SG Americas Securities LLC increased its position in Flowserve Corporation (NYSE:FLS) by 9.4% during the second quarter, Holdings Channel reports. The fund owned 645,021 shares of the industrial products company’s stock after buying an additional 55,283 shares during the period. SG Americas Securities LLC’s holdings in Flowserve Corporation were worth $29,948,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the company. State of Wisconsin Investment Board boosted its position in shares of Flowserve Corporation by 155.3% in the second quarter. State of Wisconsin Investment Board now owns 221,899 shares of the industrial products company’s stock worth $10,303,000 after buying an additional 134,970 shares during the last quarter. Ridgewood Investments LLC boosted its position in shares of Flowserve Corporation by 5.7% in the second quarter. Ridgewood Investments LLC now owns 5,903 shares of the industrial products company’s stock worth $274,000 after buying an additional 316 shares during the last quarter. Advisors Asset Management Inc. boosted its position in shares of Flowserve Corporation by 32.2% in the second quarter. Advisors Asset Management Inc. now owns 10,906 shares of the industrial products company’s stock worth $506,000 after buying an additional 2,657 shares during the last quarter. Bourgeon Capital Management LLC boosted its position in shares of Flowserve Corporation by 7.8% in the second quarter. Bourgeon Capital Management LLC now owns 20,650 shares of the industrial products company’s stock worth $959,000 after buying an additional 1,500 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its position in shares of Flowserve Corporation by 22.5% in the second quarter. DekaBank Deutsche Girozentrale now owns 15,416 shares of the industrial products company’s stock worth $739,000 after buying an additional 2,828 shares during the last quarter.

Flowserve Corporation (NYSE:FLS) opened at 39.58 on Tuesday. The firm has a 50-day moving average price of $44.23 and a 200-day moving average price of $47.21. Flowserve Corporation has a 12 month low of $38.27 and a 12 month high of $52.10. The company has a market capitalization of $5.16 billion, a price-to-earnings ratio of 43.98 and a beta of 1.46.

Flowserve Corporation (NYSE:FLS) last announced its quarterly earnings results on Thursday, July 27th. The industrial products company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by $0.21. The company had revenue of $877 million for the quarter, compared to analyst estimates of $933.91 million. Flowserve Corporation had a return on equity of 13.20% and a net margin of 2.68%. The firm’s quarterly revenue was down 14.6% on a year-over-year basis. During the same quarter last year, the company posted $0.57 earnings per share. On average, equities analysts anticipate that Flowserve Corporation will post $1.49 earnings per share for the current fiscal year.

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A number of equities analysts have recently issued reports on the company. UBS AG raised Flowserve Corporation from a “neutral” rating to a “positive” rating in a report on Tuesday. Cowen and Company restated a “buy” rating and set a $50.00 price target on shares of Flowserve Corporation in a research report on Thursday, August 10th. Zacks Investment Research upgraded Flowserve Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Flowserve Corporation in a research report on Monday, July 31st. Finally, BidaskClub lowered Flowserve Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $48.60.

About Flowserve Corporation

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.

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Institutional Ownership by Quarter for Flowserve Corporation (NYSE:FLS)

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