PFG Advisors Invests $280,000 in SPX Technologies, Inc. (NYSE:SPXC)

PFG Advisors purchased a new stake in shares of SPX Technologies, Inc. (NYSE:SPXC - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,924 shares of the company's stock, valued at approximately $280,000.

Other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp raised its stake in shares of SPX Technologies by 1.3% in the third quarter. State Street Corp now owns 1,729,989 shares of the company's stock worth $275,864,000 after acquiring an additional 22,177 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of SPX Technologies by 0.9% in the third quarter. Geode Capital Management LLC now owns 1,033,825 shares of the company's stock worth $164,888,000 after acquiring an additional 8,916 shares during the last quarter. Conestoga Capital Advisors LLC raised its stake in shares of SPX Technologies by 25.6% in the fourth 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 last quarter. Janus Henderson Group PLC raised its stake in shares of SPX Technologies by 45.3% in the third quarter. Janus Henderson Group PLC now owns 696,713 shares of the company's stock worth $111,100,000 after acquiring an additional 217,316 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of SPX Technologies by 0.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 625,361 shares of the company's stock worth $91,003,000 after acquiring an additional 1,956 shares during the last quarter. 92.82% of the stock is owned by institutional investors.

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SPX Technologies Stock Down 1.7 %

SPX Technologies stock traded down $2.24 during mid-day trading on Tuesday, reaching $133.18. The company's stock had a trading volume of 20,952 shares, compared to its average volume of 303,589. The company has a market capitalization of $6.18 billion, a price-to-earnings ratio of 35.80, a price-to-earnings-growth ratio of 1.33 and a beta of 1.26. SPX Technologies, Inc. has a 12 month low of $116.05 and a 12 month high of $183.83. The business's 50 day simple moving average is $144.80 and its 200 day simple moving average is $153.95. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.19 and a current ratio of 1.85.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SPXC. Sidoti raised shares of SPX Technologies from a "neutral" rating to a "buy" rating in a research note on Wednesday, February 26th. Oppenheimer raised shares of 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. UBS Group dropped their price target on shares of SPX Technologies from $164.00 to $160.00 and set a "neutral" rating for the company in a research note on Tuesday, January 7th. Finally, Wolfe Research began coverage on shares of SPX Technologies in a research note on Monday, November 25th. They set an "outperform" rating and a $199.00 price target for the company. Two investment 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 stock has an average rating of "Moderate Buy" and a consensus price target of $174.75.

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.