Raymond James & Associates Purchases 13,312 Shares of SPX Technologies, Inc. (NYSE:SPXC)

Raymond James & Associates increased its holdings in SPX Technologies, Inc. (NYSE:SPXC) by 30.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 57,098 shares of the company’s stock after purchasing an additional 13,312 shares during the period. Raymond James & Associates owned approximately 0.12% of SPX Technologies worth $9,105,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the business. Evergreen Capital Management LLC increased its position in SPX Technologies by 4.3% during the second quarter. Evergreen Capital Management LLC now owns 3,538 shares of the company’s stock valued at $503,000 after acquiring an additional 146 shares during the last quarter. Fifth Third Bancorp boosted its stake in shares of SPX Technologies by 3.8% during the 2nd quarter. Fifth Third Bancorp now owns 4,698 shares of the company’s stock worth $668,000 after purchasing an additional 174 shares during the period. V Square Quantitative Management LLC bought a new position in shares of SPX Technologies during the third quarter valued at approximately $28,000. Xponance Inc. raised its holdings in shares of SPX Technologies by 7.1% in the second quarter. Xponance Inc. now owns 2,864 shares of the company’s stock worth $407,000 after buying an additional 189 shares during the period. Finally, UMB Bank n.a. boosted its holdings in SPX Technologies by 965.0% during the 2nd quarter. UMB Bank n.a. now owns 213 shares of the company’s stock valued at $30,000 after acquiring an additional 193 shares during the period. Institutional investors own 92.82% of the company’s stock.

SPX Technologies Stock Down 0.4 %

SPX Technologies stock opened at $159.25 on Wednesday. The company has a quick ratio of 0.81, a current ratio of 1.28 and a debt-to-equity ratio of 0.40. The firm has a market cap of $7.36 billion, a P/E ratio of 77.68, a P/E/G ratio of 1.58 and a beta of 1.21. The business has a fifty day moving average of $158.15 and a two-hundred day moving average of $146.23. SPX Technologies, Inc. has a twelve month low of $77.90 and a twelve month high of $173.30.

SPX Technologies (NYSE:SPXC) last issued its quarterly earnings data on Thursday, August 1st. The company reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.17. SPX Technologies had a return on equity of 19.20% and a net margin of 5.53%. The company had revenue of $501.30 million for the quarter, compared to the consensus estimate of $492.08 million. During the same quarter last year, the company earned $1.06 earnings per share. The firm’s revenue for the quarter was up 18.4% compared to the same quarter last year. On average, analysts forecast that SPX Technologies, Inc. will post 5.54 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.