Blair William & Co. IL Boosts Stock Holdings in SPX Technologies, Inc. (NYSE:SPXC)

Blair William & Co. IL increased its holdings in shares of SPX Technologies, Inc. (NYSE:SPXC - Free Report) by 10.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 126,157 shares of the company's stock after buying an additional 12,048 shares during the quarter. Blair William & Co. IL owned 0.27% of SPX Technologies worth $18,358,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of SPX Technologies by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 5,031,289 shares of the company's stock worth $732,153,000 after purchasing an additional 89,770 shares during the period. State Street Corp boosted its holdings in shares of SPX Technologies by 1.3% in the 3rd quarter. State Street Corp now owns 1,729,989 shares of the company's stock valued at $275,864,000 after acquiring an additional 22,177 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of SPX Technologies by 0.9% during the third quarter. Geode Capital Management LLC now owns 1,033,825 shares of the company's stock worth $164,888,000 after purchasing an additional 8,916 shares during the last quarter. Conestoga Capital Advisors LLC boosted its holdings in SPX Technologies by 25.6% in the fourth quarter. Conestoga Capital Advisors LLC now owns 787,795 shares of the company's stock valued at $114,640,000 after purchasing an additional 160,535 shares during the last quarter. Finally, Janus Henderson Group PLC grew its position in SPX Technologies by 45.3% during the 3rd quarter. Janus Henderson Group PLC now owns 696,713 shares of the company's stock worth $111,100,000 after purchasing an additional 217,316 shares during the period. 92.82% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

Several brokerages have recently issued reports on SPXC. UBS Group decreased their price objective on SPX Technologies from $164.00 to $160.00 and set a "neutral" rating for the company in a report on Tuesday, January 7th. Oppenheimer upgraded SPX Technologies from a "market perform" rating to an "outperform" rating and set a $165.00 price objective on the stock in a research report on Wednesday, February 26th. Finally, Sidoti raised shares of SPX Technologies from a "neutral" rating to a "buy" rating in a report on Wednesday, February 26th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, SPX Technologies has an average rating of "Moderate Buy" and a consensus price target of $174.75.

SPX Technologies Price Performance

SPXC stock traded up $2.51 during mid-day trading on Wednesday, reaching $135.01. 93,527 shares of the company's stock were exchanged, compared to its average volume of 271,684. The company has a market cap of $6.26 billion, a price-to-earnings ratio of 36.32, 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 stock's 50 day moving average is $142.44 and its 200 day moving average is $152.85. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.85 and a quick ratio of 1.19.

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.