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Flowserve Corporation Buyback

OLI recorded this information on 11/17/2014

Company: Flowserve Corporation
Buyback: FLS buyback
$Amount Authorized: $500,000,000
Buyback Details: Flowserve Corporation, (NYSE:FLS), a leading provider of flow control products and services for the global infrastructure markets, announced today that its Board of Directors has authorized a replenished stock repurchase authorization to $500 million and declared a quarterly cash dividend of $0.16 per share on the company's outstanding shares of common stock.

Flowserve is a manufacturer and aftermarket service provider of flow control systems. Co. develops and manufactures flow control equipment integral to the movement, control and protection of the flow of materials in its customers' processes. Co.'s segments are: Flowserve Pump Division, which are for custom, pumps, pre-configured industrial pumps, pump systems, mechanical seals, auxiliary systems and replacement parts and related services; and Flow Control Division, which are for engineered and industrial valves, control valves, actuators and controls and related services.

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Company Name: 
Flowserve Corp
Stock buyback: 
FLS buyback
Website: 
www.flowserve.com
Sector: 
Industrial Machinery & Equipment
Number of ETFs Holding FLS: 
60
Total Market Value Held by ETFs: 
$795.56M
Total Market Capitalization: 
$4.57B
% of Market Cap. Held by ETFs: 
17.42%
 

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Buy (3.00 out of 4)
22nd percentile
(ranked lower than approx. 78% of all stocks covered)

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