SPX Flow Inc (FLOW) Position Trimmed by California State Teachers Retirement System

California State Teachers Retirement System lowered its stake in SPX Flow Inc (NYSE:FLOW) by 9.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 66,306 shares of the industrial products company’s stock after selling 7,116 shares during the period. California State Teachers Retirement System’s holdings in SPX Flow were worth $2,557,000 at the end of the most recent reporting period.

Separately, Stifel Financial Corp boosted its holdings in SPX Flow by 69.5% in the third quarter. Stifel Financial Corp now owns 35,770 shares of the industrial products company’s stock valued at $1,379,000 after acquiring an additional 14,662 shares in the last quarter. 85.80% of the stock is owned by hedge funds and other institutional investors.

In other news, VP Kevin Eamigh sold 6,944 shares of the business’s stock in a transaction 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 sale, the vice president now owns 43,013 shares in the company, valued at approximately $1,964,403.71. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider David Adam Kowalski sold 24,000 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $41.94, for a total transaction of $1,006,560.00. Following the sale, the insider now owns 118,033 shares in the company, valued at approximately $4,950,304.02. The disclosure for this sale can be found here. Insiders own 3.00% of the company’s stock.

FLOW has been the topic of several recent analyst reports. Seaport Global Securities reiterated a “buy” rating on shares of SPX Flow in a report on Wednesday, November 1st. Stifel Nicolaus lifted their price target on shares of SPX Flow from $47.00 to $49.00 and gave the company a “buy” rating in a report on Monday, October 2nd. Finally, Wolfe Research cut shares of SPX Flow from a “market perform” rating to an “underperform” rating in a report on Monday, November 20th. Three research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. SPX Flow presently has a consensus rating of “Hold” and an average target price of $38.00.

Shares of SPX Flow Inc (FLOW) opened at $48.37 on Friday. SPX Flow Inc has a fifty-two week low of $31.06 and a fifty-two week high of $48.75. The company has a market cap of $2,050.00 and a price-to-earnings ratio of 91.26. The company has a current ratio of 1.67, a quick ratio of 1.19 and a debt-to-equity ratio of 1.06.

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

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