SPX Technologies, Inc. (NYSE:SPXC) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D cut its stake in SPX Technologies, Inc. (NYSE:SPXCGet Rating) by 19.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 39,487 shares of the company’s stock after selling 9,442 shares during the quarter. State of New Jersey Common Pension Fund D owned about 0.09% of SPX Technologies worth $2,180,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of SPXC. New Century Advisors LLC boosted its holdings in SPX Technologies by 62.7% during the 3rd quarter. New Century Advisors LLC now owns 506 shares of the company’s stock valued at $28,000 after acquiring an additional 195 shares during the period. Great West Life Assurance Co. Can raised its position in shares of SPX Technologies by 0.6% during the 1st quarter. Great West Life Assurance Co. Can now owns 39,156 shares of the company’s stock worth $1,982,000 after acquiring an additional 232 shares in the last quarter. Synovus Financial Corp raised its position in shares of SPX Technologies by 2.0% during the 2nd quarter. Synovus Financial Corp now owns 12,578 shares of the company’s stock worth $665,000 after acquiring an additional 250 shares in the last quarter. HighTower Advisors LLC raised its position in shares of SPX Technologies by 7.1% during the 1st quarter. HighTower Advisors LLC now owns 4,367 shares of the company’s stock worth $216,000 after acquiring an additional 290 shares in the last quarter. Finally, US Bancorp DE raised its position in shares of SPX Technologies by 4.2% during the 1st quarter. US Bancorp DE now owns 8,869 shares of the company’s stock worth $438,000 after acquiring an additional 358 shares in the last quarter. 92.06% of the stock is owned by institutional investors and hedge funds.

SPX Technologies Trading Down 2.4 %

Shares of SPXC stock opened at $71.25 on Wednesday. The business’s 50 day moving average is $68.14 and its two-hundred day moving average is $62.02. SPX Technologies, Inc. has a twelve month low of $41.66 and a twelve month high of $75.25. The company has a market capitalization of $3.22 billion, a P/E ratio of 96.28, a price-to-earnings-growth ratio of 1.19 and a beta of 1.18. The company has a current ratio of 2.24, a quick ratio of 1.53 and a debt-to-equity ratio of 0.23.

SPX Technologies (NYSE:SPXCGet Rating) last announced its earnings results on Thursday, November 3rd. The company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.15. SPX Technologies had a return on equity of 11.87% and a net margin of 2.45%. The company had revenue of $370.50 million for the quarter, compared to the consensus estimate of $352.00 million. Equities analysts forecast that SPX Technologies, Inc. will post 2.91 EPS for the current year.

Insider Buying and Selling at SPX Technologies

In related news, VP Natausha Heleena White sold 10,190 shares of SPX Technologies stock in a transaction that occurred on Tuesday, November 8th. The stock was sold at an average price of $69.83, for a total value of $711,567.70. Following the sale, the vice president now directly owns 33,518 shares in the company, valued at $2,340,561.94. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 3.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on SPXC. StockNews.com raised SPX Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, November 30th. Oppenheimer reaffirmed a “buy” rating and set a $72.00 price target on shares of SPX Technologies in a research report on Thursday, September 29th.

SPX Technologies Profile

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SPX Technologies, Inc supplies infrastructure equipment serving the heating, ventilation, and cooling (HVAC); and detection and measurement markets in the United States, China, the United Kingdom, and internationally. 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 and comfort heating and ventilation products for the residential and commercial markets.

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Institutional Ownership by Quarter for SPX Technologies (NYSE:SPXC)

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