Signaturefd LLC Has $86,000 Position in SPX Technologies, Inc. (NYSE:SPXC)

Signaturefd LLC raised its stake in shares of SPX Technologies, Inc. (NYSE:SPXC) by 65.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 542 shares of the company’s stock after buying an additional 214 shares during the period. Signaturefd LLC’s holdings in SPX Technologies were worth $86,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of SPX Technologies by 3.5% during the 1st quarter. Vanguard Group Inc. now owns 5,173,939 shares of the company’s stock valued at $637,067,000 after buying an additional 173,021 shares during the period. Earnest Partners LLC boosted its stake in shares of SPX Technologies by 3.3% during the 2nd quarter. Earnest Partners LLC now owns 1,066,426 shares of the company’s stock valued at $151,582,000 after buying an additional 33,675 shares during the period. Principal Financial Group Inc. raised its holdings in shares of SPX Technologies by 17.4% during the 2nd quarter. Principal Financial Group Inc. now owns 520,416 shares of the company’s stock valued at $73,972,000 after purchasing an additional 77,008 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of SPX Technologies by 2.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 397,605 shares of the company’s stock valued at $56,516,000 after purchasing an additional 8,931 shares in the last quarter. Finally, Nordea Investment Management AB raised its holdings in shares of SPX Technologies by 160.6% during the 1st quarter. Nordea Investment Management AB now owns 382,490 shares of the company’s stock valued at $47,069,000 after purchasing an additional 235,720 shares in the last quarter. Institutional investors and hedge funds own 92.82% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Oppenheimer downgraded shares of SPX Technologies from an “outperform” rating to a “market perform” rating in a report on Thursday, July 18th.

SPX Technologies Stock Performance

Shares of SPXC opened at $159.90 on Tuesday. The company has a market capitalization of $7.40 billion, a PE ratio of 72.03, a price-to-earnings-growth ratio of 1.58 and a beta of 1.21. SPX Technologies, Inc. has a one year low of $77.90 and a one year high of $173.30. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.28 and a quick ratio of 0.81. The company’s fifty day moving average price is $158.01 and its 200 day moving average price is $145.96.

SPX Technologies (NYSE:SPXC) last announced its earnings results on Thursday, August 1st. The company reported $1.42 EPS for the quarter, topping the consensus estimate of $1.25 by $0.17. The firm had revenue of $501.30 million for the quarter, compared to the consensus estimate of $492.08 million. SPX Technologies had a net margin of 5.53% and a return on equity of 19.20%. The business’s quarterly revenue was up 18.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.06 EPS. As a group, analysts expect that SPX Technologies, Inc. will post 5.54 earnings per share for the current year.

SPX Technologies 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.