MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Buys 17,701 Shares of SPX Technologies, Inc. (NYSE:SPXC)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of SPX Technologies, Inc. (NYSE:SPXC - Free Report) by 5.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 339,617 shares of the company's stock after purchasing an additional 17,701 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.73% of SPX Technologies worth $49,421,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the stock. Barclays PLC lifted its stake in shares of SPX Technologies by 299.0% in the third quarter. Barclays PLC now owns 84,567 shares of the company's stock worth $13,485,000 after acquiring an additional 63,373 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of SPX Technologies by 188.4% in the third quarter. Franklin Resources Inc. now owns 12,531 shares of the company's stock worth $2,127,000 after acquiring an additional 8,186 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of SPX Technologies by 13.6% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 3,232 shares of the company's stock worth $515,000 after acquiring an additional 386 shares in the last quarter. Park Avenue Securities LLC lifted its position in shares of SPX Technologies by 11.8% during the fourth quarter. Park Avenue Securities LLC now owns 4,414 shares of the company's stock worth $642,000 after purchasing an additional 465 shares during the last quarter. Finally, Redhawk Wealth Advisors Inc. lifted its position in shares of SPX Technologies by 4.8% during the fourth quarter. Redhawk Wealth Advisors Inc. now owns 19,143 shares of the company's stock worth $2,786,000 after purchasing an additional 883 shares during the last quarter. 92.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. B. Riley assumed coverage on SPX Technologies in a report on Thursday. They set a "buy" rating and a $195.00 target price for the company. Sidoti upgraded shares of SPX Technologies from a "neutral" rating to a "buy" rating in a research note 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 research note on Wednesday, February 26th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $178.80.

SPX Technologies Trading Down 0.0%

Shares of NYSE SPXC traded down $0.03 during midday trading on Monday, reaching $155.99. 31,629 shares of the stock were exchanged, compared to its average volume of 277,977. The company has a market capitalization of $7.29 billion, a price-to-earnings ratio of 41.92, a P/E/G ratio of 1.33 and a beta of 1.21. SPX Technologies, Inc. has a 12 month low of $115.00 and a 12 month high of $183.83. The business has a 50-day simple moving average of $135.89 and a two-hundred day simple moving average of $146.94. 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 (NYSE:SPXC - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $1.38 EPS for the quarter, beating analysts' consensus estimates of $1.16 by $0.22. SPX Technologies had a net margin of 9.11% and a return on equity of 19.70%. The business had revenue of $482.60 million for the quarter, compared to analyst estimates of $481.32 million. During the same quarter in the prior year, the business earned $1.25 EPS. SPX Technologies's quarterly revenue was up 3.7% on a year-over-year basis. As a group, equities research analysts expect that SPX Technologies, Inc. will post 5.57 EPS for the current year.

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.