TD Waterhouse Canada Inc. Buys 2,354 Shares of SPX Technologies, Inc. (NYSE:SPXC)

TD Waterhouse Canada Inc. lifted its holdings in SPX Technologies, Inc. (NYSE:SPXC - Free Report) by 3.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 69,214 shares of the company's stock after buying an additional 2,354 shares during the period. TD Waterhouse Canada Inc. owned about 0.15% of SPX Technologies worth $10,073,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Barclays PLC boosted its position in SPX Technologies by 299.0% during the third quarter. Barclays PLC now owns 84,567 shares of the company's stock valued at $13,485,000 after purchasing an additional 63,373 shares during the last quarter. Nordea Investment Management AB boosted its position in SPX Technologies by 5.0% during the fourth quarter. Nordea Investment Management AB now owns 365,583 shares of the company's stock valued at $53,203,000 after purchasing an additional 17,324 shares during the last quarter. M&T Bank Corp boosted its position in SPX Technologies by 0.4% during the third quarter. M&T Bank Corp now owns 37,541 shares of the company's stock valued at $5,986,000 after purchasing an additional 160 shares during the last quarter. KBC Group NV boosted its position in SPX Technologies by 2,109.8% during the fourth quarter. KBC Group NV now owns 28,617 shares of the company's stock valued at $4,164,000 after purchasing an additional 27,322 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in SPX Technologies by 666.7% during the third quarter. JPMorgan Chase & Co. now owns 590,552 shares of the company's stock valued at $94,169,000 after buying an additional 513,526 shares in the last quarter. Institutional investors and hedge funds own 92.82% of the company's stock.

SPX Technologies Stock Performance

SPX Technologies stock traded up $0.27 on Friday, hitting $133.77. The company's stock had a trading volume of 167,753 shares, compared to its average volume of 280,311. The company has a fifty day moving average price of $133.96 and a 200-day moving average price of $148.52. The firm has a market cap of $6.26 billion, a P/E ratio of 35.96, a price-to-earnings-growth ratio of 1.33 and a beta of 1.22. SPX Technologies, Inc. has a one year low of $115.00 and a one year high of $183.83. The company has a quick ratio of 1.19, a current ratio of 1.85 and a debt-to-equity ratio of 0.49.

Analyst Upgrades and Downgrades

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

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.