Flowserve Corp Q4 2017 Institutional Investor Sentiment Better Than Expected

April 26, 2018 - By Marguerite Chambers

Flowserve Corporation (NYSE:FLS) Logo

Sentiment for Flowserve Corp (NYSE:FLS)

Flowserve Corp (NYSE:FLS) institutional sentiment increased to 0.98 in Q4 2017. Its up 0.14, from 0.84 in 2017Q3. The ratio is more positive, as 142 investment managers increased and started new equity positions, while 145 sold and reduced stakes in Flowserve Corp. The investment managers in our partner’s database now possess: 132.57 million shares, up from 132.21 million shares in 2017Q3. Also, the number of investment managers holding Flowserve Corp in their top 10 equity positions decreased from 5 to 3 for a decrease of 2. Sold All: 41 Reduced: 104 Increased: 101 New Position: 41.

Flowserve Corporation designs, manufactures, distributes, and services industrial flow management equipment worldwide. The company has market cap of $5.95 billion. The firm operates through three divisions: Engineered Product Division , Industrial Product Division (IPD), and Flow Control Division (FCD). It has a 2275.5 P/E ratio. The EPD segment offers custom and other engineered pumps and pump systems, mechanical seals, auxiliary systems, replacement parts, and related services, as well as makes gas-lubricated mechanical seal that is used in high-speed compressors.

The stock decreased 1.07% or $0.49 during the last trading session, reaching $45.51. About 1.06 million shares traded. Flowserve Corporation (NYSE:FLS) has declined 10.24% since April 26, 2017 and is downtrending. It has underperformed by 21.79% the S&P500.

Analysts await Flowserve Corporation (NYSE:FLS) to report earnings on May, 7. They expect $0.27 EPS, up 8.00 % or $0.02 from last year’s $0.25 per share. FLS’s profit will be $35.32M for 42.14 P/E if the $0.27 EPS becomes a reality. After $0.50 actual EPS reported by Flowserve Corporation for the previous quarter, Wall Street now forecasts -46.00 % negative EPS growth.

Caledonia Investments Plc holds 11.26% of its portfolio in Flowserve Corporation for 972,500 shares. Edgepoint Investment Group Inc. owns 13.54 million shares or 8.15% of their US portfolio. Moreover, Golub Group Llc has 5.39% invested in the company for 1.41 million shares. The Tennessee-based Southernsun Asset Management Llc has invested 2.71% in the stock. Causeway Capital Management Llc, a California-based fund reported 5.44 million shares.

Flowserve Corporation (NYSE:FLS) Ratings Coverage

Ratings analysis reveals 13% of Flowserve’s analysts are positive. Out of 8 Wall Street analysts rating Flowserve, 1 give it “Buy”, 1 “Sell” rating, while 6 recommend “Hold”. The lowest target is $36.0 while the high is $50.0. The stock’s average target of $44.50 is -2.22% below today’s ($45.51) share price. FLS was included in 15 notes of analysts from November 3, 2017. As per Friday, November 3, the company rating was downgraded by Seaport Global. As per Tuesday, February 20, the company rating was maintained by Stifel Nicolaus. The rating was maintained by RBC Capital Markets with “Sell” on Friday, November 3. The stock has “Buy” rating by Stifel Nicolaus on Friday, November 3. The firm has “Hold” rating by RBC Capital Markets given on Monday, February 19. On Wednesday, April 4 the stock rating was maintained by Robert W. Baird with “Hold”. The firm earned “Market Perform” rating on Friday, November 3 by BMO Capital Markets. The firm has “Hold” rating by Robert W. Baird given on Wednesday, December 13. The rating was maintained by RBC Capital Markets with “Sell” on Wednesday, January 3. The stock of Flowserve Corporation (NYSE:FLS) has “Hold” rating given on Monday, December 11 by Stifel Nicolaus.

Flowserve Corporation (NYSE:FLS) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.