SPX Technologies, Inc. (NYSE:SPXC) Shares Bought by Diversified Trust Co

Diversified Trust Co raised its holdings in shares of SPX Technologies, Inc. (NYSE:SPXC) by 34.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 7,868 shares of the company’s stock after buying an additional 2,034 shares during the period. Diversified Trust Co’s holdings in SPX Technologies were worth $1,145,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Assetmark Inc. increased its position in SPX Technologies by 4.7% during the 3rd quarter. Assetmark Inc. now owns 1,745 shares of the company’s stock valued at $278,000 after buying an additional 78 shares in the last quarter. Evergreen Capital Management LLC increased its holdings in shares of 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 in the last quarter. PNC Financial Services Group Inc. raised its position in shares of SPX Technologies by 1.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 10,233 shares of the company’s stock valued at $1,632,000 after purchasing an additional 158 shares during the last quarter. M&T Bank Corp boosted its stake in SPX Technologies by 0.4% in the 3rd quarter. M&T Bank Corp now owns 37,541 shares of the company’s stock worth $5,986,000 after purchasing an additional 160 shares in the last quarter. Finally, KBC Group NV grew its position in SPX Technologies by 14.3% during the 3rd quarter. KBC Group NV now owns 1,295 shares of the company’s stock worth $207,000 after purchasing an additional 162 shares during the last quarter. Hedge funds and other institutional investors own 92.82% of the company’s stock.

Analyst Upgrades and Downgrades

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

SPX Technologies Trading Up 0.3 %

Shares of SPX Technologies stock opened at $142.95 on Thursday. SPX Technologies, Inc. has a 1 year low of $95.00 and a 1 year high of $183.83. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.85 and a quick ratio of 1.19. The stock has a market cap of $6.63 billion, a PE ratio of 38.43, a price-to-earnings-growth ratio of 1.55 and a beta of 1.30. The firm has a fifty day moving average price of $158.83 and a 200 day moving average price of $155.21.

SPX Technologies (NYSE:SPXC) last released its quarterly earnings data on Wednesday, October 30th. The company reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.01. SPX Technologies had a return on equity of 19.70% and a net margin of 9.11%. The business had revenue of $483.70 million during the quarter, compared to analyst estimates of $501.02 million. During the same quarter last year, the business posted $1.06 EPS. The company’s revenue was up 7.8% on a year-over-year basis. Equities research analysts predict that SPX Technologies, Inc. will post 5.56 earnings per share for the current year.

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.