Swiss National Bank Raises Holdings in SPX Technologies, Inc. (NYSE:SPXC)

Swiss National Bank boosted its stake in SPX Technologies, Inc. (NYSE:SPXC) by 0.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 91,118 shares of the company’s stock after buying an additional 800 shares during the quarter. Swiss National Bank’s holdings in SPX Technologies were worth $13,259,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. State Street Corp raised its holdings 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 acquiring an additional 22,177 shares during the last quarter. Geode Capital Management LLC grew its position in shares of SPX Technologies by 0.9% in the third quarter. Geode Capital Management LLC now owns 1,033,825 shares of the company’s stock valued at $164,888,000 after purchasing an additional 8,916 shares during the period. Conestoga Capital Advisors LLC grew its holdings in SPX Technologies by 25.6% in the 4th quarter. Conestoga Capital Advisors LLC now owns 787,795 shares of the company’s stock valued at $114,640,000 after buying an additional 160,535 shares during the period. Janus Henderson Group PLC increased its position in SPX Technologies by 45.3% during the third quarter. Janus Henderson Group PLC now owns 696,713 shares of the company’s stock worth $111,100,000 after purchasing an additional 217,316 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of SPX Technologies by 0.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 625,361 shares of the company’s stock worth $91,003,000 after buying an additional 1,956 shares during the last quarter. Institutional investors and hedge funds own 92.82% of the company’s stock.

SPX Technologies Price Performance

SPXC stock opened at $137.86 on Thursday. The stock has a 50-day simple moving average of $144.53 and a 200-day simple moving average of $153.64. The firm has a market cap of $6.39 billion, a P/E ratio of 37.06, a price-to-earnings-growth ratio of 1.33 and a beta of 1.26. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.19 and a current ratio of 1.85. SPX Technologies, Inc. has a 1 year low of $116.05 and a 1 year high of $183.83.

Analyst Ratings Changes

SPXC has been the topic of a number of research analyst reports. Sidoti upgraded SPX Technologies from a “neutral” rating to a “buy” rating in a report on Wednesday, February 26th. Wolfe Research assumed coverage on SPX Technologies in a report on Monday, November 25th. They set an “outperform” rating and a $199.00 target price for the company. UBS Group dropped their target price on shares of SPX Technologies from $164.00 to $160.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Finally, Oppenheimer upgraded shares of SPX Technologies from a “market perform” rating to an “outperform” rating and set a $165.00 price objective for the company in a research note on Wednesday, February 26th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock 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.