SPX Technologies, Inc. (NYSE:SPXC) Shares Sold by Mount Yale Investment Advisors LLC

Mount Yale Investment Advisors LLC decreased its position in shares of SPX Technologies, Inc. (NYSE:SPXC) by 14.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,714 shares of the company’s stock after selling 457 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in SPX Technologies were worth $334,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Fifth Third Bancorp raised its position in SPX Technologies by 2.7% during the first quarter. Fifth Third Bancorp now owns 4,524 shares of the company’s stock valued at $557,000 after acquiring an additional 118 shares in the last quarter. Sequoia Financial Advisors LLC raised its position in SPX Technologies by 4.3% during the fourth quarter. Sequoia Financial Advisors LLC now owns 3,182 shares of the company’s stock valued at $321,000 after acquiring an additional 132 shares in the last quarter. US Bancorp DE raised its position in SPX Technologies by 3.3% during the fourth quarter. US Bancorp DE now owns 7,254 shares of the company’s stock valued at $733,000 after acquiring an additional 232 shares in the last quarter. Swiss National Bank raised its position in SPX Technologies by 0.3% during the first quarter. Swiss National Bank now owns 90,118 shares of the company’s stock valued at $11,096,000 after acquiring an additional 300 shares in the last quarter. Finally, Yousif Capital Management LLC raised its position in SPX Technologies by 1.7% during the fourth quarter. Yousif Capital Management LLC now owns 23,007 shares of the company’s stock valued at $2,324,000 after acquiring an additional 393 shares in the last quarter. 92.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on SPXC. Oppenheimer cut SPX Technologies from an “outperform” rating to a “market perform” rating in a research report on Thursday, July 18th. UBS Group boosted their price objective on SPX Technologies from $126.00 to $142.00 and gave the company a “neutral” rating in a research report on Wednesday, May 8th. William Blair restated an “outperform” rating on shares of SPX Technologies in a research report on Friday, May 3rd. Finally, StockNews.com cut SPX Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, May 11th.

SPX Technologies Price Performance

Shares of SPXC traded down $0.76 during trading hours on Monday, hitting $148.64. 389,344 shares of the stock were exchanged, compared to its average volume of 253,570. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.70 and a current ratio of 1.12. SPX Technologies, Inc. has a 12-month low of $76.61 and a 12-month high of $164.91. The company has a market cap of $6.87 billion, a price-to-earnings ratio of 73.49, a price-to-earnings-growth ratio of 1.55 and a beta of 1.20. The stock’s 50-day moving average price is $143.05 and its two-hundred day moving average price is $125.58.

SPX Technologies (NYSE:SPXC) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $1.25 EPS for the quarter, topping the consensus estimate of $1.06 by $0.19. SPX Technologies had a return on equity of 18.18% and a net margin of 5.32%. The firm had revenue of $465.20 million during the quarter, compared to analysts’ expectations of $454.05 million. During the same period in the previous year, the business earned $0.93 earnings per share. The firm’s revenue for the quarter was up 16.4% on a year-over-year basis. Research analysts expect that SPX Technologies, Inc. will post 5.37 earnings per share for the current year.

Insider Buying and Selling

In other SPX Technologies news, insider J Randall Data sold 39,412 shares of the business’s stock in a transaction on Monday, June 24th. The stock was sold at an average price of $143.89, for a total transaction of $5,670,992.68. Following the transaction, the insider now owns 52,657 shares of the company’s stock, valued at $7,576,815.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 3.53% of the stock is owned by company insiders.

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.