SPX Technologies, Inc. (NYSE:SPXC) Shares Purchased by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. boosted its position in SPX Technologies, Inc. (NYSE:SPXC - Free Report) by 3.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 69,214 shares of the company's stock after purchasing an additional 2,354 shares during the quarter. TD Waterhouse Canada Inc. owned about 0.15% of SPX Technologies worth $10,073,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SPXC. Allworth Financial LP grew its holdings in 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 stake in SPX Technologies in the fourth quarter valued at approximately $27,000. Skandinaviska Enskilda Banken AB publ increased its position in SPX Technologies by 2,055.6% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 194 shares of the company's stock worth $28,000 after purchasing an additional 185 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in SPX Technologies by 377.5% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 191 shares of the company's stock worth $29,000 after purchasing an additional 151 shares during the last quarter. Finally, Spire Wealth Management purchased a new position in SPX Technologies during the fourth quarter worth approximately $57,000. 92.82% of the stock is currently owned by hedge funds and other institutional investors.

SPX Technologies Stock Up 0.2 %

SPXC traded up $0.27 during trading hours on Friday, reaching $133.77. 167,753 shares of the stock traded hands, compared to its average volume of 279,631. SPX Technologies, Inc. has a fifty-two week low of $115.00 and a fifty-two week high of $183.83. 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 company has a market cap of $6.26 billion, a price-to-earnings ratio of 35.96, a PEG ratio of 1.33 and a beta of 1.22. The firm's fifty day simple moving average is $134.31 and its two-hundred day simple moving average is $148.94.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. UBS Group dropped 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 target for the company in a research note on Wednesday, February 26th. Finally, Sidoti raised SPX Technologies from a "neutral" rating to a "buy" rating in a research note on Wednesday, February 26th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, SPX Technologies presently has a consensus rating of "Moderate Buy" and an average 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.