a price-to-earnings ratio of -2,105.50, a P/E/G ratio of 1.46 and a beta of 1.52. Flowserve has a one year low of $37.51 and a one year high of $51.92.

Flowserve (NYSE:FLS) last announced its quarterly earnings results on Thursday, February 15th. The industrial products company reported $0.50 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.52 by ($0.02). The company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.03 billion. Flowserve had a negative net margin of 0.04% and a positive return on equity of 10.36%. Flowserve’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.14 EPS. equities analysts forecast that Flowserve will post 1.66 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Thursday, March 29th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date of this dividend is Wednesday, March 28th. Flowserve’s dividend payout ratio is currently -3,800.00%.

FLS has been the topic of several recent research reports. Royal Bank of Canada reissued a “sell” rating and set a $39.00 price objective on shares of Flowserve in a report on Thursday, January 4th. Stifel Nicolaus lowered Flowserve from a “buy” rating to a “hold” rating and set a $43.00 price objective on the stock. in a report on Monday, December 11th. Zacks Investment Research lowered Flowserve from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. Goldman Sachs lowered Flowserve from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $42.65 to $37.00 in a report on Thursday, December 7th. Finally, Robert W. Baird reissued a “hold” rating and set a $45.00 price objective on shares of Flowserve in a report on Friday, December 15th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $43.67.

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Flowserve Company Profile

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.

Institutional Ownership by Quarter for Flowserve (NYSE:FLS)

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