Flowserve Corp(NYSE:FLS) Declares Dividend of $0.1900.

Flowserve Corp (NYSE:FLS) had declared a cash dividend of $0.1900 on Aug 29, 2016. The shares will quote ex-dividend on Sep 28, 2016 and the record date has been fixed for Sep 30, 2016. On Aug 29, 2016 share price, the yield comes out to be 1.5378%. The dividend payable date has been fixed on Oct 14, 2016.

In a different note, On Aug 1, 2016, Citigroup said it Maintains its rating on Flowserve Corp. In the research note, the firm Lowers the price-target to $51.00 per share. The shares have been rated ‘Neutral’ by the firm. On Aug 1, 2016, Stifel Nicolaus said it Maintains its rating on Flowserve Corp. In the research note, the firm Lowers the price-target to $55.00 per share. The shares have been rated ‘Buy’ by the firm. On Aug 1, 2016, SunTrust Robinson Humphrey said it Maintains its rating on Flowserve Corp. In the research note, the firm Raises the price-target to $40.00 per share. The shares have been rated ‘Neutral’ by the firm. On Aug 1, 2016, BMO Capital said it Maintains its rating on Flowserve Corp. In the research note, the firm Lowers the price-target to $44.00 per share. The shares have been rated ‘Market Perform’ by the firm.

Flowserve Corp (FLS) shares turned negative on Thursdays trading session with the shares closing down -0.3 points or -0.62% at a volume of 5,88,883. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $48.53. The peak price level was also seen at $48.53 while the days lowest was $47.43. Finally the shares closed at $48.07. The 52-week high of the shares is $52.5 while the 52-week low is $33.86. According to the latest information available, the market cap of the company is $6,267 M.

Flowserve Corp(FLS) last announced its earnings results on Jul 28, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.03B. Analysts had an estimated revenue of $1.00B. Earnings per share were $0.57. Analysts had estimated an EPS of $0.61.

Several Insider Transactions has been reported to the SEC. On Aug 4, 2016, Thomas L Pajonas (EVP, Chief Operating Officer) sold 35,000 shares at $45.49 per share price.Also, On Aug 4, 2016, Mark A Blinn (President & CEO) sold 84,261 shares at $45.50 per share price.On Aug 4, 2016, William C Rusnack (director) sold 2,169 shares at $46.72 per share price, according to the Form-4 filing with the securities and exchange commission.

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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