Crossmark Global Holdings Inc. Has $442,000 Stock Holdings in Flowserve Co. (NYSE:FLS)

Crossmark Global Holdings Inc. lifted its position in shares of Flowserve Co. (NYSE:FLS) by 3.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,564 shares of the industrial products company’s stock after acquiring an additional 318 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Flowserve were worth $442,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. V Square Quantitative Management LLC acquired a new stake in Flowserve in the third quarter worth about $27,000. Signaturefd LLC raised its stake in shares of Flowserve by 185.9% during the second quarter. Signaturefd LLC now owns 569 shares of the industrial products company’s stock worth $27,000 after buying an additional 370 shares during the last quarter. Allworth Financial LP lifted its holdings in Flowserve by 159.9% in the third quarter. Allworth Financial LP now owns 655 shares of the industrial products company’s stock valued at $34,000 after buying an additional 403 shares during the period. nVerses Capital LLC bought a new position in Flowserve in the second quarter valued at approximately $34,000. Finally, GAMMA Investing LLC boosted its stake in Flowserve by 166.0% in the second quarter. GAMMA Investing LLC now owns 987 shares of the industrial products company’s stock valued at $47,000 after acquiring an additional 616 shares during the last quarter. Institutional investors and hedge funds own 93.93% of the company’s stock.

Analysts Set New Price Targets

FLS has been the topic of a number of analyst reports. Stifel Nicolaus increased their price target on Flowserve from $60.00 to $61.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. The Goldman Sachs Group increased their target price on Flowserve from $46.00 to $52.00 and gave the company a “sell” rating in a research note on Thursday, October 10th. Bank of America upped their price target on Flowserve from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Mizuho lifted their price objective on shares of Flowserve from $58.00 to $65.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. Finally, Royal Bank of Canada upped their target price on shares of Flowserve from $55.00 to $57.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Flowserve has an average rating of “Moderate Buy” and a consensus target price of $60.10.

Flowserve Price Performance

FLS stock opened at $59.23 on Friday. The stock has a market cap of $7.78 billion, a PE ratio of 29.32, a price-to-earnings-growth ratio of 1.44 and a beta of 1.38. The stock has a 50-day moving average price of $52.97 and a two-hundred day moving average price of $49.93. Flowserve Co. has a 1 year low of $37.24 and a 1 year high of $61.60. The company has a current ratio of 1.99, a quick ratio of 1.39 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 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.05). The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.12 billion. Flowserve had a net margin of 5.90% and a return on equity of 17.10%. The company’s revenue was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.50 EPS. Equities analysts forecast that Flowserve Co. will post 2.72 EPS for the current fiscal year.

Flowserve 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.