Federated Hermes Inc. Has $15.41 Million Stock Holdings in SPX Technologies, Inc. (NYSE:SPXC)

Federated Hermes Inc. trimmed its position in shares of SPX Technologies, Inc. (NYSE:SPXC - Free Report) by 2.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 105,905 shares of the company's stock after selling 2,526 shares during the quarter. Federated Hermes Inc. owned approximately 0.23% of SPX Technologies worth $15,411,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Private Advisor Group LLC boosted its holdings in shares of SPX Technologies by 1.0% in the 4th quarter. Private Advisor Group LLC now owns 6,921 shares of the company's stock valued at $1,007,000 after purchasing an additional 68 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in shares of SPX Technologies by 1.6% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 4,342 shares of the company's stock worth $632,000 after purchasing an additional 68 shares during the period. CIBC Asset Management Inc grew its holdings in shares of SPX Technologies by 5.6% during the 4th quarter. CIBC Asset Management Inc now owns 1,383 shares of the company's stock worth $201,000 after purchasing an additional 73 shares during the period. Sequoia Financial Advisors LLC raised its holdings in SPX Technologies by 2.6% in the fourth quarter. Sequoia Financial Advisors LLC now owns 3,386 shares of the company's stock valued at $493,000 after buying an additional 85 shares during the period. Finally, Signaturefd LLC increased its holdings in SPX Technologies by 15.9% in the 4th quarter. Signaturefd LLC now owns 628 shares of the company's stock valued at $91,000 after purchasing an additional 86 shares in the last quarter. Hedge funds and other institutional investors own 92.82% of the company's stock.

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SPX Technologies Trading Up 0.6 %

SPXC traded up $0.80 during trading on Tuesday, reaching $131.75. The company had a trading volume of 24,814 shares, compared to its average volume of 277,137. SPX Technologies, Inc. has a 12-month low of $115.00 and a 12-month high of $183.83. The firm's 50-day simple moving average is $137.93 and its 200 day simple moving average is $150.53. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.19 and a current ratio of 1.85. The company has a market cap of $6.16 billion, a price-to-earnings ratio of 35.40, a PEG ratio of 1.33 and a beta of 1.22.

Wall Street Analyst Weigh In

SPXC has been the topic of several recent analyst reports. 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 report on Wednesday, February 26th. UBS Group reduced their price target on shares of SPX Technologies from $164.00 to $160.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 7th. Finally, Sidoti upgraded SPX Technologies from a "neutral" rating to a "buy" rating in a research 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. According to MarketBeat, SPX Technologies currently has a consensus rating of "Moderate Buy" and a consensus 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.