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

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Flowserve Corporation ( FLS) pushed the Industrial industry lower today making it today's featured Industrial laggard. The industry as a whole closed the day up 0.2%. By the end of trading, Flowserve Corporation fell $1.70 (-1.1%) to $152.77 on average volume. Throughout the day, 484,726 shares of Flowserve Corporation exchanged hands as compared to its average daily volume of 463,300 shares. The stock ranged in price between $152.51-$155.13 after having opened the day at $155.13 as compared to the previous trading day's close of $154.47. Other companies within the Industrial industry that declined today were: 3D Systems Corporation ( DDD), down 13.9%, Edwards Group ( EVAC), down 11.5%, Stratasys ( SSYS), down 9.9%, and ZBB Energy Corporation ( ZBB), down 5.7%.
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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 $7.72 billion and is part of the industrial goods sector. The company has a P/E ratio of 19.4, above the S&P 500 P/E ratio of 17.7. Shares are up 5.2% year to date as of the close of trading on Friday. Currently there are 10 analysts that rate Flowserve Corporation a buy, no analysts rate it a sell, and three 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, solid stock price performance, growth in earnings per share, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

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).

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