Legal & General Group Plc Trims Stake in SPX Technologies, Inc. (NYSE:SPXC)

Legal & General Group Plc trimmed its position in shares of SPX Technologies, Inc. (NYSE:SPXC - Free Report) by 2.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 148,828 shares of the company's stock after selling 3,593 shares during the quarter. Legal & General Group Plc owned about 0.32% of SPX Technologies worth $21,657,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Allworth Financial LP raised its position in SPX Technologies by 123.3% in the 4th quarter. Allworth Financial LP now owns 163 shares of the company's stock worth $25,000 after buying an additional 90 shares during the last quarter. Empowered Funds LLC purchased a new position in shares of SPX Technologies in the 4th quarter worth $27,000. Skandinaviska Enskilda Banken AB publ increased its position in shares of SPX Technologies by 2,055.6% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 194 shares of the company's stock valued at $28,000 after purchasing an additional 185 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in SPX Technologies by 377.5% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 191 shares of the company's stock valued at $29,000 after buying an additional 151 shares during the last quarter. Finally, Spire Wealth Management bought a new position in SPX Technologies in the 4th quarter worth $57,000. 92.82% of the stock is currently owned by institutional investors.

SPX Technologies Trading Up 0.2 %

Shares of SPXC traded up $0.25 during trading hours on Friday, reaching $128.21. 347,397 shares of the company traded hands, compared to its average volume of 279,026. The stock's fifty day moving average price is $136.53 and its 200 day moving average price is $150.03. 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 firm has a market cap of $6.00 billion, a price-to-earnings ratio of 34.46, a PEG ratio of 1.33 and a beta of 1.22. SPX Technologies, Inc. has a 12-month low of $115.00 and a 12-month high of $183.83.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Oppenheimer raised 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. Sidoti upgraded shares of SPX Technologies from a "neutral" rating to a "buy" rating in a research report on Wednesday, February 26th. Finally, UBS Group dropped their target price on SPX Technologies from $164.00 to $160.00 and set a "neutral" rating for the company in a report on Tuesday, January 7th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, SPX Technologies has a consensus rating of "Moderate Buy" and an average target price of $174.75.

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.