Corient Private Wealth LLC Sells 4,985 Shares of SPX Technologies, Inc. (NYSE:SPXC)

Corient Private Wealth LLC decreased its holdings in SPX Technologies, Inc. (NYSE:SPXC) by 15.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 26,817 shares of the company’s stock after selling 4,985 shares during the quarter. Corient Private Wealth LLC owned approximately 0.06% of SPX Technologies worth $3,902,000 as of its most recent SEC filing.

Other institutional investors have also recently 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 valued at $25,000 after purchasing an additional 90 shares during the last quarter. Empowered Funds LLC bought a new position in SPX Technologies in the 4th quarter valued at $27,000. Skandinaviska Enskilda Banken AB publ raised its position in SPX Technologies by 2,055.6% in 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. Spire Wealth Management bought a new position in SPX Technologies in the 4th quarter valued at $57,000. Finally, Hilltop National Bank raised its position in SPX Technologies by 19.9% in the 4th quarter. Hilltop National Bank now owns 536 shares of the company’s stock valued at $78,000 after purchasing an additional 89 shares during the last quarter. Institutional investors own 92.82% of the company’s stock.

SPX Technologies Stock Down 1.1 %

Shares of SPX Technologies stock opened at $134.10 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.85 and a debt-to-equity ratio of 0.49. SPX Technologies, Inc. has a 12 month low of $116.05 and a 12 month high of $183.83. The business has a fifty day simple moving average of $144.31 and a 200 day simple moving average of $153.34. The stock has a market cap of $6.22 billion, a PE ratio of 36.05, a price-to-earnings-growth ratio of 1.33 and a beta of 1.26.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. UBS Group cut their price objective on SPX Technologies from $164.00 to $160.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Sidoti raised SPX Technologies from a “neutral” rating to a “buy” rating in a research note on Wednesday, February 26th. Oppenheimer raised SPX Technologies from a “market perform” rating to an “outperform” rating and set a $165.00 target price for the company in a research note on Wednesday, February 26th. Finally, Wolfe Research started coverage on SPX Technologies in a research note on Monday, November 25th. They issued an “outperform” rating and a $199.00 target price for the company. 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 data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target 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.