Public Employees Retirement System of Ohio decreased its position in Flowserve Corp (NYSE:FLS) by 2.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 300,991 shares of the industrial products company’s stock after selling 6,844 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.23% of Flowserve worth $12,819,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Verition Fund Management LLC grew its holdings in shares of Flowserve by 2.5% in the 2nd quarter. Verition Fund Management LLC now owns 5,232 shares of the industrial products company’s stock valued at $243,000 after buying an additional 126 shares during the period. Oppenheimer & Co. Inc. acquired a new position in shares of Flowserve in the 3rd quarter valued at $1,799,000. Old Mutual Global Investors UK Ltd. acquired a new position in shares of Flowserve in the 2nd quarter valued at $840,000. GAM Holding AG grew its holdings in shares of Flowserve by 2.4% in the 2nd quarter. GAM Holding AG now owns 56,822 shares of the industrial products company’s stock valued at $2,638,000 after buying an additional 1,306 shares during the period. Finally, Legal & General Group Plc grew its holdings in shares of Flowserve by 2.9% in the 2nd quarter. Legal & General Group Plc now owns 649,800 shares of the industrial products company’s stock valued at $30,170,000 after buying an additional 18,039 shares during the period.

Several equities analysts have recently issued reports on the stock. Robert W. Baird reissued a “hold” rating and issued a $45.00 price target on shares of Flowserve in a report on Friday. Stifel Nicolaus lowered shares of Flowserve from a “buy” rating to a “hold” rating and set a $43.00 price target for the company. in a report on Monday, December 11th. Goldman Sachs Group lowered shares of Flowserve from a “neutral” rating to a “sell” rating and decreased their price target for the company from $42.65 to $37.00 in a report on Thursday, December 7th. Zacks Investment Research lowered shares of Flowserve from a “hold” rating to a “sell” rating in a report on Monday, November 6th. Finally, BMO Capital Markets lowered shares of Flowserve from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $51.00 to $41.00 in a report on Friday, November 3rd. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $43.33.

Flowserve Corp (FLS) opened at $41.31 on Tuesday. The firm has a market cap of $5,376.28, a price-to-earnings ratio of 26.38, a P/E/G ratio of 3.33 and a beta of 1.53. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.12 and a quick ratio of 1.30. Flowserve Corp has a one year low of $37.51 and a one year high of $52.10.

Flowserve (NYSE:FLS) last announced its earnings results on Wednesday, November 1st. The industrial products company reported $0.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.03. The firm had revenue of $883.38 million during the quarter, compared to analyst estimates of $871.20 million. Flowserve had a net margin of 4.58% and a return on equity of 12.09%. The company’s revenue for the quarter was down 6.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.52 EPS. analysts predict that Flowserve Corp will post 1.38 earnings per share for the current year.

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Flowserve 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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