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Shelton Capital slightly cuts holdings in Flowserve, a company that saw earnings rise despite stock dropping 34.6%.
Shelton Capital Management slightly reduced its holdings in Flowserve Co., which designs industrial flow management equipment, after the company reported a 7.7% rise in earnings.
Flowserve's stock has a "Moderate Buy" rating and a price target of $68.60.
The company recently declared a $0.21 quarterly dividend, paying out 39.25% of its earnings.
Despite a recent 34.6% stock decrease, Flowserve has a market cap of $5.50 billion and a P/E ratio of 19.50.
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Shelton Capital recorta ligeramente las participaciones en Flowserve, una empresa que vio aumentar las ganancias a pesar de que las acciones bajaron 34,6%.