SPX Flow Inc (FLOW) Shares Sold by Public Employees Retirement System of Ohio
Public Employees Retirement System of Ohio cut its stake in SPX Flow Inc (NYSE:FLOW) by 4.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 64,707 shares of the industrial products company’s stock after selling 2,934 shares during the period. Public Employees Retirement System of Ohio owned 0.15% of SPX Flow worth $2,495,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Stifel Financial Corp raised its stake in shares of SPX Flow by 69.5% in the third quarter. Stifel Financial Corp now owns 35,770 shares of the industrial products company’s stock worth $1,379,000 after acquiring an additional 14,662 shares during the last quarter. GSA Capital Partners LLP raised its stake in shares of SPX Flow by 21.5% during the third quarter. GSA Capital Partners LLP now owns 72,562 shares of the industrial products company’s stock worth $2,798,000 after buying an additional 12,818 shares during the last quarter. Finally, Spitfire Capital LLC raised its stake in shares of SPX Flow by 3.5% during the third quarter. Spitfire Capital LLC now owns 263,984 shares of the industrial products company’s stock worth $10,179,000 after buying an additional 8,884 shares during the last quarter. 85.80% of the stock is owned by institutional investors.
In other SPX Flow news, insider David Adam Kowalski sold 24,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $41.94, for a total value of $1,006,560.00. Following the completion of the sale, the insider now owns 118,033 shares of the company’s stock, valued at $4,950,304.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Kevin Eamigh sold 6,944 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $45.67, for a total transaction of $317,132.48. Following the completion of the sale, the vice president now directly owns 43,013 shares of the company’s stock, valued at approximately $1,964,403.71. The disclosure for this sale can be found here. Insiders own 3.00% of the company’s stock.
A number of research firms recently weighed in on FLOW. Wolfe Research downgraded shares of SPX Flow from a “market perform” rating to an “underperform” rating in a research note on Monday, November 20th. Seaport Global Securities reissued a “buy” rating on shares of SPX Flow in a research note on Wednesday, November 1st. Finally, Stifel Nicolaus boosted their price target on shares of SPX Flow from $47.00 to $49.00 and gave the stock a “buy” rating in a research note on Monday, October 2nd. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $38.00.
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SPX Flow Profile
SPX FLOW, Inc is a global supplier of engineered solutions. As of December 31, 2016, the Company had operations in over 30 countries and sales in over 150 countries around the world. The Company operates in three business segments: Food and Beverage, Power and Energy, and Industrial. Its product portfolio of pumps, valves, mixers, filters, air dryers, hydraulic tools, homogenizers, separators and heat exchangers, along with the related aftermarket parts and services, supports global industries, including food and beverage, oil and gas, power generation, chemical processing, compressed air and mining.
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