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

TD Waterhouse Canada Inc. lifted its stake in shares of SPX Technologies, Inc. (NYSE:SPXC) by 3.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 69,214 shares of the company’s stock after acquiring an additional 2,354 shares during the period. TD Waterhouse Canada Inc. owned 0.15% of SPX Technologies worth $10,073,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Private Advisor Group LLC boosted its holdings in shares of SPX Technologies by 1.0% during the fourth quarter. Private Advisor Group LLC now owns 6,921 shares of the company’s stock worth $1,007,000 after purchasing an additional 68 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in SPX Technologies by 1.6% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 4,342 shares of the company’s stock worth $632,000 after buying an additional 68 shares during the period. CIBC Asset Management Inc boosted its stake in SPX Technologies by 5.6% in the 4th quarter. CIBC Asset Management Inc now owns 1,383 shares of the company’s stock worth $201,000 after buying an additional 73 shares during the last quarter. Bank of Montreal Can grew its holdings in SPX Technologies by 1.3% in the 4th quarter. Bank of Montreal Can now owns 6,316 shares of the company’s stock valued at $919,000 after buying an additional 78 shares during the period. Finally, Sequoia Financial Advisors LLC increased its stake in shares of SPX Technologies by 2.6% during the 4th quarter. Sequoia Financial Advisors LLC now owns 3,386 shares of the company’s stock valued at $493,000 after acquiring an additional 85 shares during the last quarter. Hedge funds and other institutional investors own 92.82% of the company’s stock.

SPX Technologies Trading Down 3.3 %

Shares of SPXC stock opened at $124.14 on Tuesday. The company has a quick ratio of 1.19, a current ratio of 1.85 and a debt-to-equity ratio of 0.49. SPX Technologies, Inc. has a fifty-two week low of $115.00 and a fifty-two week high of $183.83. The firm’s 50 day moving average price is $135.50 and its two-hundred day moving average price is $149.42. The stock has a market cap of $5.81 billion, a price-to-earnings ratio of 33.37, a price-to-earnings-growth ratio of 1.33 and a beta of 1.22.

Analyst Ratings Changes

Several research firms recently issued reports on SPXC. UBS Group decreased their target price 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. Sidoti upgraded shares of SPX Technologies from a “neutral” rating to a “buy” rating in a report on Wednesday, February 26th. Finally, Oppenheimer upgraded SPX Technologies from a “market perform” rating to an “outperform” rating and set a $165.00 price objective for the company in a report on Wednesday, February 26th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target 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.