Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
) pushed the Industrial Goods sector higher today making it today's featured industrial goods winner. The sector as a whole was unchanged today. By the end of trading, Flowserve Corporation rose $0.84 (1.2%) to $71.84 on average volume. Throughout the day, 1,014,667 shares of Flowserve Corporation exchanged hands as compared to its average daily volume of 1,070,600 shares. The stock ranged in a price between $71.26-$73.04 after having opened the day at $71.84 as compared to the previous trading day's close of $71.00. Other companies within the Industrial Goods sector that increased today were:
), up 16.0%,
), up 14.0%,
), up 9.9% and
), up 7.6%.
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Flowserve Corporation engages in the design, manufacture, distribution, and service of industrial flow management equipment. Flowserve Corporation has a market cap of $9.9 billion and is part of the industrial industry. The company has a P/E ratio of 21.2, above the S&P 500 P/E ratio of 17.7. Shares are up 45.1% year to date as of the close of trading on Friday. Currently there are 8 analysts that rate Flowserve Corporation a buy, no analysts rate it a sell, and 5 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, increase in net income and notable return on equity. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.
- You can view the full Flowserve Corporation Ratings Report.
On the negative front,
), down 9.7%,
), down 5.5%,
), down 5.0% and
), down 4.4% , were all laggards within the industrial goods sector with
) being today's industrial goods sector laggard.
- Use our industrial goods section to find sector-relevant news.
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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial goods sector could consider
) while those bearish on the industrial goods sector could consider
- Find other investment ideas from our top rated ETFs lists.