John G Ullman & Associates Inc. Has $7.79 Million Position in Flowserve Co. (NYSE:FLS)

John G Ullman & Associates Inc. decreased its holdings in shares of Flowserve Co. (NYSE:FLS) by 1.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 150,650 shares of the industrial products company’s stock after selling 1,700 shares during the quarter. Flowserve comprises approximately 1.1% of John G Ullman & Associates Inc.’s holdings, making the stock its 26th largest position. John G Ullman & Associates Inc. owned about 0.11% of Flowserve worth $7,787,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC grew its stake in shares of Flowserve by 7.3% in the first quarter. O Shaughnessy Asset Management LLC now owns 6,266 shares of the industrial products company’s stock worth $286,000 after acquiring an additional 426 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its holdings in Flowserve by 1.6% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 86,629 shares of the industrial products company’s stock valued at $3,957,000 after buying an additional 1,328 shares during the period. Natixis raised its stake in shares of Flowserve by 964.3% in the 1st quarter. Natixis now owns 9,951 shares of the industrial products company’s stock valued at $455,000 after buying an additional 9,016 shares in the last quarter. Toronto Dominion Bank raised its stake in shares of Flowserve by 0.7% in the 1st quarter. Toronto Dominion Bank now owns 46,570 shares of the industrial products company’s stock valued at $2,127,000 after buying an additional 305 shares in the last quarter. Finally, Keeley Teton Advisors LLC lifted its stake in Flowserve by 7.1% during the first quarter. Keeley Teton Advisors LLC now owns 94,141 shares of the industrial products company’s stock worth $4,300,000 after purchasing an additional 6,238 shares during the period. Institutional investors and hedge funds own 93.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on FLS shares. Bank of America boosted their target price on shares of Flowserve from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. StockNews.com lowered Flowserve from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 8th. Mizuho lifted their price objective on Flowserve from $58.00 to $65.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Robert W. Baird boosted their price objective on Flowserve from $65.00 to $66.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Finally, TD Cowen lifted their price target on Flowserve from $55.00 to $57.00 and gave the company a “buy” rating in a report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $60.10.

Flowserve Trading Down 0.3 %

NYSE:FLS opened at $59.89 on Thursday. The company has a market cap of $7.87 billion, a P/E ratio of 29.65, a price-to-earnings-growth ratio of 1.44 and a beta of 1.38. Flowserve Co. has a twelve month low of $37.24 and a twelve month high of $61.60. The business has a 50 day moving average price of $53.83 and a two-hundred day moving average price of $50.19. The company has a quick ratio of 1.39, a current ratio of 1.99 and a debt-to-equity ratio of 0.56.

Flowserve (NYSE:FLS) last released its earnings results on Monday, October 28th. The industrial products company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.05). Flowserve had a net margin of 5.90% and a return on equity of 17.10%. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same period last year, the business posted $0.50 EPS. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. As a group, analysts expect that Flowserve Co. will post 2.72 EPS for the current fiscal year.

Flowserve Company Profile

Flowserve Corporation designs, manufactures, distributes, and services industrial flow management equipment in the United States, Canada, Mexico, Europe, the Middle East, Africa, and the Asia Pacific. It operates through Flowserve Pump Division (FPD) and Flow Control Division (FCD) segments. The FPD segment offers custom and pre-configured pumps and pump systems, mechanical seals, auxiliary systems, replacement parts, upgrades, and related aftermarket services; and equipment services, including installation and commissioning services, seal systems spare parts, repairs, advanced diagnostics, re-rate and upgrade solutions, retrofit programs, and machining and asset management solutions, as well as manufactures a gas-lubricated mechanical seal for use in high-speed compressors for gas pipelines and in the oil and gas production and process markets.