Cerity Partners LLC Raises Stock Position in SPX Technologies, Inc. (NYSE:SPXC)

Cerity Partners LLC grew its stake in SPX Technologies, Inc. (NYSE:SPXC - Free Report) by 1,820.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,939 shares of the company's stock after buying an additional 62,505 shares during the quarter. Cerity Partners LLC owned approximately 0.14% of SPX Technologies worth $9,615,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Private Advisor Group LLC grew its holdings in shares of SPX Technologies by 1.0% in the fourth quarter. Private Advisor Group LLC now owns 6,921 shares of the company's stock valued at $1,007,000 after purchasing an additional 68 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in shares of SPX Technologies by 1.6% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 4,342 shares of the company's stock worth $632,000 after buying an additional 68 shares during the last quarter. CIBC Asset Management Inc raised its position in shares of SPX Technologies by 5.6% during the 4th quarter. CIBC Asset Management Inc now owns 1,383 shares of the company's stock valued at $201,000 after buying an additional 73 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in SPX Technologies by 2.6% in the fourth quarter. Sequoia Financial Advisors LLC now owns 3,386 shares of the company's stock worth $493,000 after acquiring an additional 85 shares in the last quarter. Finally, Signaturefd LLC grew its position in SPX Technologies by 15.9% in the fourth quarter. Signaturefd LLC now owns 628 shares of the company's stock worth $91,000 after acquiring an additional 86 shares in the last quarter. Institutional investors own 92.82% of the company's stock.

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SPX Technologies Trading Down 0.1 %

SPXC stock traded down $0.11 during mid-day trading on Tuesday, reaching $130.85. The company had a trading volume of 76,808 shares, compared to its average volume of 277,370. The firm has a 50 day moving average of $137.93 and a 200 day moving average of $150.53. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.85 and a quick ratio of 1.19. SPX Technologies, Inc. has a 12 month low of $115.00 and a 12 month high of $183.83. The company has a market capitalization of $6.12 billion, a PE ratio of 35.16, a price-to-earnings-growth ratio of 1.33 and a beta of 1.22.

Analyst Ratings Changes

Several research firms recently weighed in on SPXC. Oppenheimer upgraded SPX Technologies from a "market perform" rating to an "outperform" rating and set a $165.00 price target on the stock in a report on Wednesday, February 26th. Sidoti raised shares of SPX Technologies from a "neutral" rating to a "buy" rating in a research note on Wednesday, February 26th. Finally, UBS Group decreased their price objective on shares of SPX Technologies from $164.00 to $160.00 and set a "neutral" rating for the company in a research note on Tuesday, January 7th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $174.75.

About SPX Technologies

SPX Technologies, Inc supplies infrastructure equipment serving the heating, ventilation, and cooling (HVAC); and detection and measurement markets worldwide. The company operates in two segments, HVAC and Detection and Measurement. The HVAC segment engineers, designs, manufactures, installs, and services package and process cooling products and engineered air movement solutions for the HVAC industrial and power generation markets, as well as boilers, heating, and ventilation products for the residential and commercial markets.