Corient Private Wealth LLC Sells 4,985 Shares of SPX Technologies, Inc. (NYSE:SPXC)

Corient Private Wealth LLC lowered its holdings in shares of SPX Technologies, Inc. (NYSE:SPXC - Free Report) by 15.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,817 shares of the company's stock after selling 4,985 shares during the period. Corient Private Wealth LLC owned approximately 0.06% of SPX Technologies worth $3,902,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Private Advisor Group LLC increased its stake in SPX Technologies by 1.0% in the 4th quarter. Private Advisor Group LLC now owns 6,921 shares of the company's stock valued at $1,007,000 after buying an additional 68 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in SPX Technologies by 1.6% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 4,342 shares of the company's stock valued at $632,000 after purchasing an additional 68 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in shares of SPX Technologies by 5.6% in the 4th quarter. CIBC Asset Management Inc now owns 1,383 shares of the company's stock worth $201,000 after purchasing an additional 73 shares in the last quarter. Sequoia Financial Advisors LLC raised its position in SPX Technologies by 2.6% in the 4th quarter. Sequoia Financial Advisors LLC now owns 3,386 shares of the company's stock worth $493,000 after purchasing an additional 85 shares during the period. Finally, Hilltop National Bank increased its stake in shares of SPX Technologies by 19.9% in the fourth quarter. Hilltop National Bank now owns 536 shares of the company's stock worth $78,000 after buying an additional 89 shares during the period. 92.82% of the stock is currently owned by institutional investors and hedge funds.

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SPX Technologies Price Performance

Shares of SPXC stock traded down $3.33 on Wednesday, hitting $136.18. 143,632 shares of the stock traded hands, compared to its average volume of 256,270. SPX Technologies, Inc. has a 52 week low of $116.05 and a 52 week high of $183.83. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.85 and a quick ratio of 1.19. The firm has a market cap of $6.32 billion, a price-to-earnings ratio of 36.61, a PEG ratio of 1.33 and a beta of 1.26. The firm has a 50 day simple moving average of $144.18 and a two-hundred day simple moving average of $153.33.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on SPXC. Sidoti raised shares of SPX Technologies from a "neutral" rating to a "buy" rating in a research note on Wednesday, February 26th. 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 report on Tuesday, January 7th. Finally, Oppenheimer upgraded shares of SPX Technologies from a "market perform" rating to an "outperform" rating and set a $165.00 target price on the stock in a report on Wednesday, February 26th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus 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.