Segall Bryant & Hamill LLC Has $6.88 Million Stock Holdings in SPX Technologies, Inc. (NYSE:SPXC)

Segall Bryant & Hamill LLC decreased its stake in shares of SPX Technologies, Inc. (NYSE:SPXC) by 83.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 47,296 shares of the company’s stock after selling 242,186 shares during the quarter. Segall Bryant & Hamill LLC owned about 0.10% of SPX Technologies worth $6,883,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Private Advisor Group LLC increased its holdings in 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 buying an additional 68 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in shares of SPX Technologies by 1.6% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 4,342 shares of the company’s stock worth $632,000 after purchasing an additional 68 shares during the last quarter. CIBC Asset Management Inc raised its holdings in shares of SPX Technologies by 5.6% in the 4th quarter. CIBC Asset Management Inc now owns 1,383 shares of the company’s stock valued at $201,000 after purchasing an additional 73 shares during the period. Sequoia Financial Advisors LLC lifted its stake in SPX Technologies by 2.6% in the 4th 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 last quarter. Finally, Signaturefd LLC grew its holdings in SPX Technologies by 15.9% during the fourth quarter. Signaturefd LLC now owns 628 shares of the company’s stock worth $91,000 after purchasing an additional 86 shares during the period. Institutional investors and hedge funds own 92.82% of the company’s stock.

SPX Technologies Stock Down 2.4 %

SPXC stock opened at $136.18 on Thursday. The business’s fifty day moving average price is $143.93 and its two-hundred day moving average price is $153.21. The stock has a market capitalization of $6.32 billion, a price-to-earnings ratio of 36.61, a PEG ratio of 1.33 and a beta of 1.26. SPX Technologies, Inc. has a fifty-two week low of $116.05 and a fifty-two week high of $183.83. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.85 and a quick ratio of 1.19.

Analyst Upgrades and Downgrades

SPXC has been the subject of a number of recent analyst reports. Sidoti raised SPX Technologies from a “neutral” rating to a “buy” rating in a research report on Wednesday, February 26th. UBS Group reduced their price objective on shares of SPX Technologies from $164.00 to $160.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Finally, Oppenheimer raised shares of SPX Technologies from a “market perform” rating to an “outperform” rating and set a $165.00 price objective on the stock in a research report on Wednesday, February 26th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $174.75.

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.