Martingale Asset Management L P raised its holdings in SPX Flow Inc (NYSE:FLOW) by 15.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 42,331 shares of the industrial products company’s stock after purchasing an additional 5,703 shares during the quarter. Martingale Asset Management L P’s holdings in SPX Flow were worth $1,853,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. BlackRock Inc. boosted its holdings in SPX Flow by 1.2% in the first quarter. BlackRock Inc. now owns 5,381,639 shares of the industrial products company’s stock valued at $264,723,000 after purchasing an additional 65,836 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in SPX Flow by 0.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,396,725 shares of the industrial products company’s stock valued at $68,705,000 after purchasing an additional 5,914 shares during the last quarter. Diamond Hill Capital Management Inc. boosted its holdings in SPX Flow by 2.5% in the second quarter. Diamond Hill Capital Management Inc. now owns 1,098,751 shares of the industrial products company’s stock valued at $48,092,000 after purchasing an additional 27,015 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of SPX Flow by 12.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 439,611 shares of the industrial products company’s stock worth $19,242,000 after acquiring an additional 48,615 shares during the period. Finally, Prudential Financial Inc. raised its position in shares of SPX Flow by 58.1% in the first quarter. Prudential Financial Inc. now owns 386,213 shares of the industrial products company’s stock worth $18,998,000 after acquiring an additional 141,853 shares during the period. 87.40% of the stock is currently owned by institutional investors.

Shares of SPX Flow stock opened at $48.46 on Friday. The stock has a market capitalization of $2.05 billion, a price-to-earnings ratio of 25.13, a PEG ratio of 0.49 and a beta of 1.95. SPX Flow Inc has a fifty-two week low of $32.00 and a fifty-two week high of $54.92. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.52 and a quick ratio of 1.04.

SPX Flow (NYSE:FLOW) last issued its quarterly earnings data on Wednesday, August 1st. The industrial products company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.09. The business had revenue of $531.20 million during the quarter, compared to the consensus estimate of $516.58 million. SPX Flow had a net margin of 4.01% and a return on equity of 8.55%. The company’s revenue was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.24 earnings per share. sell-side analysts predict that SPX Flow Inc will post 2.51 earnings per share for the current year.

FLOW has been the subject of a number of analyst reports. TheStreet downgraded shares of SPX Flow from a “b” rating to a “c+” rating in a research report on Monday, July 23rd. Zacks Investment Research upgraded shares of SPX Flow from a “sell” rating to a “hold” rating and set a $51.00 price objective for the company in a research report on Friday, August 3rd. Bank of America upped their price objective on shares of SPX Flow from $32.00 to $48.00 and gave the stock an “underperform” rating in a research report on Thursday, August 2nd. Wolfe Research initiated coverage on shares of SPX Flow in a research report on Wednesday, June 27th. They issued a “market perform” rating for the company. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $45.00 price objective on shares of SPX Flow in a research report on Thursday, August 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $52.57.

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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