SPX Technologies, Inc. (NYSE:SPXC) VP Natausha Heleena White Sells 5,444 Shares of Stock

SPX Technologies, Inc. (NYSE:SPXC) VP Natausha Heleena White sold 5,444 shares of the business’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $80.32, for a total transaction of $437,262.08. Following the transaction, the vice president now directly owns 35,418 shares in the company, valued at approximately $2,844,773.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Natausha Heleena White also recently made the following trade(s):

• On Wednesday, August 30th, Natausha Heleena White sold 400 shares of SPX Technologies stock. The stock was sold at an average price of $80.08, for a total transaction of $32,032.00.
• On Tuesday, August 22nd, Natausha Heleena White sold 1,530 shares of SPX Technologies stock. The stock was sold at an average price of $80.02, for a total transaction of $122,430.60.
• On Friday, August 18th, Natausha Heleena White sold 16,230 shares of SPX Technologies stock. The stock was sold at an average price of $78.69, for a total transaction of $1,277,138.70.

SPX Technologies Stock Down 3.5 %

Shares of NYSE:SPXC opened at $77.15 on Wednesday. SPX Technologies, Inc. has a 52 week low of $53.19 and a 52 week high of $91.93. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.90 and a current ratio of 1.51. The company’s fifty day moving average is $81.07 and its 200-day moving average is $75.65. The company has a market capitalization of $3.52 billion, a PE ratio of 66.51, a P/E/G ratio of 1.04 and a beta of 1.25.

SPX Technologies (NYSE:SPXC) last issued its earnings results on Wednesday, August 2nd. The company reported $1.06 EPS for the quarter, beating the consensus estimate of $0.84 by $0.22. SPX Technologies had a net margin of 3.36% and a return on equity of 16.52%. The company had revenue of $423.30 million for the quarter, compared to the consensus estimate of $395.72 million. During the same quarter in the previous year, the company earned $0.71 EPS. The firm’s revenue for the quarter was up 19.6% compared to the same quarter last year. Equities research analysts predict that SPX Technologies, Inc. will post 4.26 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SPXC has been the topic of several analyst reports. Oppenheimer boosted their price target on shares of SPX Technologies from $94.00 to $97.00 and gave the company an “outperform” rating in a report on Thursday, August 3rd. StockNews.com initiated coverage on shares of SPX Technologies in a report on Thursday, August 17th. They issued a “hold” rating on the stock. UBS Group lowered shares of SPX Technologies from a “buy” rating to a “neutral” rating and boosted their price target for the company from $80.00 to $90.00 in a report on Wednesday, July 5th. Finally, TheStreet raised shares of SPX Technologies from a “c+” rating to a “b-” rating in a report on Thursday, May 25th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $93.50.

Institutional Investors Weigh In On SPX Technologies

Several institutional investors and hedge funds have recently made changes to their positions in SPXC. BlackRock Inc. lifted its position in SPX Technologies by 1.2% during the 1st quarter. BlackRock Inc. now owns 7,539,474 shares of the company’s stock worth $532,136,000 after buying an additional 92,143 shares in the last quarter. Vanguard Group Inc. lifted its position in SPX Technologies by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 4,778,461 shares of the company’s stock worth $263,866,000 after buying an additional 19,693 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its position in SPX Technologies by 3.9% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 4,265,310 shares of the company’s stock worth $280,018,000 after buying an additional 160,366 shares in the last quarter. State Street Corp lifted its position in SPX Technologies by 1.2% during the 1st quarter. State Street Corp now owns 1,666,386 shares of the company’s stock worth $117,614,000 after buying an additional 20,510 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in SPX Technologies by 1.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,220,810 shares of the company’s stock worth $103,730,000 after buying an additional 21,612 shares in the last quarter. Institutional investors and hedge funds own 89.93% of the company’s stock.

SPX Technologies Company Profile

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.