LPL Financial LLC Grows Position in SPX Technologies, Inc. (NYSE:SPXC)

LPL Financial LLC boosted its holdings in SPX Technologies, Inc. (NYSE:SPXC - Free Report) by 24.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,924 shares of the company's stock after acquiring an additional 2,526 shares during the quarter. LPL Financial LLC's holdings in SPX Technologies were worth $1,881,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Fox Run Management L.L.C. purchased a new position in shares of SPX Technologies during the fourth quarter valued at approximately $990,000. KLP Kapitalforvaltning AS purchased a new position in shares of SPX Technologies in the 4th quarter worth $1,368,000. Xponance Inc. increased its position in SPX Technologies by 12.0% during the fourth quarter. Xponance Inc. now owns 3,309 shares of the company's stock valued at $482,000 after acquiring an additional 355 shares during the last quarter. Signaturefd LLC lifted its holdings in SPX Technologies by 15.9% in the fourth quarter. Signaturefd LLC now owns 628 shares of the company's stock valued at $91,000 after acquiring an additional 86 shares during the period. Finally, Cibc World Markets Corp bought a new stake in shares of SPX Technologies during the 4th quarter valued at about $613,000. Institutional investors own 92.82% of the company's stock.

SPX Technologies Price Performance

Shares of SPX Technologies stock traded up $0.25 during trading hours on Friday, hitting $128.21. The company's stock had a trading volume of 347,397 shares, compared to its average volume of 279,071. The business has a 50 day moving average price of $136.02 and a two-hundred day moving average price of $149.69. The company has a market cap of $6.00 billion, a PE ratio of 34.46, a PEG ratio of 1.33 and a beta of 1.22. SPX Technologies, Inc. has a 12-month low of $115.00 and a 12-month high of $183.83. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.19 and a current ratio of 1.85.

Analyst Ratings Changes

SPXC has been the subject of a number of research reports. Sidoti raised shares of 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 upgraded SPX Technologies from a "market perform" rating to an "outperform" rating and set a $165.00 price target for the company in a research 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. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price 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.