Procurement News Notice |
|
| PNN | 8266 |
| Work Detail | Davidson Investment Advisors scooped up 37,153 additional shares in Flowserve Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 244,861 shares of Flowserve Corp which is valued at $11,628,449.Flowserve Corp makes up approximately 1.83% of Davidson Investment Advisors’s portfolio. Other Hedge Funds, Including , Sciencast Management Lp added FLS to its portfolio by purchasing 16,400 company shares during the most recent quarter which is valued at $778,836. Flowserve Corp makes up approx 0.59% of Sciencast Management Lp’s portfolio.Hsbc Holdings Plc boosted its stake in FLS in the latest quarter, The investment management firm added 10,102 additional shares and now holds a total of 187,255 shares of Flowserve Corp which is valued at $8,892,740. Flowserve Corp makes up approx 0.03% of Hsbc Holdings Plc’s portfolio.Geode Capital Management reduced its stake in FLS by selling 52,551 shares or 4.75% in the most recent quarter. The Hedge Fund company now holds 1,053,978 shares of FLS which is valued at $50,053,415. Flowserve Corp makes up approx 0.03% of Geode Capital Management’s portfolio.Finemark National Bank Trust reduced its stake in FLS by selling 5 shares or 1.71% in the most recent quarter. The Hedge Fund company now holds 287 shares of FLS which is valued at $13,724. Flowserve Corp closed down -0.3 points or -0.62% at $48.07 with 5,88,883 shares getting traded on Thursday. Post opening the session at $48.31, the shares hit an intraday low of $47.43 and an intraday high of $48.53 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red. On the company’s financial health, Flowserve Corp reported $0.57 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus of $0.61. The company had revenue of $1026.20 million for the quarter, compared to analysts expectations of $1003.18 million. The company’s revenue was down -11.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.80 EPS. Investors should note that on Aug 29, 2016, Flowserve Corp announced a cash dividend of $0.1900. The company’s management has announced Sep 28, 2016 as the ex-dividend date and fixed the record date on Sep 30, 2016. The payable date has been fixed on Oct 14, 2016. Flowserve Corporation is a manufacturer and aftermarket service provider of flow control systems. The Company develops and manufactures precision-engineered flow control equipment integral to the movement control and protection of the flow of materials. The Company operates through three segments: Engineered Product Division (EPD) Industrial Product Division (IPD) and Flow Control Division (FCD). Its EPD designs manufactures distributes and services engineered pumps and pump systems mechanical seals auxiliary systems replacement parts and related equipment. Its IPD designs manufactures distributes and services pre-configured engineered pumps and pump systems including submersible motors for industrial markets. The Company’s FCD designs manufactures distributes and services a portfolio of industrial valve and automation solutions including isolation and control valves actuation controls and related equipment. |
| Country | United States , Northern America |
| Industry | Financial Services |
| Entry Date | 15 Oct 2016 |
| Source | http://www.thefoundersdaily.com/davidson-investment-advisors-buys-11628449-stake-in-flowserve-corp-fls/665809/ |
