Vanguard Personalized Indexing Management LLC Purchases 943 Shares of SPX Technologies, Inc. $SPXC

Vanguard Personalized Indexing Management LLC grew its stake in shares of SPX Technologies, Inc. (NYSE:SPXC) by 20.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,509 shares of the company’s stock after acquiring an additional 943 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in SPX Technologies were worth $924,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Nuveen LLC purchased a new stake in shares of SPX Technologies in the first quarter worth $88,852,000. Charles Schwab Investment Management Inc. raised its position in shares of SPX Technologies by 1.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 635,862 shares of the company’s stock worth $81,886,000 after buying an additional 10,501 shares in the last quarter. Northern Trust Corp raised its position in shares of SPX Technologies by 1.0% in the first quarter. Northern Trust Corp now owns 544,145 shares of the company’s stock worth $70,075,000 after buying an additional 5,644 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of SPX Technologies by 0.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 514,858 shares of the company’s stock worth $66,305,000 after buying an additional 2,505 shares in the last quarter. Finally, Channing Capital Management LLC raised its position in shares of SPX Technologies by 35.3% in the first quarter. Channing Capital Management LLC now owns 415,393 shares of the company’s stock worth $53,494,000 after buying an additional 108,329 shares in the last quarter. Hedge funds and other institutional investors own 92.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on SPXC shares. Wells Fargo & Company started coverage on SPX Technologies in a research report on Tuesday, October 14th. They issued an “overweight” rating and a $205.00 price objective on the stock. Wall Street Zen downgraded SPX Technologies from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Bank of America assumed coverage on SPX Technologies in a research report on Wednesday, October 8th. They set a “neutral” rating and a $202.00 price target on the stock. UBS Group raised their price target on SPX Technologies from $182.00 to $210.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of SPX Technologies in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, SPX Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $197.57.

SPX Technologies Stock Up 0.6%

Shares of NYSE:SPXC opened at $183.96 on Monday. The stock’s 50-day moving average price is $187.38 and its 200-day moving average price is $167.78. SPX Technologies, Inc. has a 12-month low of $115.00 and a 12-month high of $209.38. The stock has a market capitalization of $8.60 billion, a P/E ratio of 41.34, a price-to-earnings-growth ratio of 1.88 and a beta of 1.37. The company has a current ratio of 1.97, a quick ratio of 1.28 and a debt-to-equity ratio of 0.62.

SPX Technologies (NYSE:SPXC) last announced its quarterly earnings data on Thursday, July 31st. The company reported $1.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.45 by $0.20. The firm had revenue of $552.40 million for the quarter, compared to analysts’ expectations of $546.03 million. SPX Technologies had a return on equity of 19.59% and a net margin of 10.27%.The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period last year, the firm earned $1.42 earnings per share. SPX Technologies has set its FY 2025 guidance at 6.350-6.650 EPS. On average, equities analysts anticipate that SPX Technologies, Inc. will post 5.57 earnings per share for the current year.

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.