Segall Bryant & Hamill LLC Has $6.88 Million Stock Position in SPX Technologies, Inc. (NYSE:SPXC)

Segall Bryant & Hamill LLC lowered its stake in shares of SPX Technologies, Inc. (NYSE:SPXC - Free Report) by 83.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 47,296 shares of the company's stock after selling 242,186 shares during the period. Segall Bryant & Hamill LLC owned 0.10% of SPX Technologies worth $6,883,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in SPX Technologies by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 5,031,289 shares of the company's stock valued at $732,153,000 after buying an additional 89,770 shares during the period. LPL Financial LLC increased its holdings in shares of SPX Technologies by 24.3% during the 4th quarter. LPL Financial LLC now owns 12,924 shares of the company's stock worth $1,881,000 after acquiring an additional 2,526 shares during the last quarter. Fox Run Management L.L.C. bought a new stake in SPX Technologies in the 4th quarter valued at $990,000. KLP Kapitalforvaltning AS acquired a new stake in SPX Technologies during the 4th quarter valued at $1,368,000. Finally, Xponance Inc. boosted its position in SPX Technologies by 12.0% during the fourth quarter. Xponance Inc. now owns 3,309 shares of the company's stock worth $482,000 after purchasing an additional 355 shares during the period. Institutional investors own 92.82% of the company's stock.

SPX Technologies Price Performance

Shares of NYSE SPXC traded down $0.60 during mid-day trading on Monday, reaching $128.83. The company had a trading volume of 321,810 shares, compared to its average volume of 271,594. The firm has a market cap of $5.98 billion, a price-to-earnings ratio of 34.63, a PEG ratio of 1.33 and a beta of 1.26. The business's 50-day simple moving average is $142.86 and its 200 day simple moving average is $152.98. SPX Technologies, Inc. has a one year low of $116.05 and a one year 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.

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Analyst Ratings Changes

A number of brokerages have commented on SPXC. UBS Group decreased their price objective on SPX Technologies from $164.00 to $160.00 and set a "neutral" rating on the stock in a report on Tuesday, January 7th. Oppenheimer upgraded shares of SPX Technologies from a "market perform" rating to an "outperform" rating and set a $165.00 price target on the stock in a research note on Wednesday, February 26th. Finally, Sidoti upgraded shares of SPX Technologies from a "neutral" rating to a "buy" rating in a research note on Wednesday, February 26th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price 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.