Xponance Inc. Has $482,000 Stock Holdings in SPX Technologies, Inc. (NYSE:SPXC)

Xponance Inc. boosted its position in SPX Technologies, Inc. (NYSE:SPXC) by 12.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 3,309 shares of the company’s stock after purchasing an additional 355 shares during the period. Xponance Inc.’s holdings in SPX Technologies were worth $482,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp raised its position 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 valued at $275,864,000 after purchasing an additional 22,177 shares during the period. Geode Capital Management LLC grew its stake in SPX Technologies by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,033,825 shares of the company’s stock valued at $164,888,000 after buying an additional 8,916 shares during the last quarter. Conestoga Capital Advisors LLC raised 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 acquiring an additional 160,535 shares during the period. Janus Henderson Group PLC lifted 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 acquiring an additional 217,316 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of SPX Technologies by 0.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 625,361 shares of the company’s stock worth $91,003,000 after acquiring an additional 1,956 shares during the period. Institutional investors own 92.82% of the company’s stock.

SPX Technologies Stock Performance

SPXC opened at $136.18 on Thursday. 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 52-week low of $116.05 and a 52-week high of $183.83. The firm has a market cap of $6.32 billion, a P/E ratio of 36.61, a price-to-earnings-growth ratio of 1.33 and a beta of 1.26. The business’s fifty day moving average is $143.93 and its 200-day moving average is $153.21.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Oppenheimer raised SPX Technologies from a “market perform” rating to an “outperform” rating and set a $165.00 price target for the company in a report on Wednesday, February 26th. Sidoti raised SPX Technologies from a “neutral” rating to a “buy” rating in a report on Wednesday, February 26th. Finally, UBS Group decreased their price target on shares of SPX Technologies from $164.00 to $160.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, SPX Technologies presently has a consensus rating of “Moderate Buy” and an average 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.