Skandinaviska Enskilda Banken AB publ Acquires 185 Shares of SPX Technologies, Inc. (NYSE:SPXC)

Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of SPX Technologies, Inc. (NYSE:SPXC) by 2,055.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 194 shares of the company’s stock after purchasing an additional 185 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in SPX Technologies were worth $28,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in SPXC. 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 purchasing an additional 162 shares during the period. CIBC Asset Management Inc bought a new stake in shares of SPX Technologies during the 3rd quarter worth $209,000. Natixis Advisors LLC raised its stake in shares of SPX Technologies by 9.6% during the 3rd quarter. Natixis Advisors LLC now owns 22,192 shares of the company’s stock worth $3,539,000 after purchasing an additional 1,948 shares during the period. Mutual of America Capital Management LLC raised its stake in shares of SPX Technologies by 212.5% during the 3rd quarter. Mutual of America Capital Management LLC now owns 23,744 shares of the company’s stock worth $3,786,000 after purchasing an additional 16,145 shares during the period. Finally, Swiss National Bank raised its stake in shares of SPX Technologies by 0.6% during the 3rd quarter. Swiss National Bank now owns 90,318 shares of the company’s stock worth $14,402,000 after purchasing an additional 500 shares during the period. 92.82% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SPXC has been the topic of a number of recent analyst reports. Wolfe Research initiated coverage on SPX Technologies in a research note on Monday, November 25th. They set an “outperform” rating and a $199.00 target price on the stock. Oppenheimer upgraded SPX Technologies from a “market perform” rating to an “outperform” rating and set a $165.00 price objective on the stock in a research note on Wednesday, February 26th. UBS Group lowered their price objective on SPX Technologies from $164.00 to $160.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Finally, Sidoti upgraded SPX Technologies from a “neutral” rating to a “buy” rating in a research note on Wednesday, February 26th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, SPX Technologies presently has an average rating of “Moderate Buy” and an average target price of $174.75.

SPX Technologies Trading Down 1.1 %

Shares of SPXC opened at $133.94 on Wednesday. The business’s 50-day moving average price is $144.64 and its 200-day moving average price is $153.75. SPX Technologies, Inc. has a twelve month low of $116.05 and a twelve month high of $183.83. The stock has a market cap of $6.21 billion, a PE ratio of 36.01, a P/E/G ratio of 1.33 and a beta of 1.26. 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 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.