SPX Technologies, Inc. (NYSE:SPXC) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its stake in shares of SPX Technologies, Inc. (NYSE:SPXC - Free Report) by 0.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 625,361 shares of the company's stock after purchasing an additional 1,956 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.35% of SPX Technologies worth $91,003,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Farther Finance Advisors LLC grew its holdings in SPX Technologies by 247.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 501 shares of the company's stock valued at $80,000 after purchasing an additional 357 shares in the last quarter. Assetmark Inc. grew its stake in shares of SPX Technologies by 4.7% during the third quarter. Assetmark Inc. now owns 1,745 shares of the company's stock valued at $278,000 after acquiring an additional 78 shares in the last quarter. Crossmark Global Holdings Inc. grew its stake in shares of SPX Technologies by 13.6% during the third quarter. Crossmark Global Holdings Inc. now owns 3,655 shares of the company's stock valued at $583,000 after acquiring an additional 438 shares in the last quarter. Peregrine Asset Advisers Inc. purchased a new stake in shares of SPX Technologies during the third quarter worth about $2,595,000. Finally, Victory Capital Management Inc. lifted its stake in shares of SPX Technologies by 196.9% in the third quarter. Victory Capital Management Inc. now owns 218,993 shares of the company's stock worth $34,921,000 after acquiring an additional 145,225 shares in the last quarter. Hedge funds and other institutional investors own 92.82% of the company's stock.

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Analyst Upgrades and Downgrades

SPXC has been the topic of several analyst reports. Wolfe Research initiated coverage on SPX Technologies in a report on Monday, November 25th. They set an "outperform" rating and a $199.00 price objective on the stock. UBS Group decreased their price objective on shares of SPX Technologies from $164.00 to $160.00 and set a "neutral" rating for the company in a report on Tuesday, January 7th. Oppenheimer raised 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 report on Wednesday, February 26th. Finally, Sidoti raised 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 issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $174.75.

SPX Technologies Stock Performance

Shares of NYSE SPXC traded down $2.32 during midday trading on Thursday, hitting $131.55. The company's stock had a trading volume of 194,340 shares, compared to its average volume of 254,964. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.19 and a current ratio of 1.85. SPX Technologies, Inc. has a 1-year low of $114.99 and a 1-year high of $183.83. The firm's fifty day moving average price is $145.67 and its 200-day moving average price is $154.51. The firm has a market cap of $6.10 billion, a P/E ratio of 35.36, a P/E/G ratio of 1.33 and a beta of 1.26.

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.