2,021 Shares in SPX Technologies, Inc. (NYSE:SPXC) Purchased by Cerity Partners LLC

Cerity Partners LLC bought a new stake in shares of SPX Technologies, Inc. (NYSE:SPXC) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 2,021 shares of the company’s stock, valued at approximately $204,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SPXC. Segment Wealth Management LLC purchased a new position in shares of SPX Technologies during the 4th quarter worth approximately $202,000. Raymond James Trust N.A. purchased a new stake in SPX Technologies during the 4th quarter worth about $233,000. TIAA Trust National Association acquired a new position in SPX Technologies in the 3rd quarter valued at about $234,000. Sequoia Financial Advisors LLC lifted its holdings in SPX Technologies by 4.8% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 3,050 shares of the company’s stock valued at $248,000 after purchasing an additional 139 shares in the last quarter. Finally, Johnson Investment Counsel Inc. acquired a new stake in shares of SPX Technologies during the 3rd quarter worth about $251,000. Institutional investors and hedge funds own 92.82% of the company’s stock.

Analyst Upgrades and Downgrades

SPXC has been the subject of a number of analyst reports. Oppenheimer reissued an “outperform” rating and issued a $134.00 price objective (up previously from $124.00) on shares of SPX Technologies in a research report on Thursday, March 28th. StockNews.com lowered SPX Technologies from a “buy” rating to a “hold” rating in a research note on Friday, March 15th. Finally, UBS Group raised their price objective on SPX Technologies from $90.00 to $126.00 and gave the stock a “neutral” rating in a report on Wednesday, March 27th.

Insider Buying and Selling at SPX Technologies

In other SPX Technologies news, insider John William Swann III sold 32,325 shares of the company’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $117.61, for a total transaction of $3,801,743.25. Following the completion of the sale, the insider now directly owns 82,884 shares in the company, valued at $9,747,987.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other SPX Technologies news, insider John William Swann III sold 32,325 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $117.61, for a total transaction of $3,801,743.25. Following the completion of the sale, the insider now directly owns 82,884 shares in the company, valued at $9,747,987.24. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Eugene Joseph Lowe III sold 35,000 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $115.34, for a total transaction of $4,036,900.00. Following the completion of the sale, the chief executive officer now directly owns 667,045 shares of the company’s stock, valued at approximately $76,936,970.30. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 94,373 shares of company stock valued at $10,962,146. Company insiders own 3.53% of the company’s stock.

SPX Technologies Price Performance

SPXC opened at $122.55 on Tuesday. SPX Technologies, Inc. has a 1 year low of $61.09 and a 1 year high of $124.81. The company’s 50 day simple moving average is $117.83 and its 200 day simple moving average is $102.06. The stock has a market capitalization of $5.67 billion, a PE ratio of 63.83, a P/E/G ratio of 1.34 and a beta of 1.25. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.08 and a current ratio of 1.77.

SPX Technologies (NYSE:SPXC) last announced its quarterly earnings results on Thursday, February 22nd. The company reported $1.25 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.25. The company had revenue of $469.40 million for the quarter, compared to analyst estimates of $481.98 million. SPX Technologies had a net margin of 5.16% and a return on equity of 17.30%. SPX Technologies’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter last year, the business earned $1.17 EPS. As a group, sell-side analysts expect that SPX Technologies, Inc. will post 5.05 EPS for the current year.

SPX Technologies Company 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.