SPX Technologies, Inc. (NYSE:SPXC) Shares Sold by Artisan Partners Limited Partnership

Artisan Partners Limited Partnership decreased its position in shares of SPX Technologies, Inc. (NYSE:SPXC) by 17.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 635,773 shares of the company’s stock after selling 131,271 shares during the period. Artisan Partners Limited Partnership owned 1.37% of SPX Technologies worth $92,518,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in SPXC. Allworth Financial LP grew its stake in shares of SPX Technologies by 123.3% in the 4th quarter. Allworth Financial LP now owns 163 shares of the company’s stock worth $25,000 after purchasing an additional 90 shares during the last quarter. Empowered Funds LLC bought a new stake in SPX Technologies during the fourth quarter worth approximately $27,000. Skandinaviska Enskilda Banken AB publ grew its position in SPX Technologies by 2,055.6% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 194 shares of the company’s stock worth $28,000 after buying an additional 185 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of SPX Technologies by 377.5% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 191 shares of the company’s stock valued at $29,000 after buying an additional 151 shares in the last quarter. Finally, Spire Wealth Management acquired a new stake in shares of SPX Technologies during the 4th quarter valued at $57,000. 92.82% of the stock is currently owned by institutional investors and hedge funds.

SPX Technologies Stock Performance

Shares of SPX Technologies stock opened at $134.05 on Friday. The stock has a market cap of $6.22 billion, a PE ratio of 36.03, a price-to-earnings-growth ratio of 1.33 and a beta of 1.26. SPX Technologies, Inc. has a 12 month low of $116.05 and a 12 month high of $183.83. The company has a quick ratio of 1.19, a current ratio of 1.85 and a debt-to-equity ratio of 0.49. The business has a fifty day simple moving average of $143.63 and a 200-day simple moving average of $153.08.

Analyst Ratings Changes

SPXC has been the topic of a number of recent research reports. Oppenheimer upgraded SPX Technologies from a “market perform” rating to an “outperform” rating and set a $165.00 target price on the stock in a report on Wednesday, February 26th. Sidoti upgraded SPX Technologies from a “neutral” rating to a “buy” rating in a research report on Wednesday, February 26th. Finally, UBS Group cut their price objective 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 given a buy rating to the stock. According to MarketBeat, SPX Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $174.75.

SPX Technologies Company 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.