Raymond James Financial Inc. purchased a new stake in SPX Technologies, Inc. (NYSE:SPXC - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 222,217 shares of the company's stock, valued at approximately $32,337,000. Raymond James Financial Inc. owned about 0.48% of SPX Technologies as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Private Advisor Group LLC boosted its holdings in 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 last quarter. CIBC Asset Management Inc boosted its holdings in SPX Technologies by 5.6% in the fourth quarter. CIBC Asset Management Inc now owns 1,383 shares of the company's stock valued at $201,000 after purchasing an additional 73 shares during the last quarter. Assetmark Inc. lifted its holdings in SPX Technologies by 4.7% during the 3rd quarter. Assetmark Inc. now owns 1,745 shares of the company's stock worth $278,000 after buying an additional 78 shares during the last quarter. Hilltop National Bank lifted its holdings in shares of SPX Technologies by 19.9% in the 4th quarter. Hilltop National Bank now owns 536 shares of the company's stock worth $78,000 after purchasing an additional 89 shares during the last quarter. Finally, Allworth Financial LP lifted its holdings in shares of SPX Technologies by 123.3% in the 4th quarter. Allworth Financial LP now owns 163 shares of the company's stock worth $25,000 after purchasing an additional 90 shares during the last quarter. Hedge funds and other institutional investors own 92.82% of the company's stock.
SPX Technologies Stock Performance
Shares of SPX Technologies stock traded up $3.02 during trading on Friday, reaching $134.44. The company's stock had a trading volume of 197,753 shares, compared to its average volume of 254,529. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.19 and a current ratio of 1.85. The business's fifty day moving average price is $145.06 and its 200-day moving average price is $154.12. The firm has a market cap of $6.24 billion, a price-to-earnings ratio of 36.14, a price-to-earnings-growth ratio of 1.33 and a beta of 1.26. SPX Technologies, Inc. has a one year low of $116.05 and a one year high of $183.83.
Analysts Set New Price Targets
Several research firms recently commented on SPXC. UBS Group lowered their target price 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 raised SPX Technologies from a "neutral" rating to a "buy" rating in a research report on Wednesday, February 26th. Oppenheimer raised SPX Technologies from a "market perform" rating to an "outperform" rating and set a $165.00 price objective for the company in a research report on Wednesday, February 26th. Finally, Wolfe Research initiated coverage on SPX Technologies in a report on Monday, November 25th. They set an "outperform" rating and a $199.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $174.75.
Check Out Our Latest Stock Report on SPXC
SPX Technologies Profile
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Free Report)
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.
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