SPX Technologies, Inc. (NYSE:SPXC) Shares Purchased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC boosted its position in SPX Technologies, Inc. (NYSE:SPXC – Get Rating) by 4.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,189 shares of the company’s stock after buying an additional 183 shares during the period. Janney Montgomery Scott LLC’s holdings in SPX Technologies were worth $275,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of SPXC. Amalgamated Bank boosted its position in SPX Technologies by 0.7% in the 3rd quarter. Amalgamated Bank now owns 20,553 shares of the company’s stock worth $1,135,000 after purchasing an additional 145 shares in the last quarter. State of Alaska Department of Revenue boosted its position in SPX Technologies by 0.5% in the 4th quarter. State of Alaska Department of Revenue now owns 31,465 shares of the company’s stock worth $2,065,000 after purchasing an additional 145 shares in the last quarter. Great West Life Assurance Co. Can boosted its position in SPX Technologies by 0.6% in the 1st quarter. Great West Life Assurance Co. Can now owns 39,156 shares of the company’s stock worth $1,982,000 after purchasing an additional 232 shares in the last quarter. Victory Capital Management Inc. boosted its position in SPX Technologies by 1.8% in the 3rd quarter. Victory Capital Management Inc. now owns 15,332 shares of the company’s stock worth $847,000 after purchasing an additional 277 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its position in shares of SPX Technologies by 1.9% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 15,132 shares of the company’s stock valued at $836,000 after buying an additional 289 shares in the last quarter. Hedge funds and other institutional investors own 92.06% of the company’s stock.

SPX Technologies Stock Down 3.0 %

NYSE SPXC opened at $71.85 on Tuesday. The business has a fifty day moving average price of $67.91 and a 200 day moving average price of $68.80. SPX Technologies, Inc. has a one year low of $44.13 and a one year high of $78.30. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.43 and a current ratio of 2.16. The company has a market cap of $3.27 billion, a P/E ratio of 107.24, a P/E/G ratio of 1.18 and a beta of 1.24.

SPX Technologies (NYSE:SPXC – Get Rating) last posted its quarterly earnings data on Thursday, May 4th. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.60 by $0.33. SPX Technologies had a return on equity of 15.48% and a net margin of 2.03%. The firm had revenue of $399.80 million during the quarter, compared to the consensus estimate of $329.78 million. During the same period in the prior year, the company earned $0.40 EPS. The firm’s revenue was up 30.2% compared to the same quarter last year. Research analysts anticipate that SPX Technologies, Inc. will post 3.49 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider J Randall Data sold 28,826 shares of the firm’s stock in a transaction dated Thursday, March 16th. The stock was sold at an average price of $67.76, for a total transaction of $1,953,249.76. Following the completion of the sale, the insider now directly owns 92,124 shares of the company’s stock, valued at approximately $6,242,322.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider J Randall Data sold 28,826 shares of the firm’s stock in a transaction dated Thursday, March 16th. The stock was sold at an average price of $67.76, for a total transaction of $1,953,249.76. Following the completion of the transaction, the insider now directly owns 92,124 shares in the company, valued at approximately $6,242,322.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP John Webster Nurkin sold 11,131 shares of the firm’s stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of $71.46, for a total value of $795,421.26. Following the sale, the vice president now directly owns 88,196 shares in the company, valued at approximately $6,302,486.16. The disclosure for this sale can be found here. Insiders sold 52,457 shares of company stock valued at $3,626,421 in the last three months. 4.02% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SPXC. Oppenheimer increased their target price on SPX Technologies from $82.00 to $85.00 in a research report on Friday. StockNews.com began coverage on SPX Technologies in a research report on Thursday, March 16th. They set a “hold” rating on the stock. TheStreet lowered SPX Technologies from a “b-” rating to a “c” rating in a research report on Wednesday, April 26th. Finally, William Blair began coverage on SPX Technologies in a research report on Monday, April 17th. They set an “outperform” rating on the stock.

SPX Technologies Company Profile

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SPX Technologies, Inc engages in the supply of infrastructure equipment. It operates through the HVAC and Detection and Measurement segments. The HVAC segment engineers, designs, manufactures, installs, and services cooling products and engineered air quality solutions to the HVAC and industrial markets, as well as heating and ventilation products for the residential and commercial markets.