SPX Technologies, Inc. (NYSE:SPXC) Shares Purchased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC increased its stake in SPX Technologies, Inc. (NYSE:SPXC) by 2.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,386 shares of the company’s stock after acquiring an additional 85 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in SPX Technologies were worth $493,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in SPXC. Allworth Financial LP lifted its position in shares of SPX Technologies by 123.3% in the fourth quarter. Allworth Financial LP now owns 163 shares of the company’s stock valued at $25,000 after acquiring an additional 90 shares in the last quarter. Empowered Funds LLC acquired a new position in SPX Technologies in the 4th quarter valued at $27,000. Spire Wealth Management purchased a new position in SPX Technologies in the 4th quarter valued at $57,000. Hilltop National Bank boosted its stake in SPX Technologies by 19.9% during the 4th quarter. Hilltop National Bank now owns 536 shares of the company’s stock worth $78,000 after purchasing an additional 89 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in shares of SPX Technologies by 334.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 760 shares of the company’s stock worth $109,000 after buying an additional 585 shares in the last quarter. 92.82% of the stock is currently owned by institutional investors and hedge funds.

SPX Technologies Trading Up 1.0 %

Shares of SPX Technologies stock opened at $135.60 on Tuesday. The stock has a 50 day moving average of $144.80 and a 200 day moving average of $153.95. 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 firm has a market capitalization of $6.29 billion, a price-to-earnings ratio of 36.45, a PEG ratio of 1.33 and a beta of 1.26. SPX Technologies, Inc. has a fifty-two week low of $116.05 and a fifty-two week high of $183.83.

Analyst Ratings Changes

Several brokerages recently issued reports on SPXC. Sidoti raised shares of SPX Technologies from a “neutral” rating to a “buy” rating in a research note on Wednesday, February 26th. 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 report on Wednesday, February 26th. Wolfe Research assumed coverage on SPX Technologies in a research note on Monday, November 25th. They set an “outperform” rating and a $199.00 price objective on the stock. Finally, UBS Group dropped their target price on SPX Technologies from $164.00 to $160.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus 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.