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The stock of Flowserve (NYSE:FLS, 30-year Financials) is estimated to be fairly valued, according to GuruFocus Value calculation.
Flowserve (FLS) saw a big move last session, as its shares jumped more than 6% on the day, amid huge volumes.
Flowserve's heritage dates back to the 1790 founding of Simpson & Thompson by Thomas Simpson, later to become Worthington Simpson Pumps, one of the companies that became part of BW/IP. [8] The company was created in 1997 with the merger of two fluid motion and control companies: BW/IP and Durco International .
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As of 2003, the company had grown to assets of $4.6 billion with more than 125 banking offices and began trading common shares on the New York Stock Exchange under the ticker symbol FNB. [5] Today, it is included in Standard & Poor's MidCap 400 Index with the Global Industry Classification Standard (GICS) Regional Banks Sub-Industry Index.
It is listed on the New York Stock Exchange and is a part of the Fortune 1000. [4] [5] [6] Investments. The company's major holdings are as follows: [2] Financial ...
Flowserve (FLS) prices senior notes offerings worth $500 million. It intends on using the proceeds for redeeming senior notes due to mature in 2022 and 2023. ... News. Science & Tech.
Watts was previously based in Lawrence, MA. [3] [4]Watts created a type of safety valve known as the temperature and pressure valve (T&P valve), which was used for safely venting hot-water supply tank systems, reducing the risk of explosion. [5]