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Brokerages Set SPX Technologies, Inc. (NYSE:SPXC) PT at $174.75

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Shares of SPX Technologies, Inc. (NYSE:SPXC - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the five research firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $174.75.

A number of analysts recently issued reports on the company. Sidoti raised SPX Technologies from a "neutral" rating to a "buy" rating in a research report on Wednesday, February 26th. UBS Group cut their price objective on SPX Technologies from $164.00 to $160.00 and set a "neutral" rating for the company in a research report on Tuesday, January 7th. Wolfe Research began coverage on SPX Technologies in a report on Monday, November 25th. They set an "outperform" rating and a $199.00 target price for the company. Finally, Oppenheimer upgraded SPX Technologies from a "market perform" rating to an "outperform" rating and set a $165.00 target price for the company in a report on Wednesday, February 26th.

Check Out Our Latest Research Report on SPX Technologies

SPX Technologies Trading Down 1.1 %

Shares of NYSE:SPXC traded down $1.48 during midday trading on Friday, reaching $133.94. 344,010 shares of the company's stock were exchanged, compared to its average volume of 255,033. The firm's 50 day simple moving average is $144.64 and its two-hundred day simple moving average is $153.75. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.85 and a quick ratio of 1.19. The stock has a market cap of $6.21 billion, a price-to-earnings ratio of 36.01, a P/E/G ratio of 1.33 and a beta of 1.26. SPX Technologies has a fifty-two week low of $116.05 and a fifty-two week high of $183.83.

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Hedge Funds Weigh In On SPX Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Allworth Financial LP boosted its stake in shares of SPX Technologies by 123.3% in the 4th quarter. Allworth Financial LP now owns 163 shares of the company's stock valued at $25,000 after buying an additional 90 shares during the period. Empowered Funds LLC purchased a new position in shares of SPX Technologies in the 4th quarter valued at about $27,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of SPX Technologies by 377.5% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 191 shares of the company's stock valued at $29,000 after buying an additional 151 shares during the period. Skandinaviska Enskilda Banken AB publ boosted its stake in shares of SPX Technologies by 2,055.6% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 194 shares of the company's stock valued at $28,000 after buying an additional 185 shares during the period. Finally, Covestor Ltd boosted its stake in shares of SPX Technologies by 313.8% in the 4th quarter. Covestor Ltd now owns 389 shares of the company's stock valued at $57,000 after buying an additional 295 shares during the period. Hedge funds and other institutional investors own 92.82% of the company's stock.

About SPX Technologies

(Get 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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Analyst Recommendations for SPX Technologies (NYSE:SPXC)

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