6,803 Shares in SPX Technologies, Inc. (NYSE:SPXC) Purchased by Fox Run Management L.L.C.

Fox Run Management L.L.C. acquired a new stake in SPX Technologies, Inc. (NYSE:SPXC - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 6,803 shares of the company's stock, valued at approximately $990,000.

A number of other institutional investors also recently modified their holdings of the stock. JPMorgan Chase & Co. lifted its position in SPX Technologies by 666.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 590,552 shares of the company's stock valued at $94,169,000 after purchasing an additional 513,526 shares during the period. Raymond James Financial Inc. acquired a new position in SPX Technologies in the fourth quarter valued at approximately $32,337,000. Janus Henderson Group PLC boosted its stake in SPX Technologies by 45.3% in the third quarter. Janus Henderson Group PLC now owns 696,713 shares of the company's stock valued at $111,100,000 after acquiring an additional 217,316 shares during the last quarter. Conestoga Capital Advisors LLC grew its holdings in SPX Technologies by 25.6% during the 4th quarter. Conestoga Capital Advisors LLC now owns 787,795 shares of the company's stock worth $114,640,000 after acquiring an additional 160,535 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of SPX Technologies by 29.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 623,405 shares of the company's stock valued at $99,408,000 after acquiring an additional 142,544 shares during the last quarter. 92.82% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on SPXC shares. UBS Group reduced their price target on SPX Technologies from $164.00 to $160.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 7th. Sidoti upgraded SPX Technologies from a "neutral" rating to a "buy" rating in a report on Wednesday, February 26th. Oppenheimer raised SPX Technologies from a "market perform" rating to an "outperform" rating and set a $165.00 price target for the company in a research note on Wednesday, February 26th. Finally, Wolfe Research assumed coverage on shares of SPX Technologies in a research note on Monday, November 25th. They set an "outperform" rating and a $199.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $174.75.

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SPX Technologies Stock Up 0.1 %

Shares of NYSE SPXC traded up $0.10 during mid-day trading on Tuesday, reaching $139.43. 162,908 shares of the company's stock were exchanged, compared to its average volume of 257,011. The company has a current ratio of 1.85, a quick ratio of 1.19 and a debt-to-equity ratio of 0.49. The business has a fifty day simple moving average of $144.29 and a 200 day simple moving average of $153.34. SPX Technologies, Inc. has a twelve month low of $116.05 and a twelve month high of $183.83. The firm has a market capitalization of $6.47 billion, a price-to-earnings ratio of 37.48, a PEG ratio of 1.33 and a beta of 1.26.

SPX Technologies Company Profile

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.