Isthmus Partners Lowers stake in Flowserve Corp (FLS)

Flowserve Corp (FLS) : Isthmus Partners reduced its stake in Flowserve Corp by 1.25% during the most recent quarter end. The investment management company now holds a total of 119,453 shares of Flowserve Corp which is valued at $5,712,242 after selling 1,512 shares in Flowserve Corp , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Flowserve Corp makes up approximately 1.79% of Isthmus Partners’s portfolio.

Other Hedge Funds, Including , Norinchukin Bank The boosted its stake in FLS in the latest quarter, The investment management firm added 162 additional shares and now holds a total of 6,838 shares of Flowserve Corp which is valued at $326,993. Flowserve Corp makes up approx 0.01% of Norinchukin Bank The’s portfolio.Tarbox Group reduced its stake in FLS by selling 17 shares or 15.32% in the most recent quarter. The Hedge Fund company now holds 94 shares of FLS which is valued at $4,498.Public Employees Retirement Association Of Colorado reduced its stake in FLS by selling 1,537 shares or 5.26% in the most recent quarter. The Hedge Fund company now holds 27,682 shares of FLS which is valued at $1,324,584. Flowserve Corp makes up approx 0.01% of Public Employees Retirement Association Of Colorado’s portfolio.Yhb Investment Advisors reduced its stake in FLS by selling 60 shares or 0.67% in the most recent quarter. The Hedge Fund company now holds 8,844 shares of FLS which is valued at $421,682. Flowserve Corp makes up approx 0.09% of Yhb Investment Advisors’s portfolio.

Flowserve Corp opened for trading at $47.67 and hit $48.38 on the upside on Monday, eventually ending the session at $48.27, with a gain of 1.64% or 0.78 points. The heightened volatility saw the trading volume jump to 6,11,824 shares. Company has a market cap of $6,293 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.

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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