US Bancorp DE Sells 154 Shares of SPX Technologies, Inc. (NYSE:SPXC)

US Bancorp DE trimmed its position in shares of SPX Technologies, Inc. (NYSE:SPXC) by 2.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,953 shares of the company’s stock after selling 154 shares during the quarter. US Bancorp DE’s holdings in SPX Technologies were worth $866,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Allworth Financial LP lifted its holdings in SPX Technologies by 123.3% during the fourth quarter. Allworth Financial LP now owns 163 shares of the company’s stock worth $25,000 after acquiring an additional 90 shares in the last quarter. Empowered Funds LLC bought a new position in shares of SPX Technologies during the 4th quarter valued at about $27,000. Spire Wealth Management acquired a new position in shares of SPX Technologies in the 4th quarter valued at approximately $57,000. Hilltop National Bank increased its stake in SPX Technologies by 19.9% during the 4th quarter. Hilltop National Bank now owns 536 shares of the company’s stock worth $78,000 after purchasing an additional 89 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its stake in SPX Technologies by 247.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 501 shares of the company’s stock worth $80,000 after purchasing an additional 357 shares in the last quarter. Institutional investors and hedge funds own 92.82% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on SPXC shares. Sidoti upgraded shares of SPX Technologies from a “neutral” rating to a “buy” rating in a report on Wednesday, February 26th. Wolfe Research initiated coverage on shares of SPX Technologies in a research note on Monday, November 25th. They issued an “outperform” rating and a $199.00 target price for the company. Oppenheimer raised shares of SPX Technologies from a “market perform” rating to an “outperform” rating and set a $165.00 price objective on the stock in a research report on Wednesday, February 26th. Finally, UBS Group lowered their target price on SPX Technologies from $164.00 to $160.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $174.75.

SPX Technologies Stock Down 0.4 %

SPXC stock opened at $137.06 on Monday. The business’s 50 day simple moving average is $146.34 and its 200 day simple moving average is $154.97. SPX Technologies, Inc. has a 1-year low of $113.18 and a 1-year high of $183.83. The firm has a market capitalization of $6.36 billion, a PE ratio of 36.84, a PEG ratio of 1.33 and a beta of 1.26. The company has a current ratio of 1.85, a quick ratio of 1.19 and a debt-to-equity ratio of 0.49.

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.