SPX Technologies, Inc. (NYSE:SPXC) Stock Holdings Increased by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its position in shares of SPX Technologies, Inc. (NYSE:SPXC - Free Report) by 16.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 685,445 shares of the company's stock after purchasing an additional 94,893 shares during the quarter. JPMorgan Chase & Co. owned 1.48% of SPX Technologies worth $99,746,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Cerity Partners LLC raised its position in SPX Technologies by 43.5% in the third quarter. Cerity Partners LLC now owns 3,434 shares of the company's stock worth $548,000 after acquiring an additional 1,041 shares in the last quarter. Glenmede Trust Co. NA grew its stake in shares of SPX Technologies by 35.0% in the 3rd quarter. Glenmede Trust Co. NA now owns 4,630 shares of the company's stock worth $738,000 after purchasing an additional 1,200 shares during the last quarter. Captrust Financial Advisors raised its holdings in shares of SPX Technologies by 3.8% in the 3rd quarter. Captrust Financial Advisors now owns 8,030 shares of the company's stock worth $1,280,000 after purchasing an additional 292 shares in the last quarter. Verition Fund Management LLC bought a new stake in shares of SPX Technologies in the 3rd quarter worth approximately $481,000. Finally, Centiva Capital LP acquired a new stake in SPX Technologies during the third quarter valued at approximately $361,000. Institutional investors own 92.82% of the company's stock.

Analysts Set New Price Targets

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

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SPX Technologies Trading Down 0.7 %

NYSE SPXC traded down $0.82 on Monday, hitting $121.52. 557,131 shares of the stock were exchanged, compared to its average volume of 275,366. The company's 50-day moving average price is $140.51 and its two-hundred day moving average price is $152.00. 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 52-week low of $115.00 and a 52-week high of $183.83. The company has a market capitalization of $5.64 billion, a price-to-earnings ratio of 32.67, a P/E/G ratio of 1.33 and a beta of 1.22.

SPX Technologies 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.