Spx Flow (NYSE:FLOW) had its price target boosted by Stifel Nicolaus from $60.00 to $61.00 in a report published on Monday. They currently have a buy rating on the industrial products company’s stock.
Several other research firms also recently commented on FLOW. Zacks Investment Research downgraded Spx Flow from a buy rating to a hold rating in a report on Monday, March 19th. Barclays assumed coverage on Spx Flow in a research note on Thursday, February 15th. They issued an equal weight rating and a $50.00 price target for the company. Royal Bank of Canada restated a hold rating and issued a $50.00 price target on shares of Spx Flow in a research note on Wednesday, February 7th. Robert W. Baird boosted their price target on Spx Flow from $52.00 to $54.00 and gave the stock an outperform rating in a research note on Wednesday, February 7th. Finally, UBS cut Spx Flow from a buy rating to a neutral rating and set a $51.00 price target for the company. in a research note on Monday, January 22nd. They noted that the move was a valuation call. 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. Spx Flow currently has a consensus rating of Hold and a consensus price target of $54.67.
Spx Flow stock opened at $49.98 on Monday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.11 and a current ratio of 1.55. Spx Flow has a 12 month low of $31.10 and a 12 month high of $54.92. The firm has a market capitalization of $2,092.77, a price-to-earnings ratio of 39.09, a P/E/G ratio of 0.50 and a beta of 1.92.
In other news, VP Jaime Manson Easley sold 4,665 shares of the business’s stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $48.78, for a total value of $227,558.70. Following the completion of the transaction, the vice president now owns 10,184 shares in the company, valued at $496,775.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.00% of the stock is owned by insiders.
A number of institutional investors have recently bought and sold shares of the stock. BlackRock Inc. increased its position in Spx Flow by 3.4% during the fourth quarter. BlackRock Inc. now owns 5,315,803 shares of the industrial products company’s stock valued at $252,767,000 after acquiring an additional 176,983 shares during the last quarter. Rice Hall James & Associates LLC increased its position in Spx Flow by 16.5% during the fourth quarter. Rice Hall James & Associates LLC now owns 525,644 shares of the industrial products company’s stock valued at $24,994,000 after acquiring an additional 74,611 shares during the last quarter. Bank of New York Mellon Corp increased its position in Spx Flow by 0.4% during the fourth quarter. Bank of New York Mellon Corp now owns 471,246 shares of the industrial products company’s stock valued at $22,408,000 after acquiring an additional 1,890 shares during the last quarter. Mesirow Financial Investment Management Equity Management purchased a new stake in Spx Flow during the fourth quarter valued at $21,587,000. Finally, TIAA CREF Investment Management LLC increased its position in Spx Flow by 0.7% during the fourth quarter. TIAA CREF Investment Management LLC now owns 439,116 shares of the industrial products company’s stock valued at $20,880,000 after acquiring an additional 3,009 shares during the last quarter. Institutional investors own 87.60% of the company’s stock.
About Spx Flow
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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