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This morning’s PPI report (.pdf) showed that the frantic price increases for industrial valves have cooled a bit. Still, price gains are well above the long-term average and the general trend still seems to be rising.

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valves

According to Alexander’s Gas & Oil Connections:

The market leader positions in the industry changed considerably with the acquisition of Invensys Flow Control by Flowserve (FLS). The combination is now the second largest supplier with a 4% market share. This compares to a 6 % share for the leader Tyco (TYC). Emerson (EMR) with 3 % is in the third position. The industry is very splintered with more than 1,000 companies carving out niches.

Moog (MOG.A) and Curtiss-Wright (CW) are others that come to mind as possible beneficiaries.

Source: Industrial Valve Prices Continues To Bode Well For Producer Stocks