Janney Montgomery Scott LLC Has $787,000 Stock Holdings in SPX Technologies, Inc. (NYSE:SPXC)

Janney Montgomery Scott LLC lifted its stake in shares of SPX Technologies, Inc. (NYSE:SPXC) by 26.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,407 shares of the company’s stock after acquiring an additional 1,137 shares during the quarter. Janney Montgomery Scott LLC’s holdings in SPX Technologies were worth $787,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. raised its position in shares of SPX Technologies by 666.7% during the third quarter. JPMorgan Chase & Co. now owns 590,552 shares of the company’s stock worth $94,169,000 after purchasing an additional 513,526 shares during the period. Conestoga Capital Advisors LLC raised its position in SPX Technologies by 74.6% in the third quarter. Conestoga Capital Advisors LLC now owns 627,260 shares of the company’s stock worth $100,023,000 after acquiring an additional 267,965 shares during the period. Janus Henderson Group PLC grew its holdings in SPX Technologies by 45.3% during the third quarter. Janus Henderson Group PLC now owns 696,713 shares of the company’s stock valued at $111,100,000 after purchasing an additional 217,316 shares during the period. Victory Capital Management Inc. raised its stake in SPX Technologies by 196.9% in the 3rd quarter. Victory Capital Management Inc. now owns 218,993 shares of the company’s stock valued at $34,921,000 after acquiring an additional 145,225 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in SPX Technologies by 29.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 623,405 shares of the company’s stock worth $99,408,000 after buying an additional 142,544 shares during the period. 92.82% of the stock is owned by institutional investors.

SPX Technologies Trading Down 0.5 %

Shares of SPXC opened at $152.22 on Friday. The stock has a market capitalization of $7.06 billion, a PE ratio of 40.92, a P/E/G ratio of 1.35 and a beta of 1.29. SPX Technologies, Inc. has a fifty-two week low of $103.11 and a fifty-two week high of $183.83. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.19 and a current ratio of 1.85. The company’s fifty day moving average is $151.86 and its 200 day moving average is $155.40.

Analyst Upgrades and Downgrades

SPXC has been the subject of a number of analyst reports. UBS Group cut their price objective on shares of SPX Technologies from $164.00 to $160.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Sidoti cut SPX Technologies from a “buy” rating to a “neutral” rating and dropped their target price for the company from $187.00 to $175.00 in a report on Friday, December 6th. Finally, Wolfe Research assumed coverage on SPX Technologies in a research note on Monday, November 25th. They issued an “outperform” rating and a $199.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, SPX Technologies currently has a consensus rating of “Hold” and an average target price of $168.50.

About SPX Technologies

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.