US Bancorp DE Sells 524 Shares of SPX Technologies, Inc. (NYSE:SPXC)

US Bancorp DE lowered its position in shares of SPX Technologies, Inc. (NYSE:SPXCGet Rating) by 6.2% in the third quarter, HoldingsChannel reports. The fund owned 7,938 shares of the company’s stock after selling 524 shares during the period. US Bancorp DE’s holdings in SPX Technologies were worth $438,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in SPXC. BlackRock Inc. grew its stake in shares of SPX Technologies by 1.5% during the first quarter. BlackRock Inc. now owns 6,946,104 shares of the company’s stock worth $343,207,000 after purchasing an additional 104,221 shares during the period. Vanguard Group Inc. grew its stake in shares of SPX Technologies by 0.6% during the first quarter. Vanguard Group Inc. now owns 4,769,080 shares of the company’s stock worth $235,640,000 after purchasing an additional 29,958 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of SPX Technologies by 2.3% during the second quarter. Price T Rowe Associates Inc. MD now owns 4,714,463 shares of the company’s stock worth $249,112,000 after purchasing an additional 105,851 shares during the period. State Street Corp grew its stake in shares of SPX Technologies by 1.4% during the second quarter. State Street Corp now owns 1,634,734 shares of the company’s stock worth $86,379,000 after purchasing an additional 22,716 shares during the period. Finally, FMR LLC grew its stake in shares of SPX Technologies by 2.4% during the second quarter. FMR LLC now owns 1,192,779 shares of the company’s stock worth $63,026,000 after purchasing an additional 27,897 shares during the period. Institutional investors own 92.06% of the company’s stock.

SPX Technologies Stock Up 1.5 %

NYSE:SPXC opened at $70.76 on Monday. SPX Technologies, Inc. has a 1 year low of $41.66 and a 1 year high of $75.25. The company has a current ratio of 2.24, a quick ratio of 1.53 and a debt-to-equity ratio of 0.23. The stock has a market cap of $3.20 billion, a price-to-earnings ratio of 95.62, a PEG ratio of 1.15 and a beta of 1.18. The stock has a 50-day moving average price of $68.04 and a two-hundred day moving average price of $62.38.

SPX Technologies (NYSE:SPXCGet Rating) last posted its earnings results on Thursday, November 3rd. The company reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.15. The firm had revenue of $370.50 million during the quarter, compared to analysts’ expectations of $352.00 million. SPX Technologies had a return on equity of 11.87% and a net margin of 2.45%. As a group, equities analysts expect that SPX Technologies, Inc. will post 2.91 earnings per share for the current year.

Analysts Set New Price Targets

SPXC has been the subject of a number of analyst reports. StockNews.com raised SPX Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, November 30th. Oppenheimer reissued a “buy” rating and issued a $72.00 target price on shares of SPX Technologies in a research note on Thursday, September 29th.

Insider Transactions at SPX Technologies

In other news, VP Natausha Heleena White sold 10,190 shares of the company’s stock in a transaction dated Tuesday, November 8th. The stock was sold at an average price of $69.83, for a total transaction of $711,567.70. Following the completion of the transaction, the vice president now directly owns 33,518 shares of the company’s stock, valued at $2,340,561.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 3.70% of the stock is owned by insiders.

SPX Technologies Company Profile

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SPX Technologies, Inc supplies infrastructure equipment serving the heating, ventilation, and cooling (HVAC); and detection and measurement markets in the United States, China, the United Kingdom, and internationally. 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 and comfort heating and ventilation products for the residential and commercial markets.

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Institutional Ownership by Quarter for SPX Technologies (NYSE:SPXC)

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