ACR Alpine Capital Research LLC grew its holdings in SPX Flow Inc (NYSE:FLOW) by 4.5% during the third quarter, Holdings Channel reports. The fund owned 1,625,262 shares of the industrial products company’s stock after purchasing an additional 70,290 shares during the period. SPX Flow accounts for about 4.5% of ACR Alpine Capital Research LLC’s investment portfolio, making the stock its 9th biggest holding. ACR Alpine Capital Research LLC’s holdings in SPX Flow were worth $84,514,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. increased its holdings in shares of SPX Flow by 4.4% in the 3rd quarter. BlackRock Inc. now owns 6,024,826 shares of the industrial products company’s stock valued at $313,291,000 after acquiring an additional 256,630 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of SPX Flow by 12.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,750,068 shares of the industrial products company’s stock valued at $91,003,000 after acquiring an additional 198,058 shares during the last quarter. Diamond Hill Capital Management Inc. increased its holdings in shares of SPX Flow by 1.9% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 1,119,612 shares of the industrial products company’s stock valued at $58,220,000 after acquiring an additional 20,861 shares during the last quarter. Voya Investment Management LLC increased its holdings in shares of SPX Flow by 9.0% in the 2nd quarter. Voya Investment Management LLC now owns 555,351 shares of the industrial products company’s stock valued at $24,308,000 after acquiring an additional 46,019 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in shares of SPX Flow by 9.3% in the 2nd quarter. Northern Trust Corp now owns 552,418 shares of the industrial products company’s stock valued at $24,179,000 after acquiring an additional 47,212 shares during the last quarter. Institutional investors and hedge funds own 87.16% of the company’s stock.

FLOW has been the topic of a number of research reports. Zacks Investment Research upgraded SPX Flow from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a research note on Monday, August 13th. Buckingham Research initiated coverage on SPX Flow in a research note on Tuesday, September 18th. They set a “buy” rating and a $60.00 price target on the stock. ValuEngine upgraded SPX Flow from a “hold” rating to a “buy” rating in a research note on Saturday, August 18th. TheStreet downgraded SPX Flow from a “b” rating to a “c+” rating in a research note on Monday, October 29th. Finally, Seaport Global Securities set a $45.00 price target on SPX Flow and gave the stock a “buy” rating in a research note on Wednesday, October 31st. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. SPX Flow presently has an average rating of “Hold” and an average price target of $50.00.

NYSE:FLOW opened at $34.22 on Friday. The company has a market cap of $1.48 billion, a P/E ratio of 26.94, a PEG ratio of 0.38 and a beta of 2.43. The company has a current ratio of 1.62, a quick ratio of 1.12 and a debt-to-equity ratio of 0.79. SPX Flow Inc has a 52-week low of $33.01 and a 52-week high of $54.92.

SPX Flow (NYSE:FLOW) last released its quarterly earnings results on Tuesday, October 30th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.14. The firm had revenue of $530.30 million for the quarter, compared to the consensus estimate of $521.01 million. SPX Flow had a return on equity of 9.59% and a net margin of 4.89%. The firm’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.42 EPS. On average, research analysts expect that SPX Flow Inc will post 2.28 EPS for the current fiscal year.

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

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