SPX Technologies (NYSE:SPXC) Upgraded at Sidoti

SPX Technologies (NYSE:SPXC) was upgraded by analysts at Sidoti from a “neutral” rating to a “buy” rating in a research note issued to investors on Wednesday,Finviz reports.

SPXC has been the topic of a number of other reports. UBS Group reduced their price target on shares of SPX Technologies from $164.00 to $160.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Wolfe Research began coverage on shares of SPX Technologies in a research report on Monday, November 25th. They issued an “outperform” rating and a $199.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $174.75.

SPX Technologies Price Performance

SPX Technologies stock opened at $136.31 on Wednesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.19 and a current ratio of 1.85. SPX Technologies has a 52 week low of $107.23 and a 52 week high of $183.83. The stock has a market capitalization of $6.32 billion, a P/E ratio of 36.64, a price-to-earnings-growth ratio of 1.33 and a beta of 1.29. The stock has a fifty day moving average of $146.96 and a 200-day moving average of $155.53.

Institutional Investors Weigh In On SPX Technologies

A number of institutional investors have recently added to or reduced their stakes in the business. Private Advisor Group LLC grew its stake in shares of SPX Technologies by 1.0% in the fourth quarter. Private Advisor Group LLC now owns 6,921 shares of the company’s stock worth $1,007,000 after purchasing an additional 68 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in SPX Technologies by 1.6% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 4,342 shares of the company’s stock worth $632,000 after buying an additional 68 shares during the period. CIBC Asset Management Inc grew its position in shares of SPX Technologies by 5.6% in the 4th quarter. CIBC Asset Management Inc now owns 1,383 shares of the company’s stock valued at $201,000 after buying an additional 73 shares during the last quarter. Assetmark Inc. increased its stake in shares of SPX Technologies by 4.7% in the third quarter. Assetmark Inc. now owns 1,745 shares of the company’s stock valued at $278,000 after buying an additional 78 shares during the period. Finally, Bank of Montreal Can raised its holdings in SPX Technologies by 1.3% during the 4th quarter. Bank of Montreal Can now owns 6,316 shares of the company’s stock worth $919,000 after purchasing an additional 78 shares during the last quarter. 92.82% of the stock is owned by institutional investors.

SPX Technologies Company 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.