Flowserve Corporation (FLS): Today's Featured Industrial Winner

Flowserve Corporation ( FLS) pushed the Industrial industry higher today making it today's featured industrial winner. The industry as a whole closed the day down 0.1%. By the end of trading, Flowserve Corporation rose 60 cents (0.6%) to $110.64 on light volume. Throughout the day, 399,874 shares of Flowserve Corporation exchanged hands as compared to its average daily volume of 569,700 shares. The stock ranged in a price between $109.34-$111.53 after having opened the day at $109.95 as compared to the previous trading day's close of $110.04. Other companies within the Industrial industry that increased today were: WSI Industries ( WSCI), up 37.4%, CUI Global ( CUI), up 25.5%, Intellicheck Mobilisa ( IDN), up 10%, and A123 Systems ( AONE), up 9%.

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 $5.93 billion and is part of the industrial goods sector. The company has a P/E ratio of 14.3, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 10.8% year to date as of the close of trading on Tuesday. 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 buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, increase in stock price during the past year, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front, JinkoSolar ( JKS), down 9.3%, NF Energy Saving ( NFEC), down 6.8%, Clean Diesel Technologies ( CDTI), down 6.7%, and Omega Flex ( OFLX), down 6.5%, were all losers within the industrial industry with Caterpillar ( CAT) being today's industrial industry loser.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial industry could consider SPDR Dow Jones Industrial Average ( DIA) while those bearish on the industrial industry could consider ProShares UltraShort Industrials ( SIJ).
null

If you liked this article you might like

Flowserve Appears Poised to Head Upstream

Analysts' Actions -- Adobe, Starbucks, Snap, KB Home and More

Finding the Bullish and Bearish Reversals

Flowserve Is Headed for New Highs

Flowserve Looks Ready to Gush Higher