SPX Technologies, Inc. (NYSE:SPXC) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. lifted its stake in shares of SPX Technologies, Inc. (NYSE:SPXC - Free Report) by 1.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,031,289 shares of the company's stock after purchasing an additional 89,770 shares during the period. Vanguard Group Inc. owned about 10.85% of SPX Technologies worth $732,153,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SPXC. Allworth Financial LP lifted its stake in SPX Technologies by 123.3% in the 4th quarter. Allworth Financial LP now owns 163 shares of the company's stock worth $25,000 after purchasing an additional 90 shares in the last quarter. Empowered Funds LLC purchased a new stake in SPX Technologies in the 4th quarter valued at $27,000. Skandinaviska Enskilda Banken AB publ increased its stake in shares of SPX Technologies by 2,055.6% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 194 shares of the company's stock worth $28,000 after acquiring an additional 185 shares during the last quarter. Spire Wealth Management purchased a new stake in shares of SPX Technologies in the fourth quarter valued at about $57,000. Finally, Hilltop National Bank raised its stake in SPX Technologies by 19.9% during the fourth quarter. Hilltop National Bank now owns 536 shares of the company's stock worth $78,000 after purchasing an additional 89 shares during the period. 92.82% of the stock is owned by hedge funds and other institutional investors.

SPX Technologies Stock Up 2.6 %

Shares of SPXC traded up $3.49 during mid-day trading on Wednesday, hitting $135.99. 342,649 shares of the company's stock were exchanged, compared to its average volume of 272,654. 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 $6.31 billion, a price-to-earnings ratio of 36.56, a P/E/G ratio of 1.33 and a beta of 1.26. The stock's 50-day moving average is $142.44 and its 200-day moving average is $152.85. SPX Technologies, Inc. has a fifty-two week low of $116.05 and a fifty-two week high of $183.83.

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Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SPXC. UBS Group cut their price target 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 upgraded SPX Technologies from a "market perform" rating to an "outperform" rating and set a $165.00 target price 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 research report on Wednesday, February 26th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $174.75.

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.