Earnest Partners LLC Has $149.23 Million Holdings in SPX Technologies, Inc. (NYSE:SPXC)

Earnest Partners LLC decreased its stake in SPX Technologies, Inc. (NYSE:SPXC) by 0.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,025,458 shares of the company’s stock after selling 7,888 shares during the period. Earnest Partners LLC owned approximately 2.21% of SPX Technologies worth $149,225,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Barclays PLC grew its position in SPX Technologies by 299.0% in the 3rd quarter. Barclays PLC now owns 84,567 shares of the company’s stock worth $13,485,000 after purchasing an additional 63,373 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in SPX Technologies during the third quarter worth about $194,000. Tidal Investments LLC increased its stake in SPX Technologies by 6.6% during the third quarter. Tidal Investments LLC now owns 3,026 shares of the company’s stock valued at $483,000 after acquiring an additional 188 shares during the period. Synovus Financial Corp raised its holdings in SPX Technologies by 2.1% in the 3rd quarter. Synovus Financial Corp now owns 9,489 shares of the company’s stock valued at $1,513,000 after acquiring an additional 199 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of SPX Technologies by 188.4% in the 3rd quarter. Franklin Resources Inc. now owns 12,531 shares of the company’s stock worth $2,127,000 after acquiring an additional 8,186 shares during the period. Institutional investors own 92.82% of the company’s stock.

Analysts Set New Price Targets

SPXC has been the topic of a number of research reports. Sidoti upgraded SPX Technologies from a “neutral” rating to a “buy” rating in a research report on Wednesday, February 26th. UBS Group lowered their price target on shares of SPX Technologies from $164.00 to $160.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Finally, Oppenheimer upgraded shares of SPX Technologies from a “market perform” rating to an “outperform” rating and set a $165.00 price objective for the company in a research note on Wednesday, February 26th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, SPX Technologies has a consensus rating of “Moderate Buy” and an average price target of $174.75.

SPX Technologies Trading Up 0.2 %

Shares of SPX Technologies stock opened at $133.77 on Friday. SPX Technologies, Inc. has a 12-month low of $115.00 and a 12-month high of $183.83. The stock has a market capitalization of $6.26 billion, a P/E ratio of 35.96, a price-to-earnings-growth ratio of 1.33 and a beta of 1.22. The company has a 50-day simple moving average of $133.96 and a 200 day simple moving average of $148.62. The company has a quick ratio of 1.19, a current ratio of 1.85 and a debt-to-equity ratio of 0.49.

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.