What Did This CEO Just Do with Personal Shares of Flowserve Corp. (NYSE: FLS)?

By Carrie Williams

Today, the President & CEO of Flowserve Corp. (NYSE: FLS), Mark Blinn, sold shares of FLS for $4.96M.

The company has a one year high of $52.50 and a one year low of $33.86. FLS’s market cap is $5.41B and the company has a P/E ratio of 35.96. Currently, Flowserve Corp. has an average volume of 1.44M.

The insider sentiment on Flowserve Corp. has been negative according to 40 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Flowserve Corp. develops and manufactures precision-engineered flow control equipment integral to the movement, control and protection of the flow of materials in its customer’s critical processes. It also engaged in providing fluid motion and control products and services. The company manufactures and supplies engineered and industrial pumps, seals and valves as well as a range of related flow management services. It also provides automation and services to the power, oil, gas, chemical and other industries. The company operates its business through three segments: Engineered Product Division, Industrial Product Division and Flow Control Division. The Engineered Product Division segment designs, manufacture, distribute and service custom and other highly-engineered pumps and pump systems, mechanical seals and auxiliary systems. The Industrial Product Division segment designs, manufacture, distribute and service engineered, pre-configured industrial pumps and pump systems, including submersible motors and specialty products. The Flow Control Division segment designs, manufactures and distributes a broad portfolio of engineered-to-order and configured-to-order isolation valves, control valves, valve automation products, boiler controls and related services. Flowserve was founded in 1997 and is headquartered in Irving, TX.