Reilly Financial Advisors adds Flowserve Corp (FLS) to its portfolio

Flowserve Corp (FLS) : Reilly Financial Advisors added new position in Flowserve Corp during the most recent quarter end. The investment management firm now holds 145,261 shares of Flowserve Corp which is valued at $6,738,658 , the company said in a statement filed on Aug 3, 2016 with the SEC.Flowserve Corp makes up approximately 1.20% of Reilly Financial Advisors’s portfolio.

Other Hedge Funds, Including , Smithfield Trust Co reduced its stake in FLS by selling 2,920 shares or 61.86% in the most recent quarter. The Hedge Fund company now holds 1,800 shares of FLS which is valued at $86,130. Flowserve Corp makes up approx 0.02% of Smithfield Trust Co’s portfolio.Sumitomo Mitsui Asset Management Company Ltd boosted its stake in FLS in the latest quarter, The investment management firm added 98 additional shares and now holds a total of 10,063 shares of Flowserve Corp which is valued at $481,515. Flowserve Corp makes up approx 0.01% of Sumitomo Mitsui Asset Management Company Ltd’s portfolio. Stoneridge Investment Partners added FLS to its portfolio by purchasing 13,785 company shares during the most recent quarter which is valued at $681,668. Flowserve Corp makes up approx 0.10% of Stoneridge Investment Partners’s portfolio.Ls Investment Advisors reduced its stake in FLS by selling 530 shares or 6.79% in the most recent quarter. The Hedge Fund company now holds 7,281 shares of FLS which is valued at $347,158. Flowserve Corp makes up approx 0.02% of Ls Investment Advisors’s portfolio.

Flowserve Corp opened for trading at $47.17 and hit $47.67 on the upside on Monday, eventually ending the session at $47.48, with a gain of 1.26% or 0.59 points. The heightened volatility saw the trading volume jump to 10,73,319 shares. Company has a market cap of $6,190 M.

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.

Many Wall Street Analysts have commented on Flowserve Corp. Flowserve Corp was Initiated by KeyBanc Capital Mkts to “Sector Weight” on May 10, 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.

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