Venturi Wealth Management LLC Invests $331,000 in SPX Technologies, Inc. (NYSE:SPXC)

Venturi Wealth Management LLC bought a new position in SPX Technologies, Inc. (NYSE:SPXC - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,275 shares of the company's stock, valued at approximately $331,000.

Several other institutional investors also recently modified their holdings of SPXC. State Street Corp raised its stake in shares of SPX Technologies by 1.3% in the third quarter. State Street Corp now owns 1,729,989 shares of the company's stock worth $275,864,000 after buying an additional 22,177 shares during the period. Geode Capital Management LLC boosted its holdings in shares of SPX Technologies by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,033,825 shares of the company's stock worth $164,888,000 after purchasing an additional 8,916 shares during the period. Conestoga Capital Advisors LLC lifted its stake in shares of SPX Technologies by 25.6% during the 4th quarter. Conestoga Capital Advisors LLC now owns 787,795 shares of the company's stock worth $114,640,000 after acquiring an additional 160,535 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of SPX Technologies by 45.3% during the 3rd quarter. Janus Henderson Group PLC now owns 696,713 shares of the company's stock worth $111,100,000 after acquiring an additional 217,316 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in SPX Technologies by 29.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 623,405 shares of the company's stock valued at $99,408,000 after purchasing an additional 142,544 shares in the last quarter. 92.82% of the stock is owned by hedge funds and other institutional investors.

SPX Technologies Price Performance

Shares of SPXC traded down $6.49 on Friday, reaching $140.18. The stock had a trading volume of 315,781 shares, compared to its average volume of 288,647. The firm has a market capitalization of $6.50 billion, a PE ratio of 37.68, a PEG ratio of 1.35 and a beta of 1.29. The company has a quick ratio of 1.19, a current ratio of 1.85 and a debt-to-equity ratio of 0.49. The firm has a 50-day moving average of $148.06 and a 200 day moving average of $155.56. SPX Technologies, Inc. has a twelve month low of $103.11 and a twelve month high of $183.83.

Analyst Ratings Changes

SPXC has been the subject of several recent research reports. Sidoti lowered SPX Technologies from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $187.00 to $175.00 in a research report on Friday, December 6th. UBS Group dropped their price target on SPX Technologies from $164.00 to $160.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 7th. Finally, Wolfe Research began coverage on SPX Technologies in a research note on Monday, November 25th. They issued an "outperform" rating and a $199.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $168.50.

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.