Mengis Capital Management Inc. bought a new stake in SPX Flow Inc (NYSE:FLOW) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 25,000 shares of the industrial products company’s stock, valued at approximately $1,046,000. Mengis Capital Management Inc. owned about 0.06% of SPX Flow as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in FLOW. Bank of New York Mellon Corp grew its position in shares of SPX Flow by 5.8% in the fourth quarter. Bank of New York Mellon Corp now owns 535,026 shares of the industrial products company’s stock valued at $16,275,000 after purchasing an additional 29,196 shares during the last quarter. Geode Capital Management LLC boosted its position in SPX Flow by 8.3% during the fourth quarter. Geode Capital Management LLC now owns 449,630 shares of the industrial products company’s stock worth $13,677,000 after acquiring an additional 34,436 shares during the last quarter. Two Sigma Advisers LP boosted its position in SPX Flow by 11.5% during the fourth quarter. Two Sigma Advisers LP now owns 76,300 shares of the industrial products company’s stock worth $2,321,000 after acquiring an additional 7,859 shares during the last quarter. Squarepoint Ops LLC acquired a new stake in SPX Flow during the fourth quarter worth approximately $442,000. Finally, Metropolitan Life Insurance Co. NY boosted its position in SPX Flow by 380.8% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 13,906 shares of the industrial products company’s stock worth $423,000 after acquiring an additional 11,014 shares during the last quarter. 88.17% of the stock is owned by institutional investors and hedge funds.

NYSE:FLOW opened at $38.94 on Tuesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.05 and a current ratio of 1.53. The stock has a market capitalization of $1.74 billion, a P/E ratio of 16.78, a P/E/G ratio of 1.77 and a beta of 2.04. SPX Flow Inc has a fifty-two week low of $27.23 and a fifty-two week high of $54.13. The stock’s 50 day moving average is $39.25.

SPX Flow (NYSE:FLOW) last posted its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $0.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.05. The company had revenue of $491.10 million for the quarter, compared to the consensus estimate of $482.11 million. SPX Flow had a net margin of 2.30% and a return on equity of 10.42%. SPX Flow’s revenue was up .2% on a year-over-year basis. During the same quarter last year, the firm posted $0.36 earnings per share. As a group, research analysts anticipate that SPX Flow Inc will post 2.51 earnings per share for the current year.

A number of brokerages recently issued reports on FLOW. ValuEngine lowered shares of Zosano Pharma from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Zacks Investment Research lowered shares of Phoenix New Media from a “hold” rating to a “sell” rating in a research report on Tuesday, July 23rd. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $41.83.

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.

Recommended Story: Options Trading

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

Receive News & Ratings for SPX Flow Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPX Flow and related companies with MarketBeat.com's FREE daily email newsletter.