Northern Trust Corp Has $3.53 Million Stock Holdings in Omega Flex, Inc. (NASDAQ:OFLX)

Northern Trust Corp grew its holdings in Omega Flex, Inc. (NASDAQ:OFLX) by 1.6% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 45,913 shares of the industrial products company’s stock after buying an additional 745 shares during the quarter. Northern Trust Corp’s holdings in Omega Flex were worth $3,527,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Metropolitan Life Insurance Co NY acquired a new stake in shares of Omega Flex in the first quarter valued at $78,000. Advisor Group Inc. increased its stake in shares of Omega Flex by 17.7% in the second quarter. Advisor Group Inc. now owns 1,418 shares of the industrial products company’s stock valued at $108,000 after buying an additional 213 shares in the last quarter. MetLife Investment Advisors LLC acquired a new stake in shares of Omega Flex in the first quarter valued at $109,000. Conestoga Capital Advisors LLC increased its stake in shares of Omega Flex by 4.0% in the second quarter. Conestoga Capital Advisors LLC now owns 4,195 shares of the industrial products company’s stock valued at $322,000 after buying an additional 160 shares in the last quarter. Finally, Swiss National Bank increased its stake in shares of Omega Flex by 3.6% in the second quarter. Swiss National Bank now owns 5,700 shares of the industrial products company’s stock valued at $438,000 after buying an additional 200 shares in the last quarter. Institutional investors own 26.70% of the company’s stock.

Shares of OFLX stock opened at $94.62 on Friday. The stock has a 50-day moving average price of $92.94 and a 200 day moving average price of $83.83. The company has a quick ratio of 3.94, a current ratio of 4.52 and a debt-to-equity ratio of 0.01. The firm has a market cap of $965.22 million, a price-to-earnings ratio of 49.54 and a beta of 0.87. Omega Flex, Inc. has a 12 month low of $51.02 and a 12 month high of $102.65.

Omega Flex (NASDAQ:OFLX) last announced its quarterly earnings data on Thursday, July 18th. The industrial products company reported $0.39 EPS for the quarter. The firm had revenue of $26.81 million during the quarter. Omega Flex had a return on equity of 29.03% and a net margin of 17.84%.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 2nd. Investors of record on Friday, September 20th were given a $0.28 dividend. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $1.12 dividend on an annualized basis and a yield of 1.18%.

Separately, BidaskClub upgraded Omega Flex from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 14th.

About Omega Flex

Omega Flex, Inc, together with its subsidiaries, manufactures and sells flexible metal hoses and accessories in the United States and internationally. It offers flexible gas piping for use in residential and commercial buildings, as well as its fittings; and corrugated medical tubing for use in hospitals, ambulatory care centers, dental, physician and veterinary clinics, laboratories, and other facilities.

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Institutional Ownership by Quarter for Omega Flex (NASDAQ:OFLX)

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