Spire Wealth Management Takes Position in SPX Technologies, Inc. (NYSE:SPXC)

Spire Wealth Management purchased a new stake in SPX Technologies, Inc. (NYSE:SPXC) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 390 shares of the company’s stock, valued at approximately $57,000.

Other large investors have also modified their holdings of the company. Assetmark Inc. raised its stake in shares of SPX Technologies by 4.7% during the 3rd quarter. Assetmark Inc. now owns 1,745 shares of the company’s stock worth $278,000 after acquiring an additional 78 shares in the last quarter. Hilltop National Bank raised its stake in shares of 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 acquiring an additional 89 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of SPX Technologies by 1.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 10,233 shares of the company’s stock worth $1,632,000 after acquiring an additional 158 shares in the last quarter. M&T Bank Corp raised its stake in shares of SPX Technologies by 0.4% during the 3rd quarter. M&T Bank Corp now owns 37,541 shares of the company’s stock worth $5,986,000 after acquiring an additional 160 shares in the last quarter. Finally, KBC Group NV raised its stake in shares of 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 acquiring an additional 162 shares in the last quarter. Institutional investors own 92.82% of the company’s stock.

SPX Technologies Price Performance

Shares of NYSE SPXC opened at $150.76 on Monday. The firm has a 50-day simple moving average of $150.89 and a 200-day simple moving average of $155.38. The stock has a market capitalization of $6.99 billion, a price-to-earnings ratio of 40.53, a price-to-earnings-growth ratio of 1.38 and a beta of 1.29. The company has a quick ratio of 1.19, a current ratio of 1.85 and a debt-to-equity ratio of 0.49. SPX Technologies, Inc. has a 52 week low of $103.11 and a 52 week high of $183.83.

Analysts Set New Price Targets

Several research analysts recently commented on SPXC shares. Sidoti lowered shares of SPX Technologies from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $187.00 to $175.00 in a research note on Friday, December 6th. Wolfe Research began coverage on shares of SPX Technologies in a research report on Monday, November 25th. They set an “outperform” rating and a $199.00 target price on the stock. Finally, UBS Group dropped their target price on shares of SPX Technologies from $164.00 to $160.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $168.50.

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.