Dimensional Fund Advisors LP Sells 4,367 Shares of SPX Technologies, Inc. (NYSE:SPXC)

Dimensional Fund Advisors LP lowered its stake in shares of SPX Technologies, Inc. (NYSE:SPXC) by 0.4% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 1,094,157 shares of the company’s stock after selling 4,367 shares during the period. Dimensional Fund Advisors LP owned approximately 2.37% of SPX Technologies worth $155,521,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Crewe Advisors LLC bought a new position in SPX Technologies during the second quarter valued at approximately $28,000. UMB Bank n.a. boosted its stake in shares of SPX Technologies by 965.0% in the 2nd quarter. UMB Bank n.a. now owns 213 shares of the company’s stock worth $30,000 after buying an additional 193 shares during the last quarter. Hilltop National Bank bought a new stake in shares of SPX Technologies in the second quarter worth $39,000. YHB Investment Advisors Inc. purchased a new stake in SPX Technologies during the first quarter valued at $51,000. Finally, GAMMA Investing LLC lifted its holdings in SPX Technologies by 122.6% in the second quarter. GAMMA Investing LLC now owns 423 shares of the company’s stock valued at $60,000 after acquiring an additional 233 shares during the period. 92.82% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

SPX Technologies Trading Down 0.4 %

Shares of SPXC stock opened at $162.49 on Friday. 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 has a market cap of $7.52 billion, a price-to-earnings ratio of 79.26, a PEG ratio of 1.54 and a beta of 1.22. SPX Technologies, Inc. has a 1 year low of $77.84 and a 1 year high of $165.13. The firm has a fifty day moving average price of $151.13 and a 200-day moving average price of $137.79.

SPX Technologies (NYSE:SPXC) last issued its quarterly earnings results on Thursday, August 1st. The company reported $1.42 EPS for the quarter, topping 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 business had revenue of $501.30 million during the quarter, compared to analysts’ expectations of $492.08 million. During the same quarter in the prior year, the business posted $1.06 earnings per share. The business’s quarterly revenue was up 18.4% on a year-over-year basis. As a group, equities analysts predict that SPX Technologies, Inc. will post 5.54 earnings per share for the current year.

Insiders Place Their Bets

In other SPX Technologies news, 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 directly owns 52,657 shares in the company, valued at $7,576,815.73. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 3.53% of the stock is owned by company insiders.

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.