SPX Technologies, Inc. (NYSE:SPXC) Stock Holdings Increased by Wells Fargo & Company MN

Wells Fargo & Company MN boosted its stake in SPX Technologies, Inc. (NYSE:SPXC - Free Report) by 10.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 72,655 shares of the company's stock after buying an additional 7,146 shares during the period. Wells Fargo & Company MN owned 0.16% of SPX Technologies worth $10,573,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in SPXC. Private Advisor Group LLC grew its position in shares of SPX Technologies by 1.0% during the fourth quarter. Private Advisor Group LLC now owns 6,921 shares of the company's stock worth $1,007,000 after acquiring an additional 68 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in SPX Technologies by 1.6% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 4,342 shares of the company's stock valued at $632,000 after purchasing an additional 68 shares during the period. CIBC Asset Management Inc grew its position in SPX Technologies by 5.6% in the 4th quarter. CIBC Asset Management Inc now owns 1,383 shares of the company's stock worth $201,000 after purchasing an additional 73 shares during the last quarter. Sequoia Financial Advisors LLC increased its stake in shares of SPX Technologies by 2.6% in the fourth quarter. Sequoia Financial Advisors LLC now owns 3,386 shares of the company's stock valued at $493,000 after purchasing an additional 85 shares during the period. Finally, Signaturefd LLC raised its holdings in shares of SPX Technologies by 15.9% during the fourth quarter. Signaturefd LLC now owns 628 shares of the company's stock valued at $91,000 after buying an additional 86 shares during the last quarter. 92.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Sidoti raised SPX Technologies from a "neutral" rating to a "buy" rating in a report on Wednesday, February 26th. Oppenheimer raised SPX Technologies from a "market perform" rating to an "outperform" rating and set a $165.00 price target for the company in a research note on Wednesday, February 26th. Finally, UBS Group lowered their price target on SPX Technologies from $164.00 to $160.00 and set a "neutral" rating on the stock in a report on Tuesday, January 7th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, SPX Technologies has an average rating of "Moderate Buy" and a consensus target price of $174.75.

SPX Technologies Price Performance

NYSE SPXC traded up $2.92 on Tuesday, reaching $126.89. 268,586 shares of the stock traded hands, compared to its average volume of 279,287. SPX Technologies, Inc. has a 12 month low of $115.00 and a 12 month high of $183.83. The company has a market cap of $5.94 billion, a price-to-earnings ratio of 34.11, a P/E/G ratio of 1.33 and a beta of 1.22. The firm's fifty day simple moving average is $135.01 and its 200 day simple moving average is $149.27. The company has a quick ratio of 1.19, a current ratio of 1.85 and a debt-to-equity ratio of 0.49.

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.