State Street Corp Has $275.86 Million Stock Position in SPX Technologies, Inc. (NYSE:SPXC)

State Street Corp grew its position in SPX Technologies, Inc. (NYSE:SPXC - Free Report) by 1.3% in the third quarter, according to its most recent filing with the SEC. The fund owned 1,729,989 shares of the company's stock after acquiring an additional 22,177 shares during the period. State Street Corp owned 3.73% of SPX Technologies worth $275,864,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Earnest Partners LLC increased its position in SPX Technologies by 3.3% in the 2nd quarter. Earnest Partners LLC now owns 1,066,426 shares of the company's stock valued at $151,582,000 after acquiring an additional 33,675 shares during the period. Janus Henderson Group PLC grew its position in shares of SPX Technologies by 45.3% in the 3rd quarter. Janus Henderson Group PLC now owns 696,713 shares of the company's stock valued at $111,100,000 after buying an additional 217,316 shares during the last quarter. Conestoga Capital Advisors LLC increased its stake in shares of SPX Technologies by 74.6% in the third quarter. Conestoga Capital Advisors LLC now owns 627,260 shares of the company's stock valued at $100,023,000 after buying an additional 267,965 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of SPX Technologies by 29.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 623,405 shares of the company's stock worth $99,408,000 after acquiring an additional 142,544 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in SPX Technologies by 17.4% during the 2nd quarter. Principal Financial Group Inc. now owns 520,416 shares of the company's stock valued at $73,972,000 after purchasing an additional 77,008 shares during the period. Institutional investors own 92.82% of the company's stock.

SPX Technologies Stock Up 1.1 %

Shares of SPX Technologies stock traded up $1.79 during trading on Wednesday, reaching $160.83. 311,543 shares of the company traded hands, compared to its average volume of 250,684. 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 firm has a market capitalization of $7.46 billion, a PE ratio of 43.23, a P/E/G ratio of 1.59 and a beta of 1.26. The company has a 50 day moving average price of $164.92 and a 200-day moving average price of $153.72. SPX Technologies, Inc. has a 1-year low of $89.09 and a 1-year high of $183.83.

SPX Technologies (NYSE:SPXC - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The company reported $1.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.38 by $0.01. SPX Technologies had a net margin of 9.11% and a return on equity of 19.70%. The company had revenue of $483.70 million for the quarter, compared to analysts' expectations of $501.02 million. During the same quarter in the prior year, the firm earned $1.06 EPS. The business's revenue was up 7.8% on a year-over-year basis. As a group, equities research analysts expect that SPX Technologies, Inc. will post 5.56 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SPXC has been the topic of a number of analyst reports. Wolfe Research initiated coverage on shares of SPX Technologies in a research note on Monday, November 25th. They issued an "outperform" rating and a $199.00 price objective on the stock. Sidoti downgraded SPX Technologies from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $187.00 to $175.00 in a report on Friday, December 6th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, SPX Technologies has a consensus rating of "Hold" and a consensus target price of $164.00.

About SPX Technologies

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.