First Trust Advisors LP Has $80.52 Million Stock Holdings in SPX Technologies, Inc. (NYSE:SPXC)

First Trust Advisors LP increased its position in shares of SPX Technologies, Inc. (NYSE:SPXC - Free Report) by 54.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 553,320 shares of the company's stock after acquiring an additional 195,153 shares during the quarter. First Trust Advisors LP owned about 1.19% of SPX Technologies worth $80,519,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Allworth Financial LP boosted its stake in SPX Technologies by 123.3% during the 4th quarter. Allworth Financial LP now owns 163 shares of the company's stock worth $25,000 after acquiring an additional 90 shares during the last quarter. Empowered Funds LLC bought a new position in SPX Technologies during the 4th quarter worth approximately $27,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in SPX Technologies by 377.5% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 191 shares of the company's stock worth $29,000 after acquiring an additional 151 shares during the last quarter. Skandinaviska Enskilda Banken AB publ boosted its stake in SPX Technologies by 2,055.6% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 194 shares of the company's stock worth $28,000 after acquiring an additional 185 shares during the last quarter. Finally, Covestor Ltd boosted its stake in SPX Technologies by 313.8% during the 4th quarter. Covestor Ltd now owns 389 shares of the company's stock worth $57,000 after acquiring an additional 295 shares during the last quarter. Institutional investors own 92.82% of the company's stock.

SPX Technologies Stock Up 0.2 %

Shares of SPX Technologies stock traded up $0.27 during trading hours on Friday, reaching $133.77. 167,753 shares of the company's stock were exchanged, compared to its average volume of 280,311. The company has a 50 day moving average of $133.96 and a two-hundred day moving average of $148.52. SPX Technologies, Inc. has a fifty-two week low of $115.00 and a fifty-two week high of $183.83. The company has a current ratio of 1.85, a quick ratio of 1.19 and a debt-to-equity ratio of 0.49. The stock has a market cap of $6.26 billion, a P/E ratio of 35.96, a P/E/G ratio of 1.33 and a beta of 1.22.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SPXC. Sidoti raised shares of SPX Technologies from a "neutral" rating to a "buy" rating in a research note on Wednesday, February 26th. UBS Group dropped their target price on shares of SPX Technologies from $164.00 to $160.00 and set a "neutral" rating on the stock in a report on Tuesday, January 7th. Finally, Oppenheimer upgraded shares of SPX Technologies from a "market perform" rating to an "outperform" rating and set a $165.00 target price on the stock in a report on Wednesday, February 26th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $174.75.

About SPX Technologies

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.