Cramer Rosenthal Mcglynn LLC decreased its position in shares of SPX Flow Inc (NYSE:FLOW) by 3.1% during the second quarter, Holdings Channel.com reports. The fund owned 842,707 shares of the industrial products company’s stock after selling 27,010 shares during the quarter. Cramer Rosenthal Mcglynn LLC’s holdings in SPX Flow were worth $35,276,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. ACR Alpine Capital Research LLC grew its holdings in shares of SPX Flow by 7.8% in the first quarter. ACR Alpine Capital Research LLC now owns 2,260,757 shares of the industrial products company’s stock valued at $72,118,000 after purchasing an additional 164,030 shares in the last quarter. Impax Asset Management Group plc boosted its stake in SPX Flow by 2.9% during the second quarter. Impax Asset Management Group plc now owns 1,853,675 shares of the industrial products company’s stock worth $77,595,000 after buying an additional 52,952 shares during the period. FMR LLC boosted its stake in SPX Flow by 1.4% during the first quarter. FMR LLC now owns 1,004,760 shares of the industrial products company’s stock worth $32,051,000 after buying an additional 13,672 shares during the period. Newport Trust Co purchased a new position in SPX Flow during the second quarter worth $31,839,000. Finally, Robecosam AG boosted its stake in SPX Flow by 133.4% during the second quarter. Robecosam AG now owns 630,600 shares of the industrial products company’s stock worth $25,432,000 after buying an additional 360,400 shares during the period. Institutional investors own 89.80% of the company’s stock.

FLOW has been the subject of several recent analyst reports. ValuEngine raised shares of SPX Flow from a “hold” rating to a “buy” rating in a research note on Friday, August 16th. Buckingham Research lowered their target price on shares of SPX Flow from $46.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. Zacks Investment Research raised shares of SPX Flow from a “sell” rating to a “hold” rating in a research note on Monday, August 5th. Finally, Seaport Global Securities lowered shares of SPX Flow from a “buy” rating to a “neutral” rating in a research note on Tuesday, August 13th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $39.80.

Shares of FLOW traded up $0.24 during trading hours on Friday, reaching $42.81. 300 shares of the company traded hands, compared to its average volume of 276,619. The firm has a market cap of $1.68 billion, a price-to-earnings ratio of 18.35, a PEG ratio of 2.36 and a beta of 2.09. SPX Flow Inc has a 12-month low of $27.23 and a 12-month high of $54.13. The company has a current ratio of 2.12, a quick ratio of 1.77 and a debt-to-equity ratio of 0.68. The stock’s fifty day moving average price is $35.92 and its 200 day moving average price is $36.29.

SPX Flow (NYSE:FLOW) last issued its earnings results on Tuesday, August 6th. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.09). The company had revenue of $385.40 million for the quarter, compared to analysts’ expectations of $500.94 million. SPX Flow had a net margin of 4.51% and a return on equity of 9.47%. The firm’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.54 earnings per share. On average, research analysts forecast that SPX Flow Inc will post 1.82 earnings per share for the current year.

SPX Flow Profile

SPX FLOW, Inc provides various engineered solutions worldwide. It operates in three segments: Food and Beverage, Power and Energy, and Industrial. The Food and Beverage segment offers mixing, drying, evaporation, and separation systems and components; heat exchangers, and reciprocating and centrifugal pump technologies; and turn-key systems primarily under the Anhydro, APV, Bran+Luebbe, Gerstenberg Schroeder, LIGHTNIN, Seital, and Waukesha Cherry-Burrell brands.

Further Reading: Hedge Funds – Risk or Reward?

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

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