Kennedy Capital Management LLC Has $2.89 Million Holdings in SPX Technologies, Inc. (NYSE:SPXC)

Kennedy Capital Management LLC trimmed its position in SPX Technologies, Inc. (NYSE:SPXC - Free Report) by 34.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 19,855 shares of the company's stock after selling 10,245 shares during the quarter. Kennedy Capital Management LLC's holdings in SPX Technologies were worth $2,889,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of SPXC. Private Advisor Group LLC raised its position 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 during the period. Envestnet Portfolio Solutions Inc. lifted its position in SPX Technologies by 1.6% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 4,342 shares of the company's stock worth $632,000 after acquiring an additional 68 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in shares of SPX Technologies by 5.6% during the fourth quarter. CIBC Asset Management Inc now owns 1,383 shares of the company's stock worth $201,000 after acquiring an additional 73 shares during the period. Bank of Montreal Can increased its stake in shares of SPX Technologies by 1.3% during the fourth quarter. Bank of Montreal Can now owns 6,316 shares of the company's stock worth $919,000 after purchasing an additional 78 shares during the period. Finally, Sequoia Financial Advisors LLC lifted its holdings in SPX Technologies by 2.6% during 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 last quarter. 92.82% of the stock is currently owned by institutional investors and hedge funds.

SPX Technologies Price Performance

SPXC traded up $0.25 on Friday, hitting $128.21. 347,397 shares of the stock were exchanged, compared to its average volume of 279,303. The firm has a market capitalization of $6.00 billion, a price-to-earnings ratio of 34.46, a PEG ratio of 1.33 and a beta of 1.22. 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 business has a 50-day moving average of $136.02 and a two-hundred day moving average of $149.82.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on SPXC shares. UBS Group dropped their target price on SPX Technologies from $164.00 to $160.00 and set a "neutral" rating for the company in a report on Tuesday, January 7th. Sidoti upgraded shares of SPX Technologies from a "neutral" rating to a "buy" rating in a research note on Wednesday, February 26th. 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 research report on Wednesday, February 26th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $174.75.

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.