De Lisle Partners LLP bought a new stake in SPX Technologies, Inc. (NYSE:SPXC – Free Report) in the 2nd quarter, Holdings Channel.com reports. The firm bought 15,970 shares of the company’s stock, valued at approximately $3,917,000.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. increased its position in SPX Technologies by 21.4% during the fourth quarter. Hantz Financial Services Inc. now owns 255 shares of the company’s stock worth $51,000 after buying an additional 45 shares during the period. Lido Advisors LLC grew its holdings in shares of SPX Technologies by 1.6% during the fourth quarter. Lido Advisors LLC now owns 3,104 shares of the company’s stock worth $586,000 after buying an additional 50 shares during the last quarter. Intrust Bank NA grew its stake in shares of SPX Technologies by 3.6% in the 4th quarter. Intrust Bank NA now owns 1,660 shares of the company’s stock valued at $332,000 after purchasing an additional 58 shares during the last quarter. Fifth Third Wealth Advisors LLC raised its position in SPX Technologies by 4.4% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 1,431 shares of the company’s stock worth $286,000 after buying an additional 60 shares during the last quarter. Finally, CIBC Private Wealth Group LLC raised its holdings in SPX Technologies by 7.1% during the fourth quarter. CIBC Private Wealth Group LLC now owns 941 shares of the company’s stock worth $188,000 after purchasing an additional 62 shares in the last quarter. Hedge funds and other institutional investors own 92.82% of the company’s stock.
SPX Technologies Trading Up 1.0%
NYSE:SPXC opened at $206.52 on Friday. SPX Technologies, Inc. has a 52-week low of $179.62 and a 52-week high of $251.08. The company has a quick ratio of 1.21, a current ratio of 1.82 and a debt-to-equity ratio of 0.23. The stock has a fifty day simple moving average of $221.25 and a 200-day simple moving average of $217.57. The company has a market capitalization of $10.34 billion, a PE ratio of 37.14, a price-to-earnings-growth ratio of 1.35 and a beta of 1.27.
Wall Street Analysts Forecast Growth
Several analysts recently commented on the stock. Zacks Research upgraded shares of SPX Technologies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 4th. Wall Street Zen upgraded shares of SPX Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. B. Riley Financial increased their target price on shares of SPX Technologies from $280.00 to $285.00 and gave the company a “buy” rating in a report on Friday, July 31st. JPMorgan Chase & Co. lifted their price target on shares of SPX Technologies from $260.00 to $270.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Finally, Wells Fargo & Company reissued an “overweight” rating and set a $250.00 price target on shares of SPX Technologies in a research note on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, SPX Technologies currently has a consensus rating of “Buy” and a consensus target price of $266.67.
Get Our Latest Research Report on SPXC
SPX Technologies Profile
SPX Technologies (NYSE:SPXC) is a diversified global supplier of highly engineered products and solutions serving industrial, municipal, energy and utility markets. The company designs, manufactures and supports a broad range of equipment that helps customers monitor, control and manage critical processes in water distribution, power generation, HVAC, refrigeration and industrial applications.
The company’s Detection & Measurement Technologies segment offers leak detection systems, pipe and asset assessment tools, fluid flow measurement devices, gas detection equipment and related services.
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