Dimensional Fund Advisors LP Has $135.33 Million Stake in SPX Technologies, Inc. (NYSE:SPXC)

Dimensional Fund Advisors LP trimmed its holdings in shares of SPX Technologies, Inc. (NYSE:SPXC - Free Report) by 11.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 930,031 shares of the company's stock after selling 118,381 shares during the period. Dimensional Fund Advisors LP owned about 2.01% of SPX Technologies worth $135,332,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in SPX Technologies by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 5,031,289 shares of the company's stock valued at $732,153,000 after buying an additional 89,770 shares in the last quarter. Invesco Ltd. boosted its stake in shares of SPX Technologies by 3.4% during the fourth quarter. Invesco Ltd. now owns 1,150,781 shares of the company's stock valued at $167,462,000 after acquiring an additional 37,468 shares during the last quarter. Conestoga Capital Advisors LLC increased its position in SPX Technologies by 25.6% during the 4th quarter. Conestoga Capital Advisors LLC now owns 787,795 shares of the company's stock worth $114,640,000 after purchasing an additional 160,535 shares in the last quarter. FMR LLC raised its stake in SPX Technologies by 8.5% in the 4th quarter. FMR LLC now owns 718,298 shares of the company's stock valued at $104,527,000 after purchasing an additional 56,175 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in SPX Technologies by 16.1% in the 4th quarter. JPMorgan Chase & Co. now owns 685,445 shares of the company's stock valued at $99,746,000 after purchasing an additional 94,893 shares in the last quarter. Hedge funds and other institutional investors own 92.82% of the company's stock.

Wall Street Analysts Forecast Growth

SPXC has been the topic of a number of research analyst reports. UBS Group decreased their price target 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. Sidoti raised shares of SPX Technologies from a "neutral" rating to a "buy" rating in a research report on Wednesday, February 26th. Finally, Oppenheimer upgraded shares of SPX Technologies from a "market perform" rating to an "outperform" rating and set a $165.00 price target on the stock in a report on Wednesday, February 26th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, SPX Technologies currently has an average rating of "Moderate Buy" and an average price target of $174.75.

SPX Technologies Price Performance

Shares of SPX Technologies stock traded up $1.05 during trading on Thursday, hitting $135.20. The stock had a trading volume of 53,115 shares, compared to its average volume of 278,382. The business has a fifty day moving average of $133.28 and a two-hundred day moving average of $148.07. SPX Technologies, Inc. has a fifty-two week low of $115.00 and a fifty-two week high of $183.83. The firm has a market cap of $6.32 billion, a P/E ratio of 36.42, a PEG ratio of 1.33 and a beta of 1.22. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.85 and a quick ratio of 1.19.

SPX Technologies Company 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.