J Randall Data Sells 39,412 Shares of SPX Technologies, Inc. (NYSE:SPXC) Stock

SPX Technologies, Inc. (NYSE:SPXC) insider J Randall Data sold 39,412 shares of the company’s stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $143.89, for a total value of $5,670,992.68. Following the completion of the transaction, the insider now owns 52,657 shares in the company, valued at $7,576,815.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

SPX Technologies Price Performance

Shares of SPXC opened at $141.17 on Friday. The firm has a market capitalization of $6.53 billion, a price-to-earnings ratio of 68.86, a PEG ratio of 1.49 and a beta of 1.21. The firm’s fifty day simple moving average is $135.34 and its 200-day simple moving average is $117.93. SPX Technologies, Inc. has a twelve month low of $76.61 and a twelve month high of $146.50. The company has a current ratio of 1.12, a quick ratio of 0.70 and a debt-to-equity ratio of 0.42.

SPX Technologies (NYSE:SPXC) last released its quarterly earnings data on Thursday, May 2nd. The company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.19. SPX Technologies had a return on equity of 18.18% and a net margin of 5.32%. The business had revenue of $465.20 million during the quarter, compared to analysts’ expectations of $454.05 million. During the same period in the prior year, the firm posted $0.93 EPS. The business’s quarterly revenue was up 16.4% compared to the same quarter last year. Equities analysts forecast that SPX Technologies, Inc. will post 5.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on SPXC. William Blair restated an “outperform” rating on shares of SPX Technologies in a research note on Friday, May 3rd. StockNews.com lowered shares of SPX Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, May 11th. UBS Group raised their price objective on shares of SPX Technologies from $126.00 to $142.00 and gave the company a “neutral” rating in a research note on Wednesday, May 8th. Finally, Oppenheimer upped their target price on shares of SPX Technologies from $134.00 to $140.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd.

Institutional Trading of SPX Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SPXC. Fifth Third Bancorp raised its stake in SPX Technologies by 2.7% during the 1st quarter. Fifth Third Bancorp now owns 4,524 shares of the company’s stock worth $557,000 after acquiring an additional 118 shares in the last quarter. Sequoia Financial Advisors LLC boosted its position in shares of SPX Technologies by 4.3% in the 4th quarter. Sequoia Financial Advisors LLC now owns 3,182 shares of the company’s stock valued at $321,000 after purchasing an additional 132 shares during the period. Janney Montgomery Scott LLC grew its stake in SPX Technologies by 4.2% during the 3rd quarter. Janney Montgomery Scott LLC now owns 4,176 shares of the company’s stock worth $340,000 after buying an additional 170 shares during the last quarter. Evergreen Capital Management LLC increased its position in SPX Technologies by 5.5% during the third quarter. Evergreen Capital Management LLC now owns 3,458 shares of the company’s stock worth $281,000 after buying an additional 181 shares during the period. Finally, US Bancorp DE lifted its stake in SPX Technologies by 3.3% in the fourth quarter. US Bancorp DE now owns 7,254 shares of the company’s stock valued at $733,000 after buying an additional 232 shares during the last quarter. Institutional investors and hedge funds own 92.82% of the company’s stock.

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.