Oppenheimer & Co. Inc. Sells 310 Shares of SPX Technologies, Inc. (NYSE:SPXC)

Oppenheimer & Co. Inc. lowered its stake in shares of SPX Technologies, Inc. (NYSE:SPXC) by 5.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,952 shares of the company’s stock after selling 310 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in SPX Technologies were worth $790,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in shares of SPX Technologies by 3.5% during the 1st quarter. Vanguard Group Inc. now owns 5,173,939 shares of the company’s stock worth $637,067,000 after purchasing an additional 173,021 shares in the last quarter. Earnest Partners LLC grew its stake in SPX Technologies by 3.3% during the second quarter. Earnest Partners LLC now owns 1,066,426 shares of the company’s stock worth $151,582,000 after buying an additional 33,675 shares in the last quarter. Conestoga Capital Advisors LLC increased its holdings in SPX Technologies by 74.6% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 627,260 shares of the company’s stock valued at $100,023,000 after buying an additional 267,965 shares during the period. Principal Financial Group Inc. raised its position in shares of SPX Technologies by 17.4% in the 2nd quarter. Principal Financial Group Inc. now owns 520,416 shares of the company’s stock valued at $73,972,000 after buying an additional 77,008 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of SPX Technologies by 2.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 397,605 shares of the company’s stock worth $56,516,000 after acquiring an additional 8,931 shares during the period. Institutional investors own 92.82% of the company’s stock.

SPX Technologies Stock Performance

Shares of NYSE:SPXC opened at $168.06 on Wednesday. SPX Technologies, Inc. has a 1 year low of $83.98 and a 1 year high of $173.30. The stock has a market capitalization of $7.79 billion, a price-to-earnings ratio of 44.07, a price-to-earnings-growth ratio of 1.63 and a beta of 1.22. 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 company’s 50 day simple moving average is $159.90 and its 200 day simple moving average is $150.20.

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

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.