Teacher Retirement System of Texas Grows Stake in SPX FLOW, Inc. (NYSE:FLOW)

Teacher Retirement System of Texas raised its stake in SPX FLOW, Inc. (NYSE:FLOW) by 17.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,582 shares of the industrial products company’s stock after acquiring an additional 826 shares during the period. Teacher Retirement System of Texas’ holdings in SPX FLOW were worth $364,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FLOW. Point72 Hong Kong Ltd purchased a new stake in shares of SPX FLOW during the first quarter valued at $26,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of SPX FLOW during the first quarter valued at $28,000. Captrust Financial Advisors boosted its position in shares of SPX FLOW by 144.9% during the first quarter. Captrust Financial Advisors now owns 524 shares of the industrial products company’s stock valued at $33,000 after buying an additional 310 shares during the last quarter. Verition Fund Management LLC purchased a new stake in shares of SPX FLOW during the first quarter valued at $200,000. Finally, Perigon Wealth Management LLC purchased a new stake in shares of SPX FLOW during the second quarter valued at $200,000. 94.85% of the stock is currently owned by hedge funds and other institutional investors.

Separately, Zacks Investment Research raised SPX FLOW from a “hold” rating to a “buy” rating and set a $87.00 price objective on the stock in a research report on Tuesday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $71.75.

FLOW stock opened at $77.05 on Wednesday. SPX FLOW, Inc. has a fifty-two week low of $40.96 and a fifty-two week high of $86.17. The business’s 50-day moving average is $76.62 and its two-hundred day moving average is $69.89. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.20 and a current ratio of 1.65. The company has a market cap of $3.21 billion, a price-to-earnings ratio of 49.39, a P/E/G ratio of 0.76 and a beta of 1.81.

SPX FLOW (NYSE:FLOW) last issued its earnings results on Wednesday, August 4th. The industrial products company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.04. The company had revenue of $381.60 million for the quarter, compared to the consensus estimate of $367.19 million. SPX FLOW had a return on equity of 9.29% and a net margin of 4.38%. The firm’s quarterly revenue was up 23.9% on a year-over-year basis. During the same quarter last year, the company earned $0.27 EPS. Equities analysts predict that SPX FLOW, Inc. will post 2.81 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 14th. Investors of record on Wednesday, June 30th were paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend was Tuesday, June 29th. SPX FLOW’s dividend payout ratio (DPR) is presently 24.49%.

SPX FLOW Company Profile

SPX Flow, Inc engages in manufacturing and distributing industrial components. It operates through the following segments: Food & Beverage and Industrial. The Food and Beverage segment includes mixing, drying, evaporation, and separation systems and components, heat exchangers, and reciprocating and centrifugal pump technologies.

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

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