) pushed the Industrial industry higher today making it today's featured industrial winner. The industry as a whole closed the day down 0.6%. By the end of trading, Flowserve Corporation rose $4.18 (3.6%) to $119.98 on heavy volume. Throughout the day, 1.2 million shares of Flowserve Corporation exchanged hands as compared to its average daily volume of 627,800 shares. The stock ranged in a price between $116.74-$122.45 after having opened the day at $118.10 as compared to the previous trading day's close of $115.80. Other companies within the Industrial industry that increased today were:
), up 9.1%,
), up 7.9%,
), up 6%, and
), up 6%.
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Flowserve Corporation engages in the design, manufacture, distribution, and service of industrial flow management equipment. The company operates in three segments: FSG Engineered Product, FSG Industrial Product, and Flow Control. Flowserve Corporation has a market cap of $6.35 billion and is part of the
sector. The company has a P/E ratio of 15.3, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 16.6% year to date as of the close of trading on Monday. Currently there are 10 analysts that rate Flowserve Corporation a buy, no analysts rate it a sell, and none rate it a hold.
TheStreet Ratings rates Flowserve Corporation as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full Flowserve Ratings Report.
On the negative front,
), down 16.8%,
), down 9.4%,
), down 9.1%, and
), down 9.1%, were all laggards within the industrial industry with
) being today's industrial industry laggard.
- Use our industrial section to find industry-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 industry could consider
) while those bearish on the industrial industry could consider
- Find other investment ideas from our top rated ETFs lists.