Thrivent Financial For Lutherans lowered its stake in SPX Flow Inc (NYSE:FLOW) by 5.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 220,613 shares of the industrial products company’s stock after selling 13,890 shares during the quarter. Thrivent Financial For Lutherans owned about 0.52% of SPX Flow worth $10,491,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of FLOW. Stifel Financial Corp raised its stake in shares of SPX Flow by 69.5% in the third quarter. Stifel Financial Corp now owns 35,770 shares of the industrial products company’s stock worth $1,379,000 after buying an additional 14,662 shares during the period. Spitfire Capital LLC grew its position in shares of SPX Flow by 3.5% during the third quarter. Spitfire Capital LLC now owns 263,984 shares of the industrial products company’s stock worth $10,179,000 after purchasing an additional 8,884 shares in the last quarter. GSA Capital Partners LLP grew its position in shares of SPX Flow by 21.5% during the third quarter. GSA Capital Partners LLP now owns 72,562 shares of the industrial products company’s stock worth $2,798,000 after purchasing an additional 12,818 shares in the last quarter. Louisiana State Employees Retirement System grew its position in shares of SPX Flow by 6.4% during the fourth quarter. Louisiana State Employees Retirement System now owns 18,200 shares of the industrial products company’s stock worth $865,000 after purchasing an additional 1,100 shares in the last quarter. Finally, Convergence Investment Partners LLC purchased a new stake in shares of SPX Flow during the fourth quarter worth about $1,190,000. 87.62% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts recently issued reports on the company. Barclays assumed coverage on SPX Flow in a research report on Thursday, February 15th. They set an “equal weight” rating and a $50.00 target price for the company. Stifel Nicolaus cut their target price on SPX Flow from $62.00 to $60.00 and set a “buy” rating for the company in a research report on Wednesday, February 7th. Robert W. Baird increased their target price on SPX Flow from $52.00 to $54.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Royal Bank of Canada reiterated a “hold” rating and set a $50.00 target price on shares of SPX Flow in a research report on Wednesday, February 7th. Finally, Zacks Investment Research upgraded SPX Flow from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research report on Tuesday, January 23rd. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $50.00.
SPX Flow (NYSE:FLOW) last released its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.02. The business had revenue of $529.20 million during the quarter, compared to analysts’ expectations of $515.37 million. SPX Flow had a return on equity of 6.13% and a net margin of 2.38%. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.46 EPS. equities research analysts expect that SPX Flow Inc will post 2.47 earnings per share for the current fiscal year.
In other SPX Flow news, VP Jaime Manson Easley sold 4,665 shares of the firm’s stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $48.78, for a total transaction of $227,558.70. Following the completion of the transaction, the vice president now owns 10,184 shares in the company, valued at approximately $496,775.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.00% of the company’s stock.
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SPX Flow Profile
SPX FLOW, Inc is a global supplier of engineered solutions. As of December 31, 2016, the Company had operations in over 30 countries and sales in over 150 countries around the world. The Company operates in three business segments: Food and Beverage, Power and Energy, and Industrial. Its product portfolio of pumps, valves, mixers, filters, air dryers, hydraulic tools, homogenizers, separators and heat exchangers, along with the related aftermarket parts and services, supports global industries, including food and beverage, oil and gas, power generation, chemical processing, compressed air and mining.
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