New York State Teachers Retirement System increased its position in SPX Flow Inc (NYSE:FLOW) by 5.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,230 shares of the industrial products company’s stock after buying an additional 4,100 shares during the period. New York State Teachers Retirement System owned 0.18% of SPX Flow worth $3,337,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of FLOW. BlackRock Inc. raised its position in SPX Flow by 1.2% during the first quarter. BlackRock Inc. now owns 5,381,639 shares of the industrial products company’s stock valued at $264,723,000 after purchasing an additional 65,836 shares during the period. Dimensional Fund Advisors LP raised its position in SPX Flow by 0.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,396,725 shares of the industrial products company’s stock valued at $68,705,000 after purchasing an additional 5,914 shares during the period. Schwab Charles Investment Management Inc. raised its position in SPX Flow by 0.6% during the first quarter. Schwab Charles Investment Management Inc. now owns 390,996 shares of the industrial products company’s stock valued at $19,234,000 after purchasing an additional 2,345 shares during the period. Prudential Financial Inc. raised its position in SPX Flow by 58.1% during the first quarter. Prudential Financial Inc. now owns 386,213 shares of the industrial products company’s stock valued at $18,998,000 after purchasing an additional 141,853 shares during the period. Finally, JPMorgan Chase & Co. raised its position in SPX Flow by 211.0% during the first quarter. JPMorgan Chase & Co. now owns 333,613 shares of the industrial products company’s stock valued at $16,410,000 after purchasing an additional 226,325 shares during the period. Institutional investors own 84.83% of the company’s stock.

FLOW has been the topic of a number of recent research reports. TheStreet downgraded SPX Flow from a “b” rating to a “c+” rating in a research report on Monday, July 23rd. Zacks Investment Research upgraded SPX Flow from a “sell” rating to a “hold” rating and set a $51.00 price objective on the stock in a research report on Friday, August 3rd. Bank of America upped their price objective on SPX Flow from $32.00 to $48.00 and gave the company an “underperform” rating in a research report on Thursday, August 2nd. Wolfe Research began coverage on SPX Flow in a research note on Wednesday, June 27th. They set a “market perform” rating on the stock. Finally, Royal Bank of Canada reaffirmed a “hold” rating and set a $45.00 target price on shares of SPX Flow in a research note on Thursday, August 2nd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $52.57.

FLOW opened at $47.67 on Friday. The company has a market cap of $1.96 billion, a PE ratio of 37.54, a price-to-earnings-growth ratio of 0.47 and a beta of 1.95. SPX Flow Inc has a one year low of $31.10 and a one year high of $54.92. The company has a current ratio of 1.52, a quick ratio of 1.04 and a debt-to-equity ratio of 0.83.

SPX Flow (NYSE:FLOW) last released its earnings results on Wednesday, August 1st. The industrial products company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.09. The firm had revenue of $531.20 million for the quarter, compared to analysts’ expectations of $516.58 million. SPX Flow had a return on equity of 8.55% and a net margin of 4.01%. The company’s quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.24 earnings per share. equities research analysts predict that SPX Flow Inc will post 2.51 earnings per share for the current year.

SPX Flow Profile

SPX FLOW, Inc provides various engineered solutions worldwide. The company engineers, designs, manufactures, and markets products and solutions used to process, blend, filter, dry, meter, and transport fluids with a focus on original equipment installation, including turn-key systems, modular systems, and components, as well as aftermarket components and support services.

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Institutional Ownership by Quarter for SPX Flow (NYSE:FLOW)

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